Mirova Green Bond - Global, the first green bond fund awarded the Novethic label
Mirova, a subsidiary of Natixis Asset Management dedicated to responsible investment, has received the Novethic Green Fund Label 2015 for its fund Mirova Green Bond - Global.
Mirova Green Bond - Global has thereby become the first green bond fund awarded the Novethic label1.
The Novethic Green Fund Label has since 2013 been awarded to funds financing companies that provide solutions to environmental issues such as energy transition and natural resources management. Awarded by the research centre Novethic, an expert body that is independent from management companies, this label provides a guarantee for investors of the quality and transparency of these funds’ environmental characteristics and their contribution to sustainable development.
A pioneer in the green bond market2, Mirova participated in the first green bond issues in 2012 and then became involved in market bodies with the aim of structuring and developing the market, in close cooperation with Natixis SRI research in particular. Mirova Green Bond - Global is a thematic international bond fund dedicated to the financing of environmental transition. It applies an active, conviction-based management whose main performance driver is selecting issues that have a double impact: financial and environmental. This approach combines financial and non-financial views: analysis of each project financed, ESG (environmental, social and governance) analysis of the issuer carried out by Mirova, fundamental analysis to determine the bond’s financial attractiveness.
Mirova Green Bond - Global is managed by Christopher Wigley, supported in particular by Mirova’s responsible investment team (11 analysts).
Christopher Wigley, manager of Mirova Green Bond - Global, explains: "We are proud to receive the first Novethic Green Fund Label awarded to a green bond fund. By financing tangible assets, green bonds address direct and concrete needs: they enable issuers to diversify their investor bases and investors to actively take part in energy transition financing. This Novethic label rewards our rigorous analysis of the non-financial aspects of each of the bonds in our portfolio.”
Characteristics of the fund:
|
Management company |
Mirova |
|
ISIN code |
IC - FR0010532044 ID - FR0010532051 |
|
Legal structure |
SICAV (open-ended investment fund) governed by French Law |
|
UCITS/AIF |
UCITS |
|
Date of creation of the sub-fund |
25 May 1984 |
|
French Financial Markets Authority (AMF) classification |
International bonds and debt securities. |
|
Reference currency |
EUR |
|
Valuation |
Daily |
|
Centralisation deadline |
12:00 p.m. |
|
Management fee (max) |
0.80% |
|
Subscription fee (max) |
None |
|
Redemption fee (max) |
None |
|
Risk level3 |
3 |
Mirova Green Bond - Global is a SICAV (open-ended investment fund) governed by French Law whose management is delegated to Mirova. It has been approved by the French Financial Markets Authority (AMF) and can be distributed exclusively in France. It presents a risk of capital loss.
Please refer to the full prospectus for additional details on risks. For further information on this fund, please refer to the legal and marketing documentation and the financial reporting available on our website www.mirova.com.
1 www.novethic.fr
2 Green bonds are bonds that finance green growth via specific projects addressing environmental issues.
3 The risk and reward scale (profile) is an indicator ranging from 1 to 7 that corresponds to increasing risk and return levels. It is the result of a regulatory methodology based on annualised volatility calculated over five years. The indicator is regularly checked and may change. In accordance with current regulations, the customer may upon written request receive details of the compensation relating to the distribution of this product.
Mirova offers a global responsible investing approach involving Equities, Fixed Income, General and Renewable Energy Infrastructure, Impact Investing, and Voting and Engagement. It has €5.6 billion in assets under management and €42.9 billion in Voting and Engagement. Its team of circa 50 multidisciplinary experts include specialists in thematic investment management, engineers, financial and environmental, social and governance analysts, project financing specialists and experts in solidarity finance.
Natixis Asset Management ranks among the leading European asset managers1 with €328.6 billion in assets under management and 649 employees2. Natixis Asset Management offers its clients tailored, innovative and efficient solutions organised into six investment divisions:
Fixed income, European equities, Investment and client solutions, Structured products and volatility developed by Seeyond, Global emerging developed by Emerise, and Responsible Investing developed by Mirova.
1 Source: IPE Top 400 Asset Managers 2015 ranked Natixis Asset Management as the 46th largest asset manager based on global assets under management, and by the country of the main headquarters and/or main European domicile, as of 31 December 2014.
2 Source: Natixis Asset Management - Natixis Asset Management Asia Limited as of 30 June 2015.
Reference to a ranking does not indicate the future performance of the fund manager.
Seeyond is a brand of Natixis Asset Management. Emerise is a brand of Natixis Asset Management and Natixis Asset Management Asia Limited with teams in Paris and Singapore. Natixis Asset Management Asia Limited is an asset manager, 100% subsidiary of Natixis Asset Management.
Mirova is a subsidiary of Natixis Asset Management.
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Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
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