Threadneedle (Lux) European Social Bond Fund
At a glance
Reasons to invest
- Innovative approach: The fund unlocks the full potential of bonds with the aim to deliver both financial returns and positive social outcomes. Using a dynamic social research methodology to guide investment decisions, the portfolio manager actively sources bonds that combine clear social benefits with sound financial attributes.
- Strength in partnership: Our strong reputation across both fixed income credit and social investment is enhanced by our social partnership with INCO*, an organisation focused on the European social economy and a leader in assessing sustainable social businesses.
- Proven track record in social bond investing: We have managed outcomes-focused social bond strategies for over three years and have delivered risk-adjusted returns for our investors.
Investment approach
In parallel to this our Investment Grade Credit team evaluates these bonds using our established credit research process to ensure that investment ideas meet the necessary financial and liquidity requirements for inclusion within the portfolio.
The fund’s social partner INCO further researches and assesses the social outcomes of investments made, as well as forming part of the Social Advisory Panel to review, advice and monitor the fund’s investments from a social performance perspective. This ensures that resulting outputs, outcomes and impacts are framed against a widely recognised framework developed for the EU Commission. This will shape the final assessment of the social benefit and outcome and form the basis on which INCO will assess and report on the social performance of the investments and fund.
Key facts
Launch date | 23 May 2017 |
Benchmark index | Composite index comprising: 50% Bank of America Merrill Lynch Euro Non-Sovereign Index; 50% Bank of America Merrill Lynch Euro Corporate Euroland Issuers Index |
Number of holdings | 60-100 (at launch) |
Liquidity | Daily |
Investable social universe | Benchmark constituents and selective off-benchmark bonds. The fund can access corporate bonds in a manner consistent with UN Sustainable Development Goals. |
Social partnership | INCO acts as the social partner to the fund and is responsible for researching and assessing the social outcomes of investments on a post-trade basis, as well as forming part of the Social Advisory Panel to review, advise and monitor the fund’s investments from a social performance perspective. |
Share classes available
Share | Class | Curr | Tax | AMC | Entry charge | Min Inv. | Launch date | ISIN | SEDOL | BBID | WKN/Valor/CUSIP | Hedged |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IE | Acc | EUR | Gross | 0.40% | 0.00% | 100.,000 | 23.05.17 | LU1589836722 | BYQH648 | TEUSCIE LX | A2DPC6 | No |
IEP | Inc | EUR | Gross | 0.40% | 0.00% | 100.000 | 23.05.17 | LU1589837290 | BYQH671 | TEUSIEP LX | A2DPC9 | No |
ZE | Acc | EUR | Gross | 0.40% | 0.00% | 1.500.000 | 23.05.17 | LU1589837373 | BYQH682 | TEUSCZE LX | A2DPDA | No |
LE | Acc | EUR | Gross | 0.30% | 0.00% | 100.000 | 23.05.17 | LU1589837613 | BYQH6C6 | TEUSCLE LX | A2DPDD | No |
Fund Manager
Simon Bond joined the company in 2003 and has been the portfolio manager of the Threadneedle UK Social Bond Fund since its launch in 2013, as well as the Threadneedle (Lux) European Social Bond Fund which launched in 2017. Having previously managed a number of institutional and retail investment grade corporate bond portfolios, Simon now concentrates his focus on managing Columbia Threadneedle's social bond portfolios and developing other responsible investment strategies across the firm.
Simon has 34 years' experience in the fund management industry, with the last 29 years specialising in corporate credit. Throughout his career, Simon has taken a keen interest in the social investment space and as an analyst the first entity Simon reported on was Peabody Trust and the first sector he covered was housing associations. Simon is particularly passionate about the role of infrastructure in both regeneration and economic growth.
Prior to joining the firm, Simon managed £6 billion in his role as the Senior UK Credit Fund Manager for AXA. Simon also worked for GE Insurance as a Portfolio Manager, Provident Mutual as a Fixed Income Analyst and Hambros Bank as an Investment Accountant and Pension Fund Investment Administrator.
Simon is a Fellow of the Chartered Institute for Securities and Investment, holds the Investment Management Certificate and the General Registered Representatives Certificate.
Important Information