RLAM considers realigning High Yield fund as ESG strategy

Sustainable focus

Royal London Asset Management (RLAM) is looking at repositioning its £741.6m Global High Yield bond fund as a sustainable strategy.

RLAM's head of sustainable investments Mike Fox said they are seeing rapid developments in ESG in the fixed income space, while asset growth in existing sustainable strategies has been "exponential". As such, the firm is considering whether to make ESG "a more overt part of product development". The Global High Yield bond fund, which launched in February 2013 and is co-managed by Azhar Hussain and Stephen Tapley, currently targets a combination of capital growth and income, and aims to outperform its benchmark, the BofAML BB-B Global Non-Financial High Yield Constrained index, by 1% p...