Product

Affirmative Investment Management (AIM) Launches AIM US$ Liquid Impact Fund LLC

May 16, 2018

LONDON, UK – Today, Affirmative Investment Management (AIM) announces the launch of its latest impact fund:  the Delaware based AIM US$ Liquid Impact Fund LLC (US$ LIF).  The market for fixed income impact investments has been growing rapidly. US$ LIF is managed by AIM’s portfolio management team, led by Justin Eeles, Partner.  AIM has a track record of managing impact bond strategies since 2015.

The US$ LIF only invests in high grade issuances that have been evaluated and approved by AIM’s in-house Verification team. In addition to sustainability criteria, the evaluation process focuses on the engagement and transparency of reporting by the issuer and the measurable impact of the underlying proceeds. To align with AIM’s mission to help mobilise capital to address the major challenges the world faces, the fund supports those issuers that have demonstrated a commitment to aiding the transition to low carbon growth and supporting the UN Sustainable Development Goals.

The launch of the US$ LIF is testiment to AIM’s commitment to offer a pure play debt impact product across the entire yield curve.  We hope this will lead to an increased supply at the short end, helping to broaden, deepen and grow the overall impact bond market, something AIM is committed to facilitating.
— Stuart Kinnersley, Managing Partner

AIM has been running the Liquid Impact strategy for almost 3 years. Last July, AIM issued the landmark annual impact report for this strategy. This incorporated the Carbon Yield metric which AIM helped develop with key partners:  Lions Head Global Partners and South Pole Group (now ISS Ethix), and funded by The Rockefeller Foundation.

The Lombard Odier Global Climate Bond Fund, managed by AIM, was awarded ‘Green Bond Fund of the Year’ by Environmental Finance in March 2018. AIM has also recently announced a strategic Alliance Partnership with Colonial First State (CFS) and the launch of the Affirmative Global Bond Fund in Australia on the CFS platform.

 

Contact

Alya Kayal at Alya.kayal@affirmativeim.com

 

About Affirmative Investment Management

Affirmative Investment Management Partners Limited (AIM) is the first dedicated impact bond manager focusing solely on bond and cash investments that generate positive environmental and social externalities. It is an independent partnership established in 2014 with 19 investment professionals and is headquartered in London with representatives in Washington and Sydney.

AIM investments support the 17 UN Sustainable Development Goals (SDGs) and the Paris Agreement on climate change (UN COP 21) and their approach is a fusion of mainstream portfolio management and sustainability principles.

AIM will provide an Annual Impact Report on the US$ LIF’s impact from activities funded, such as water saved, and CO2 emissions avoided. This also allows AIM to ensure the bonds continue to meet the Fund’s sustainability and ESG criteria and align to UN SDGs.

Colonial First State announces new Alliance Partner offering

CFS logo keyline.jpg
1347_AIM Logo.png

Colonial First State (CFS) has unveiled its latest strategic Alliance Partnership with Affirmative Investment Management (AIM), to facilitate a new global fixed income offering, the Affirmative Global Bond Fund. This partnership brings the world’s first dedicated impact bond fund manager to retail investors in Australia and addresses a growing demand for impact investing.

AIM’s unique investment approach focuses solely on fixed income and cash investments that generate positive environmental impacts and social benefits, without compromising financial returns - it is a fusion of mainstream portfolio management and sustainability. Drawing on the experience of a team of leading experts in investment, sustainability and fixed income portfolio management, AIM strives to deliver positive solutions to global challenges.

CFS’s Affirmative Global Bond Fund is a diversified investment grade portfolio investing for the medium to long-term. Its investable universe consists only of issuers and issues that meet strict ESG and impact criteria.

