In accordance with Aktias Principles of Responsible Investments, when it comes to corporate bonds we do not invest in companies whose main activity is weapons production, gambling or tobacco. We also do not invest in companies that employs child labor. Within corporate credit we further avoid investments in alcohol producers, predatory lending and companies whose operations are based on coal. Nonetheless, we do invest in so-called transition companies.
In emerging market sovereign debt, countries are listed to four groups based on quantitative and qualitative assessment (traffic light approach): green = investable, yellow = Investments possible, active monitoring on development, red = No government funding (FX positions/AAA investments possible), black = Non-investable. The traffic light approach defines investable and non-investable markets; market pricing and instrument selection defines attractiveness of the investment.