Royal London passes Ethical Bond fund to Binns

Royal London has handed its Ethical Bond vehicle to recent hire Paola Binns, allowing fixed income h...

Royal London has handed its Ethical Bond vehicle to recent hire Paola Binns, allowing fixed income head Sajiv Vaid to focus on the £330m Corporate Bond Trust. Ethical Bond, launched in January, was established by Vaid in conjunction with ethical screen provider EiRIS, and is now fully under Binns’ management after a four-month handover. Both vehicles adhere to the same philosophy of an investment grade focus with a long-term commitment to select unrated bonds and beleaguered financials. Binns’ fund however, cannot invest in companies that EiRIS determines derive more than 10% of turno...