At Galliard, we believe that fixed income’s role is to generate income while providing safety of principal. This belief is reflected in our conservative approach to issuer selection, diversification and other risk controls. We also consider issuers that recognize and properly address ESG-related risks as simply better managed entities (companies), and worthy of our investment dollars. Long before the ESG acronym was even created, Galliard already incorporated this aspect in the mosaic approach that it continues to use to underwrite these issuers.
On behalf of our clients, Galliard is also concerned with the long-term sustainability of those entities that we allocate capital to. Although we are not equity investors, our buy-and-hold approach to fixed income forces us to maintain a long-term view on ESG-related issues that could jeopardize our investments.