Invesco today announces the launch of the Invesco Net Zero Global Investment Grade Corporate Bond Fund for investors across Europe. The Fund’s primary objective is to contribute to the goal of achieving global net zero greenhouse gas emissions by 2050 or sooner.
The Fund will offer exposure to a global portfolio of corporate credits, focusing on high-quality issuers that meet its net zero framework, whilst seeking to deliver income and long-term capital growth to investors.
Classified as Article 9 under the Sustainable Finance Disclosure Regulation (SFDR), the Fund follows a net zero approach based on an investment framework set out by the Paris Aligned Investment Initiative (PAII).
The Fund will be jointly managed by Lyndon Man, Luke Greenwood, Michael Booth and Matthew Henly. The managers draw on the support of Invesco’s Global ESG team and the Invesco Fixed Income (IFI) platform, a global team of 174 investment professionals averaging 20 years in the industry, currently managing £404.3bn in assets globally. The managers believe that companies with better resilience to climate risks will outperform in the long term.
Lyndon Man, Co-Head of Global Investment Grade Credit at Invesco, comments: “We have listened to the needs of our clients when developing the Fund and believe that we are now able to offer an innovative approach to Corporate Bond investing for those who wish to contribute to the effort of achieving net zero by 2050 or sooner.
“The transition to net zero is a global initiative, impacting all sectors and geographies. Our approach acknowledges this and will individually assess corporates we invest in on their alignment with the objective of achieving a successful transition to net zero. We believe that by taking this approach, and by strengthening our engagement with corporates on this journey, we will reach our target”
Oliver Bilal, Head of EMEA Distribution at Invesco, comments: “We are responding to the growing demand from our clients across retail, pension funds and insurers, to provide their need for more sustainable investments.
“Invesco already offers a selection of ESG and sustainable investments for a wide selection of client types, ranging from a multi asset sustainable range; a net zero aligned Buy & Maintain strategy for pension funds, as well as four Article 9 ETFs; a further 19 ESG ETFs; and an Article 9 Energy Transition fund (quantitative strategy), amongst others.
“We will continue to grow our sustainable investment range and partner with our clients to develop solutions that will help them achieve their sustainable objectives, at the same time reinforcing the work we do as a signatory to the Net Zero Asset Managers Initiative.
The Invesco Net Zero Global Investment Grade Corporate Bond Fund is currently registered in Austria, Belgium, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Spain, Switzerland and the United Kingdom.