Brown Advisory, an independent and privately held global investment management firm that oversees more than USD146 billion in client assets, has launched a Global Sustainable Total Return Bond strategy.
Brown Advisory, an independent and privately held global investment management firm that oversees more than USD146 billion in client assets, has launched a Global Sustainable Total Return Bond strategy.
The strategy takes a global, sustainable and dynamic approach to fixed income, seeking to offer investors access to an attractive stream of income and risk-adjusted returns while simultaneously generating a positive impact on global sustainability issues. It aims to deliver total returns over an economic cycle and act as a complement and counterbalance to equities in an investment portfolio.
This strategy is a natural expansion and complement to Brown Advisory’s long-standing US sustainable fixed income platform, leveraging Brown Advisory’s 10-plus years’ expertise and broad capabilities in sustainable investing.
It is launching initially with a Dublin UCITS fund, denominated in British pounds sterling which is backed with GBP75 million in assets from seed investors. Subsequent launches will include a Dublin UCITS fund denominated in US dollars and other vehicles are under consideration for the US market. The strategy is also available to investors globally as a separately managed account.
The strategy invests in a broad range of liquid fixed income instruments, including conventional and inflation-linked government bonds, securitised and corporate bonds, in both developed and emerging markets, as well as using active currency exposure to deliver returns. As such it will provide differentiated exposure for investors beyond only labelled (‘green’ or ‘social’) bonds.
