Living Planet Fund - Bonds
Living Planet Fund – Bonds is a global fixed income fund that invests only in sovereign and corporate bonds of OCDE countries. Bonds selected meet stringent business and financial performance criteria.
For sovereign bonds, our portfolio is structured around OECD countries having commitments concerning the environment and which participate in providing development aid.
For corporate bonds, priority is given to companies that are innovative in term of strategy and/or have incorporated sustainable practices. We do not invest in bonds issued by corporations engaged in industry sectors which we consider as potentially harmful to people or nature.
This bond fund, is a feeder fund to the Macif Obligation Développement Durable, a fund managed by MACIF Gestion, part of the MACIF Group, which has been closely involved in responsible investment since 1998.
Our partners at MACIF Gestion elaborate country scenarios based on fundamental analysis which covers anticipated economic growth, inflation and interest rate differentials. Quantitative tools such as modelling and screening of market are used to perform analysis. Finally, the asset manager attempts to ensure that the timings of market transactions are optimized.
Strategic decisions must constantly comply with the following two conditions:
- The probability of the strategy being successful being greater than 60%.
- Should the worse case scenario arise the probable loss to be less than 1.5%.
Bonds selected meet stringent business and financial performance criteria.
For sovereign bonds, the portfolio is structured around OECD countries having commitments concerning the environment and which participate in providing development aid.
For corporate bonds, priority is given to companies that are innovative in term of strategy and/or have incorporated sustainable practices.
The analysis work takes into account data from sustainable rating agencies such as Eiris, Vigeo and Innovest. Bonds are then rated. Based on this rating, the portfolio is constructed with the higher rated bonds being attributed a higher weighting.
Investment constraints:
- A minimum of 60% of the issuers must be part of the Eurozone.
- A maximum of 5% per sovereign issuer is set as the limit if the issuer is not an EU country or part of the G7, subject to a limit of 10% of the total value constituted by such issuers.
Corporate bonds should not exceed 50% of the portfolio and should have a minimum rating of BBB+.
The foreign exchange risk is limited to a maximum of 10% of the net assets.
In term of risk management, performance of the components of the portfolio and market risks are followed on a real time basis. Moreover, tools such as stop-loss and options are used as required.
For sovereign bonds, our portfolio is structured around OECD countries having commitments concerning the environment and which participate in providing development aid.
For corporate bonds, priority is given to companies that are innovative in term of strategy and/or have incorporated sustainable practices. We do not invest in bonds issued by corporations engaged in industry sectors which we consider as potentially harmful to people or nature.
This bond fund, is a feeder fund to the Macif Obligation Développement Durable, a fund managed by MACIF Gestion, part of the MACIF Group, which has been closely involved in responsible investment since 1998.
Our partners at MACIF Gestion elaborate country scenarios based on fundamental analysis which covers anticipated economic growth, inflation and interest rate differentials. Quantitative tools such as modelling and screening of market are used to perform analysis. Finally, the asset manager attempts to ensure that the timings of market transactions are optimized.
Strategic decisions must constantly comply with the following two conditions:
- The probability of the strategy being successful being greater than 60%.
- Should the worse case scenario arise the probable loss to be less than 1.5%.
Bonds selected meet stringent business and financial performance criteria.
For sovereign bonds, the portfolio is structured around OECD countries having commitments concerning the environment and which participate in providing development aid.
For corporate bonds, priority is given to companies that are innovative in term of strategy and/or have incorporated sustainable practices.
The analysis work takes into account data from sustainable rating agencies such as Eiris, Vigeo and Innovest. Bonds are then rated. Based on this rating, the portfolio is constructed with the higher rated bonds being attributed a higher weighting.
Investment constraints:
- A minimum of 60% of the issuers must be part of the Eurozone.
- A maximum of 5% per sovereign issuer is set as the limit if the issuer is not an EU country or part of the G7, subject to a limit of 10% of the total value constituted by such issuers.
Corporate bonds should not exceed 50% of the portfolio and should have a minimum rating of BBB+.
The foreign exchange risk is limited to a maximum of 10% of the net assets.
In term of risk management, performance of the components of the portfolio and market risks are followed on a real time basis. Moreover, tools such as stop-loss and options are used as required.
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