In line with its responsible investor philosophy, Mirova is committed ...
Desjardins Global Asset Management chooses Mirova for delegated management of a green bond fund
Mirova, an asset management company dedicated to responsible investment, is announcing today that it was selected by Desjardins Global Asset Management to provide delegated management of an international green bond fund, the Desjardins SocieTerra Environmental Bond Fund, for a total of 100 million Canadian dollars.
The Desjardins SocieTerra Environmental Bond Fund puts the Global Green Bond strategy managed by Mirova into action. This fund will receive the recognized expertise of Mirova's bond specialist teams, which are leaders in the area of green bonds.
Like Mirova's Global Green Bond strategy, the Desjardins SocieTerra Environmental Bond Fund will be steered with active management and conviction management. The fund's main performance driver will be investment in debt securities that support the environmental and energy transition, described as green bonds by Mirova's responsible investment research team. As such, the management approach will combine financial and non-financial tactics: specific analysis of each project financed, ESG analysis of the issuer, and fundamental analysis to determine the bond's financial attractiveness. The fund will try to benefit from different international economic cycles by diversifying in terms of geography, economic sector, and credit rating.