UBP launches emerging market sustainable local bond fund

Article 8 fund

Kathleen Gallagher
clock • 2 min read
UBP believes now is the right time for local currency bonds given central banks acted quickly on inflation concerns

UBP believes now is the right time for local currency bonds given central banks acted quickly on inflation concerns

Union Bancaire Privée has launched a ESG sovereign local-currency debt strategy, the UBAM – EM Sustainable Local Bond fund, a strategy it believes is well positioned as emerging market central banks pre-emptively tightened monetary policy last year.

The fund, which will meet the requirements of an Article 8 fund under the EU's Sustainable Finance Disclosure Regulation, will invest in bonds issued by sovereign and supranationals which are denominated in local currencies. "A lot of fixed income asset classes have recorded losses in the past few months, with the exception of EM local currency fixed income, which one client told me is the only bright spot in his portfolio…and is registering positive returns," Lamine Bougueroua, lead portfolio manager of the fund explained to Investment Week. The reason for this positive performance w...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Global

iMGP Global Concentrated Equity fund

iM Global Partner launches global equity fund with Scharf

Same approach as Global Opportunity fund

clock 23 June 2022 • 1 min read
Fixed income is vital in fulfilling key functions, such as "diversification from equities, capital preservation and income".

Deep Dive: Pockets of hope for fixed income

'Easy to write off'

Elliot Gulliver-Needham
clock 17 June 2022 • 4 min read
Mike Scott is a credit manager at Man GLG

High yield ETFs and passives may struggle in new phase of the credit cycle

End of 146 month cycle

Mike Scott
clock 15 June 2022 • 3 min read