LGIM launches Net Zero Global Corporate Bond fund

Targeting net zero by 2050

Legal & General Investment Management launched a new credit fund offering investors access to a fixed income product targeting net zero emissions by 2050.

L&G Net Zero Global Corporate Bond will have a broad credit allocation in which all the assets are targeting net zero emissions by 2050, as well improved portfolio temperature alignment through decarbonisation objectives and enhanced long-term outcomes through meaningful engagement with the companies in the portfolio. LGIM said that this fund launch has been driven by client demand and for ‘climate aware solutions'. No energy company 'in their right mind' would set up in the UK now Targeting wealth managers alongside institutional investors across the UK and Europe, the fund will o...