In addition to our ESG integration, we serve as investment manager for various screened investment portfolios, where we invest in, or exclude certain types of companies or countries based on pre-agreed guidelines and criteria from the client. Approximately 18% of FI assets under management are subject to an SRI screen.
Wellington Management sub-advises Domini Impact Investment's three US mutual funds- two equity, one fixed income. The Domini Impact Bond Fund is a domestic, intermediate term FI fund, with a focus on community economic development. The objective is to create a FI vehicle aligned with the goals of seeking universal human dignity and environmental sustainability, while achieving competitive financial returns. Potential investments are screened by Domini for approval based on Domini's own ESG criteria. Potential investments may be screened due to negative factors, and the approach seeks to proactively invest in issuers having a positive impact on society.
We also developed a global FI approach, AB-SEAS (Advanced Beta- Sustainable Environmental and Social Credit), designed to generate returns in line with the global investment grade corporate bond market by investing in industry leaders in their commitment to environmental and social sustainability, while avoiding companies with poor environmental and social sustainability practices.