LGIM launches net-zero corporate bond fund

Legal & General Investment Management (LGIM) has announced the launch of a global corporate bond fund aimed at net-zero investors. The asset management company’s “Net Zero Global Corporate Bond Fund” will target net-zero emissions by 2050 and is registered in multiple jurisdictions including the UK, Ireland, Germany, Luxembourg, Finland, Italy, Norway and Sweden. Matthew Rees, head of global bond strategies at LGIM said, “In their search for yield, investors are looking to access a well-diversified global credit universe that will provide them with an array of opportunities. At the same time, they want to invest in portfolios that enable them to achieve net zero emissions in line with the Paris Alignment trajectory, as well as reach better ESG outcomes. This fund has been specifically designed to help investors achieve alpha generation, as well as positive climate and wider ESG objectives”.