London-based sustainable investment manager EdenTree is changing the name of its Global Select Government Bond Fund to reflect the adoption of a new ‘Sustainability Focus’ label under the Financial Conduct Authority’s Sustainability Disclosure Requirements (SDR) regime. From 3 February, the fund will be called the EdenTree Global Sustainable Government Bond Fund. The fund, which was only launched in October, targets at least 80% asset exposure to government and government-related green, social, sustainable or impact bonds. The proceeds of these go towards financing projects that support a reduction in carbon emissions caused by human activities and/or enable greater access to services that empower communities around the world. “From launch, the fund has been run with a comprehensive approach to sustainability, both actively targeting investment in bonds designed to make a positive contribution to the world, while employing strict negative screening criteria,” said James Tomlinson, Head of Wholesale Distribution at EdenTree. The label is needed to “fully crystalise for investors the truly sustainable credentials of this portfolio”, said Tomlinson. The fund is managed by EdenTree’s Head of Fixed Income, David Katimbo-Mugwanya.
