Invesco has launched a new fixed income strategy designed to aid the push to global net-zero greenhouse gas emissions by 2050 or sooner.
The strategy, called Invesco Net Zero Global Investment Grade Corporate Bond fund, is classified as Article 9 under the Sustainable Financial Discsloures Regulation, and will focus on high-quality issuers meeting its net zero framework.
A team of four comprised of Citywire + rated Lyndon Man and Luke Greenwood, as well as Michael Booth and Matthew Henly, will be in charge of investment decisions. Man and Greenwood are named across a host of strategies at Invesco, which cover European, global and UK debt.
The managers will have support from Invesco’s global ESG team and the Invesco fixed income platform, which has £404.3bn (€468bn) in assets under management.
The strategy, which adds to a range of ESG and sustainable options within Invesco’s offering, is registered in Luxembourg, Switzerland and the UK, as well as other European countries.
The company said it is responding to the growing demand from clients across retail, pension funds and insurers, to provide a wider array of sustainable investment ideas.
Fund manager Lyndon Man commented: ‘The transition to net zero is a global initiative, impacting all sectors and geographies.
‘Our approach acknowledges this and will individually assess corporates we invest in on their alignment with the objective of achieving a successful transition to net zero.
‘We believe that by taking this approach, and by strengthening our engagement with corporates on this journey, we will reach our target.’