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- NN IP includes Green Bonds in recently launched NN (L) Patrimonial Balanced European Sustainable sub-fund
- The inclusion of Green Bonds further enhances the sustainable profile of the fund by providing exposure to bond investments that have a direct and measurable impact on the environment
After having re-launched the NN (L) Patrimonial Balanced European Sustainable fund on 15 December 2016, and observing interest from retail and institutional investors looking for ways to make a positive contribution to the environment, NN Investment Partners has started to include Green Bonds in this sustainable multi-asset fund.
To further enhance the sustainable profile of the fund the firm has added a sub-strategy dedicated to green bonds (mainly issued by SSAs (sub-sovereigns and supra-nationals), which is related to NN IP’s NN (L) Euro Green Bond fund which was launched in March 2016. It was the world’s first ever dedicated euro green bond fund and since its inception has outperformed its benchmark by more than 1.3%[1]. To ensure that the investments are truly green and not green washed, NN IP independently assesses the adherence to the Green Bond Principles of the International Capital Market Association and applies an additional issuer screening on environmental criteria.
Siu-Kee Chan, Senior Portfolio Specialist, Multi-Asset, at NN Investment Partners, comments: “By adding this strategy investors also make a direct and measurable impact on the environment without any additional costs as these bonds are similarly priced as non-green bonds, issued by the same issuer. We also intend to provide our clients with impact reporting. This will add to transparency and will show for example how much annual greenhouse gas emissions will be avoided per euro invested.”
Responsible investing is steadily and irreversibly moving into the mainstream investment area, and with good reason. At NN IP, active engagement with companies it invests in and full integration of Environmental, Social and Governance (ESG) factors in all investment processes has become common sense in investing. This approach emphasizes the firm’s belief that ESG can be seen as an additional source of return.
The nature of the NN (L) Patrimonial Balanced European Sustainable is an all-in-one investment solution, that enables clients to invest responsibly and with impact without financial compromise. Depending on the asset class a specific inclusion approach is used, using both ESG and financial criteria, enabling investment in a diversified portfolio of European equity and Euro denominated fixed income instruments.
NN (L) Patrimonial Balanced European Sustainable is a sub-fund of NN (L) Patrimonial (SICAV), established in Luxembourg and is duly authorized by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Several share classes of the sub-fund are currently registered in Luxembourg, Austria, Belgium, Czech Republic, Greece Spain, France, Sweden, Slovakia and Chile. Please see the prospectus for fund-specific costs and risks. The prospectus and the Key Investor Information Document (KIID) are available on the following website: www.nnip.nl.
