AXA IM launches ESG-integrated euro-denominated EMD fund

Looks to remove dollar hedging costs

AXA Investment Managers has launched the AXA WF Emerging Markets Euro Denominated Bond fund, which will be available to retail and professional investors across the UK and Europe.

The fund, which aims to provide ethical exposure to emerging market debt while removing US dollar hedging costs, will focus on EM growth opportunities rating B- or higher, thereby avoiding distressed debt names. All holdings will be domiciled in countries where the local currency is either pegged to the euro or received in euros and its focus will be on both corporate and sovereign debt. The fund will also adhere to AXA IM's ESG standards and will apply screening policies to minimise exposure to firms with low ESG scores. AXA WF Emerging Markets Euro Denominated Bond will also only...