Hermes Investment Management is launching high yield funds focused on social and environmental engagement, together with Federated Investors and UBS.
The trio are launching the SDG Engagement High Yield Credit funds, which will look to achieve a meaningful social and/or environmental impact on top of a strong return by investing in high yield bonds and engaging with their issuers. The Hermes SDG Engagement High Yield Credit fund is available in the UK from 2 October. The fund will be managed by Hermes' Mitch Reznick, head of research and sustainable fixed income, and Fraser Lundie, head of credit. Hermes' Aaron Hay will also be lead engager on the fund, dedicated to driving positive change in line with the United Nations Sustainabl...
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