Mirova is launching the mutual fund Mirova Green Bond - Global, one of the first funds in the world for green bonds. Through this fund, Mirova is reasserting its pioneering position on the Green Bond market and offering a funding solution for projects with a high environmental impact, while profiting from the performance potential of international bonds.
Why invest in Green Bonds?
Green Bonds have a unique place in the bond market. By ensuring transparency on the destination of the funds raised, these bonds meet the considerable investment requirements for a successful energy transition, whether in energy-efficient projects or low-carbon energies. The Green Bonds market has grown significantly over the past few years: total annual issuance rose from $5 billion in 2011 to $40 billion in 2014. Moreover, the universe has diversified in terms of issuers and ratings, geographies, sectors and types of projects financed.
A strategy dedicated to Green Bonds combining financial and environmental impact
A pioneer on the Green Bond market, Mirova participated in the first issuances of green bonds in 2012, then got involved in market regulatory bodies with the aim of structuring and developing the market, in close cooperation, especially, with the SRI Research Teams of Natixis.
Mirova Green Bond – Global implements active conviction management, with issuance selection as the primary driver of performance. The approach combines the financial and extra-financial views: specific analysis of each project financed, ESG analysis of the issuer, and fundamental analysis to determine the bond’s financial appeal.
Thanks to geographic, sector-based and credit rating diversification, the fund will look to profit from the different international economic cycles.
Mirova Green Bond – Global is managed by Christopher Wigley, who is backed by Mirova’s responsible investment research team (11 analysts).
Christopher Wigley, manager, Mirova Green Bond - Global: "By financing tangible assets, green bonds meet direct and concrete needs: issuers can diversify their investor bases, and investors can actively participate in financing the energy transition. Thanks to a rigorous analysis of the financial and extra-financial aspects of each security, Mirova Green Bond-Global seeks to offer investors a diversified portfolio and aims for attractive yield."
Primary characteristics of the fund:
Legal form: A French SICAV authorised by the AMF registered for sales in France
AMF classification: Bonds and other international debt securities.
ISIN Code – I share, accumulation: FR0010532044
ISIN Code – I share, distribution: FR0010532051
ISIN Code – R share, accumulation: FR0010680561
Maximum subscription fee: I – None, R – 3%
Maximum management fee: I – 0.80%; R – 1.30%
Manager biography
Christopher Wigley, Senior Portfolio Manager
Christopher Wigley began his career in 1987 at Mitsui Bank in London as a manager of fixed-income portfolios invested in US Treasury notes, Investment Grade and High Yield bonds. In 1996, he joined Aloi Insurance Company as Global Governments Fund Manager, Credit Fund Manager. In 2004, Chris joined Epworth Investment Management as ESG and Green Bond Specialist, then became Senior Manager responsible for Fixed Income and Money Market.
Chris joined Mirova in 2014. He has more than 28 years of experience on the fixed-income markets and 10 years in SRI portfolio management.
Chris is a graduate of the University of Essex in England.
