KEPLER's first ethical bond fund - KEPLER Ethik Rentenfonds - was issued in May 2003, therefore, nearly 13 years ago. KEPLER was aware of the importance of sustainable investments quite early and also was aware of its responsibility to promote this kind of investment strategy. In the course of the years, different ethical special funds for institutional investors were issued.
High transparency, independent partners (such as oekom research AG) and an ongoing dialogue with the partners as well as a continuous development of the investment approach are vital for the success of KEPLER's ESG investment approach. As far as ethical bond management is concerned, KEPLER makes use of a wide range of exclusion criteria, which are screened and therefore the basis for all investments in KEPLER Ethik Rentenfonds as well as different special funds (partly with their only individualised exclusion criteria). Exclusion criteria vary between criteria applicable for countries and criteria applicable for companies. ESG analysis doesn't vary across issuer types (meaning, criteria apply for any bond/issuer). We experienced that with this strategy, our understanding of ethical investment is covered best.
Other strategies or combinations of strategies are not applied with KEPLER.