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Silk Invest Ltd.

PRI reporting framework 2019

Export Public Responses

You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income

ESG incorporation in actively managed fixed income

Implementation processes

FI 01. Incorporation strategies applied

Indicate (1) Which ESG incorporation strategy and/or combination of strategies you apply to your actively managed fixed income investments; and (2) The proportion (+/- 5%) of your total actively managed fixed income investments each strategy applies to.
SSA
0 Screening alone
0 Thematic alone
0 Integration alone
100 Screening + integration strategies
0 Thematic + integration strategies
0 Screening + thematic strategies
0 All three strategies combined
0 No incorporation strategies applied
100%

01.2. Describe your reasons for choosing a particular ESG incorporation strategy and how combinations of strategies are used.

Silk Invest incorporates ESG analysis into the investment process on both a country and individual company
basis and has made it part of our investment philosophy. Silk Invest complies with United Nations-backed
Principles for Responsible Investment (UN PRI) and sets the following standards as part of our process: 
Principle I - Silk Invest focuses on countries with improving institutions
Principle II - Management quality and alignment of interests is key
Principle III - Silk Invest targets high development impact sectors
Principle IV - Invest in companies with sustainable and innovative business model
Principle V - The enforcement of good governance practices
Principle VI - Alignment to International Standards 

 

 

 

01.3. Additional information [Optional].


FI 02. ESG issues and issuer research (Private)


FI 03. Processes to ensure analysis is robust

03.1. Indicate how you ensure that your ESG research process is robust:

03.2. Describe how your ESG information or analysis is shared among your investment team.

03.3. Additional information. [Optional]


(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
SSA
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

Silk Invest invests solely in sovereign bonds. It is ESG research is mainly focused on macro filters, including the rankings of countries in terms of corruption and ease-of-doing business.

The approach is a best-in-class approach, where the best countries within the univers are selected for investments.

 

 

04.3. Additional information. [Optional]


FI 05. Examples of ESG factors in screening process (Not Completed)


FI 06. Screening - ensuring criteria are met

06.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Checks
Negative/exclusionary screening?
Positive/best-in-class screening

06.2. Additional information. [Optional]


(C) Implementation: Integration

FI 10. Integration overview

10.1. Describe your approach to integrating ESG into traditional financial analysis.

Silk Invest invests solely in sovereign bonds. It is ESG research is mainly focused on macro filters, including the rankings of countries in terms of corruption and ease-of-doing business.

The approach is a best-in-class approach, where the best countries within the univers are selected for investments.

10.2. Describe how your ESG integration approach is adapted to each of the different types of fixed income you invest in.

SSA

Silk Invest invests solely in sovereign bonds. It is ESG research is mainly focused on macro filters, including the rankings of countries in terms of corruption and ease-of-doing business.

The approach is a best-in-class approach, where the best countries within the univers are selected for investments.

10.3. Additional information [OPTIONAL]


FI 11. Integration - ESG information in investment processes

11.1. Indicate how ESG information is typically used as part of your investment process.

Select all that apply
SSA
ESG analysis is integrated into fundamental analysis
ESG analysis is used to adjust the internal credit assessments of issuers.
ESG analysis is used to adjust forecasted financials and future cash flow estimates.
ESG analysis impacts the ranking of an issuer relative to a chosen peer group.
An issuer's ESG bond spreads and its relative value versus its sector peers are analysed to find out if all risks are priced in.
The impact of ESG analysis on bonds of an issuer with different durations/maturities are analysed.
Sensitivity analysis and scenario analysis are applied to valuation models to compare the difference between base-case and ESG-integrated security valuation.
ESG analysis is integrated into portfolio weighting decisions.
Companies, sectors, countries and currency and monitored for changes in ESG exposure and for breaches of risk limits.
The ESG profile of portfolios is examined for securities with high ESG risks and assessed relative to the ESG profile of a benchmark.
Other, specify

11.2. Additional information [OPTIONAL]

ESG analysis is integrated into portfolio construction decisions and regularly featured in internal research notes or similar


FI 12. Integration - E,S and G issues reviewed

12.1. Indicate the extent to which ESG issues are reviewed in your integration process.

Environment
Social
Governance
SSA

Environmental

Social

Governance

12.2. Please provide more detail on how you review E, S and/or G factors in your integration process.

SSA

 

Silk Invest invests solely in sovereign bonds. It is ESG research is mainly focused on macro filters, including the rankings of countries in terms of corruption and ease-of-doing business.

The approach is a best-in-class approach, where the best countries within the univers are selected for investments.

12.3. Additional information.[OPTIONAL]


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