Muzinich & Co. announces the transitioning of the Muzinich Global High Yield Fund to a low carbon portfolio. The fund has changed its name to the Muzinich Global High Yield Low Carbon Credit Fund and is classified as an Article 9 financial product under the Sustainable Financial Disclosure Regulation.
The fund is registered for sale in the main markets across Europe, the United Kingdom and Singapore.
The aim of the fund is to target high carbon efficiency relative to the global high yield universe. Longer term, Muzinich aims to progressively align the portfolio’s climate trajectory to Net Zero by 2050 or earlier, in-line with the goal of the Paris Agreement. In addition to the fund’s core climate objective, it applies a defined set of socially responsible industry and conduct-based exclusion criteria as well as strict ESG risk management standards.
“The fund combines Muzinich’s extensive track record in managing high yield credit portfolios with a focus on developing strategies that meet investor’s climate objectives. With climate change at the forefront, we are focused on evolving our product range to align with the changing needs of our clients. This fund offers a low carbon approach to global high yield while targeting income generation and long-term capital appreciation with limited volatility.”Brian Nold, Portfolio Manager
“At Muzinich, we have a heritage of incorporating socially responsible exclusions into segregated client portfolios. We are increasingly focused on addressing the climate emergency and consider it the duty of investment managers to find ways of supporting a reduction in global carbon emissions in line with the Paris Agreement. Last year, our UCITS fund range saw a strong positive response from our clients in terms of flows partly related to increased commitments to sustainability objectives and reporting. We believe this is a powerful step forward and helps solidify our commitment to reducing the carbon footprint of our broader fund range over time”
“This is in line with the Firm’s recent commitment to the Net Zero Asset Managers Initiative (NZAMI) and important step which we are excited to roll out across our investment offering.”Archie Beeching, Director, Responsible Investing