News in brief – 6 November 2020

Engenera Renewable has urged local authority pension funds to sign up to its green bond programme that provides funds for renewable technology projects.

The programme seeks to install a wide range of renewable technology projects at no outlay to the customer, which provides “long-term stable cash flows” as the investment return. Convexity Capital Partners, the arranger of the £100m Engenera Green Bonds notes programme, has already signed up local authority pension funds as investors and is in due diligence with "several more". The initial series of bonds offer investors a 5-year senior secured, asset-backed bond, which is listed on Euronext Dublin (GEM) and the Frankfurt Stock Exchange, paying 7 per cent interest.

Close Brothers Asset Management (CBAM) is launching two new sustainable funds to strengthen its existing fund range.

The launches follow demand from clients and intermediaries for funds with a focus on ESG and sustainable investment strategies. The new sustainable funds will aim to generate consistent long-term returns by screening out unethical practices while focusing on investment opportunities with positive ESG and sustainability records. The funds are part of CBAM’s broader sustainable investment proposition, including a socially responsible investment service and a bespoke investment service that caters for high net worth clients’ ethical and sustainable concerns.

AJ Bell has launched a new Responsible Growth Fund for investors that want diversified exposure to companies with strong ESG credentials.

The firm stated that the carbon footprint of the fund is 40 per cent lower than the global equity index. The AJ Bell Responsible Growth Fund will invest in responsibly screened ETFs which remove stocks from controversial businesses such as tobacco or alcohol. Any company that breaches the UN Global Compact is also excluded. Once these companies are removed, companies that have strong ESG factors are included to give a diversified exposure to different regions and sectors.

    Share Story:

Recent Stories

Responsible investing
Laura Blows speaks to Standard Life head of investment solutions, Gareth Trainor, about the latest responsible investment trends and developments for providers, pension schemes and their members
ESG and member engagement
Laura Blows speaks to Legal &General Investment Management head of DC, Emma Douglas, and Nest Insight Director of Research and Innovation, Jo Phillips, about member attitudes towards ESG and how this may impact upon pension fund investments