TwentyFour Asset Management, the London and New York-based specialist fixed income boutique of Vontobel Asset Management, has launched the TwentyFour Sustainable Enhanced Income ABS Fund.
Managed by Ben Hayward and the ABS team, the fund will meet growing demand for sustainable products within fixed income.
The fund looks to provide an attractive alternative to corporate bond funds via a broad portfolio of European asset-backed securities (ABS), with a focus on issuers with high sustainability standards.
Ben Hayward, Partner and Portfolio Manager, said: “We strongly believe that European ABS is currently one of the best relative value opportunities in global fixed income. Extending our ABS range to include a sustainable product was a natural next step for TwentyFour. Our approach explicitly includes ESG criteria; we apply both positive and negative screening to ensure high sustainability standards for issuers, CLO managers and loan servicers.”