Mirova launches Mirova Green Bond – Global, one of the first funds invested in green bonds
Mirova is launching the mutual fund Mirova Green Bond - Global, one of the first funds in the world for green bonds. Through this fund, Mirova is reasserting its pioneering position on the Green Bond market and offering a funding solution for projects with a high environmental impact, while profiting from the performance potential of international bonds.
Why invest in Green Bonds?
Green Bonds have a unique place in the bond market. By ensuring transparency on the destination of the funds raised, these bonds meet the considerable investment requirements for a successful energy transition, whether in energy-efficient projects or low-carbon energies.
The Green Bonds market has grown significantly over the past few years: total annual issuance rose from $5 billion in 2011 to $40 billion in 2014. Moreover, the universe has diversified in terms of issuers and ratings, geographies, sectors and types of projects financed.
A strategy dedicated to Green Bonds combining financial and environmental impact
A pioneer on the Green Bond market, Mirova participated in the first issuances of green bonds in 2012, then got involved in market regulatory bodies with the aim of structuring and developing the market, in close cooperation, especially, with the SRI Research Teams of Natixis.
Mirova Green Bond – Global implements active conviction management, with issuance selection as the primary driver of performance. The approach combines the financial and extra-financial views: specific analysis of each project financed, ESG analysis of the issuer, and fundamental analysis to determine the bond's financial appeal. Thanks to geographic, sector-based and credit rating diversification, the fund will look to profit from the different international economic cycles.
Mirova Green Bond – Global is managed by Christopher Wigley, who is backed by Mirova's responsible investment research team (11 analysts).
Christopher Wigley, manager, Mirova Green Bond - Global: "By financing tangible assets, green bonds meet direct and concrete needs: issuers can diversify their investor bases, and investors can actively participate in financing the energy transition. Thanks to a rigorous analysis of the financial and extra-financial aspects of each security, Mirova Green Bond-Global seeks to offer investors a diversified portfolio and aims for attractive yield."
Primary characteristics of the fund:
Legal form: A French SICAV authorised by the AMF registered for sales in France
AMF classification: Bonds and other international debt securities.
ISIN Code – I share, accumulation: FR0010532044
ISIN Code – I share, distribution: FR0010532051
ISIN Code – R share, accumulation: FR0010680561
Maximum subscription fee: I – None, R – 3%
Maximum management fee: I – 0.80%; R – 1.30%
The Fund invests mainly in Global fixed-income securities. These investments are especially sensitive to changes in interest rates, and the fund could lose value if interest rates increase. The Fund is exposed to specific risks, such as capital loss, discretionary management, interest rate, inflation, volatility, credit, counterparty, Fund overexposure, emerging country, and forex. Investors' capital is not guaranteed. For a more complete description of risks, read the Fund's prospectus.
The KIID and other regularly released fund documentation are available on request from Mirova. Investors are required to read the KIID, which must be provided to you, before subscribing. www.mirova.com
Christopher Wigley, Senior Portfolio Manager
Christopher Wigley began his career in 1987 at Mitsui Bank in London as a manager of fixed-income portfolios invested in US Treasury notes, Investment Grade and High Yield bonds. In 1996, he joined Aloi Insurance Company as Global Governments Fund Manager, Credit Fund Manager. In 2004, Chris joined Epworth Investment Management as ESG and Green Bond Specialist, then became Senior Manager responsible for Fixed Income and Money Market.
Chris joined Mirova in 2014. He has more than 28 years of experience on the fixed-income markets and 10 years in SRI portfolio management.
Chris is a graduate of the University of Essex in England.
Mirova offers a global responsible investing approach involving Equities, Fixed Income, Infrastructure, Impact Investing, and Voting and Engagement. It has €5.2 billion in assets under management and €42.9 billion in Voting and Engagement. It has a team of some 50 multidisciplinary experts (specialists in thematic investment management, engineers, financial and environmental, social and governance analysts, project financing specialists and experts in solidarity finance).
With assets under management of €335.5 billion and 648 employees (1), Natixis Asset Management ranks among the leading European asset managers.
Natixis Asset Management offers its clients (institutional investors, companies, private banks, retail banks and other distribution networks) tailored, innovative and efficient solutions organized into 6 investment divisions: Fixed Income, European Equities, Investment and Client Solutions, Structured and Volatility (developed by Seeyond(2)), Global Emerging Equities, and Responsible Investing (developed by Mirova(3)).
(1) Source: Natixis Asset Management – 31/03/2015
(2) Seeyond is a brand of Natixis Asset Management.
(3) Mirova is a subsidiary of Natixis Asset Management.
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About Groupe BPCE
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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