TD Asset Management (TDAM) has launched its first actively managed ESG-related fixed-income product.
According to ESG Today, the TD North American Sustainability Bond Fund, which is designed to earn current income for investors, follows a ‘socially responsible’ approach to investing.
The Fund focuses mostly on a diversified portfolio of North American corporate fixed-income securities, including non-investment grade bonds.
It will invest in issuers which TDAM deems as having ‘strong sustainability characteristics’ and/or demonstrates positive contributions to the UN Sustainable Development Goals as well as in green, social, sustainable and/or sustainability-linked bonds.
The new fund will expand TDAM’s sustainability offering, which also includes TD North American Sustainability Balanced Fund and TD North American Sustainability Equity Fund.
TDAM VP and director, head of ESG research and engagement Priti Shokeen said, “There is a growing importance for investors to have access to ESG-focused funds and adding the TD North American Sustainability Bond Fund to our existing sustainable investing fund lineup gives investors more ways to round out their portfolio with sustainable options.
“The Fund uses fundamental research to select issuers with strong ESG characteristics and is supported by the strength of the Portfolio Management, Credit Research and ESG teams at TDAM.”
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ERM, a pure-play sustainability consultancy, recently acquired sustainable finance and ESG advisory consultancy NINT for an undisclosed fee.
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