In the management of bond strategies, performance is mainly driven by aspects such as duration, currency and ratings. Bonds are often purchased out of new issuance in order to keep costs low. We consider it therefore more practicable to mainly use stable sustainable investment universes for our sustainable bond products instead of broad integration processes.
Our sustainability funds and mandates are based upon a screening approach. For more mainstream investment products, in our view, the screening approach is most convincing. It is by applying this approach only, that a clearly structured investment process can be established.