AXA Investment Management launches two global green funds

By Penny Pryor

AXA Investment Managers has launched the AXA IM Global Green Bond Fund and the AXA IM Clean Economy Equity Fund to Australian investors.

The AXA IM Global Green Bond Fund seeks income and growth from an actively managed portfolio of global green bonds through a master-feeder structure. Green bonds are bonds used to finance projects that offer environmental benefits.

"As the battle against climate change drives solid growth in the worldwide green bond market, the universe is increasingly well diversified across regions, sectors and industries and now makes for a credible alternative to the conventional bond universe," Paris-based portfolio manager, Johann Ple, said.

The AXA IM Clean Economy Equity Fund invests in a high conviction portfolio of typically 40-60 listed equity and equity-related securities of companies in the clean economy.

"The underlying fund invests in public-listed companies that have high potential for growth as they support, through innovative solutions, the drive towards decarbonisation and resource optimisation, as well as the decrease in waste and pollution," UK-based portfolio manager, Amanda O'Toole, said.

Michelle Lacey, head of client group, AXA IM Core, Australia, said the fund launches underpinned the asset management's commitment to provide Australian investors the potential to deliver more sustainable financial returns over the long-term.