The new Fund reflects the growing demand for investment products that adopt meaningful and measurable sustainable practices.
It enables our investors who wish to make a positive impact on society and the environment to mobilise their capital with a clear understanding of how their assets will be deployed, without compromising on risk or returns.
Our strategic partnerships are with highly specialised global investment managers that enable exclusive access to a broader suite of funds and we are delighted to be bringing the Affirmative Global Bond Fund to the Australian market.
— Peter Chun, General Manager Distribution, Colonial First State
Responsible investing has often been perceived as coming at a cost: either lower returns or increased risk. Our approach seeks to combine mainstream portfolio management and impact, without compromising either. Our partnership with CFS is an exciting opportunity to finance positive solutions to global challenges with a trusted Australian partner.
— Stephen Fitzgerald, Co-Founder and Managing Partner, AIM

The Affirmative Global Bond Fund will initially be offered on CFS’s FirstChoice and FirstWrap platforms from May 2018, alongside other Alliance Partners of Colonial First State, including Acadian, Aspect, Generation and Sanlam.

The establishment of an Alliance Partnership in the impact bond space forms part of CFS’s strategy to address climate change by helping Commonwealth Bank of Australia fund $15 billion of low carbon projects by 2025.

Editor’s Note: Stephen Fitzgerald will be presenting at the Colonial First State Investment Roadshow early in May. Please contact media@cba.com.au for further information.

 

Contact:

CBA Media - media@cba.com.au, +61 2 9118 6319

AIM - kate.temby@affirmativeim.com, +61 2 8074 3860

 

 

About Colonial First State

Colonial First State (which includes Colonial First State Investments Limited ABN 98 002 348 352 AFSL 232468 (CFSIL) and Avanteos Investments Limited ABN 20 096 259 979 AFSL 245531 (Avanteos) (trading as Custom Solutions) is the issuer of investment, superannuation and retirement products to individuals and corporate and superannuation fund investors, as well as being the operator and administrator of investment platforms.

CFSIL and Avanteos are owned ultimately by Commonwealth Bank of Australia ABN 48 123 123 124. The Commonwealth Bank of Australia and its subsidiaries do not guarantee performance or the repayment of capital of Colonial First State (including CFSIL and Avanteos).

This document may include general advice but does no take into account your individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement (PDS) available from the product issuer carefully and assess whether the information is appropriate for you and consider talking to a financial adviser before making an investment decision. PDSs for Colonial First State products are available at www.colonialfirststate.com.au.

About Affirmative Investment Management

Affirmative Investment Management Partners Limited (AIM) is the first dedicated impact bond manager focusing solely on bond and cash investments that generate positive environmental and social externalities. It is an independent partnership established in 2014 with 19 investment professionals and is headquartered in London with offices in Washington and Sydney.

AIM investments support the 17 UN Sustainable Development Goals (SDGs) and the Paris Agreement on climate change (UN COP 21) and their approach is a fusion of mainstream portfolio management and sustainability principles.

AIM delivers mainstream financial returns with positive environmental and social impact. Through its ongoing engagement with bond issuers to provide transparency and reporting, AIM provides an Annual Impact Report on the portfolio’s impact from activities funded, such as water saved and CO2 emissions avoided. This also allows AIM to ensure the bonds continue to meet the Fund’s sustainability and ESG criteria and align to UN SDGs.

Green Bond Fund of the Year

The Lombard Odier Climate Bond Fund, managed by Affirmative Investment Management (AIM), has been named ‘Best Green Bond Fund of the Year’ in the Environmental Finance 2018 annual awards.

With the winners of these prestigious awards decided by a panel of major participants within the green bond market, this accolade is clear recognition of AIM’s pre-eminence in impact bond investing. We believe it endorses AIM’s pure play focus, investing only in green and social impact bonds which withstand our rigorous in-house verification process, as well as our commitment to providing detailed impact reporting on every strategy we manage.

Please find below a link with more detailed information about the Environmental Finance announcement and do not hesitate to contact us if you would like to discuss this, or other recent developments within AIM.

Environmental Finance - Green Bond Fund of the Year