FUNDS - CROWD - Green Bond Impact Fund
Last update on: 22/05/2018

Fundname
CROWD - Green Bond Impact Fund

Investment Trusts
Heydt Invest SA
Emittent
Asset Impact GmbH
Asset Manager
Heydt Invest SA

Fund data (Fixed Income Fund)

   
Fund size

(as of 30/04/2018)

4.40 mil. EUR
Share class size

(as of 30/04/2018)

4.40 mil. EUR
ISIN LU1300281794
Fund price (as of 22/05/2018)
Offer 96.49 EUR
Bid 96.49 EUR

Growth (as of 22/05/2018) *

   
10 Years n.s.
5 Years n.s.
3 Years n.s.
1 Year -3.18 %
Current year -1.08 %
Benchmark none

* in Euro (€)

Master data of Funds
ISINLU1300281794
Launch date 30/12/2015
Available in AT, DE, LU
Fund type Fixed Income Fund
Kind of fund Sustainability and ethical funds / Sustainability-/ Ethical fund
Aim of investment The CROWD - Green Bond Impact Fund is an actively managed UCITS fund which is based on the very idea of sustainability: Aiming at economic success as well as for ecological and social progress. Therefore, the fund aspires to a rather steady long-term appreciation by following an investment strategy that, at the same time, looks for and does achieve a sustainable impact.
Investment strategy The fund invests in Euro nominated bonds only. While the focus is clearly on Green Bonds, small issues can also be considered if they make a clear sustainable impact as well. The bonds, especially the Green Bonds, are checked on sustainability to avoid shortcomings like greenwashing.

The fund's portfolio is supposed to show a median rating of "A" and a (modified) duration of 5 on average. An active duration management is applied to avoid considerable losses caused by market rate changes.
Investment process The fund's portfolio shall be well balanced regarding countries and regions as well as industries and, last but not least, ecological and social topics.

The investment process starts with the selection of €-nominated Bonds with a promising economic outlook. In a second step, ecological and social impact of these bonds is analysed with a special focus on potentially controversial impact. This is done on the basis of oekom research's Sustainability Bond Rating and Second Party Opinions, if available. The result of the analysis determines whether a bond is eligible for portfolio management.

The active duration management is driven by a quantitative model. Its central influencing factors are the development of the economic expectations, the sentiment bias of institutional investors and the relative movement of market yields. This can be seen as a balanced mix of momentum and contrarian strategies. The model's results are put into action by selling future contracts like, e.g., the BUND future, which may only be done in order to hedge risks.
Positive criteria absolute Best-in-Class-approach according to oekom research
Negative criteria for stocks and corporate bonds Governance:
- corruption and bribery
- violations of the UN Global Compact

Ethical and Social:
- alcohol/spirits*
- exploitative child labour
- gambling*
- weapons of mass destruction (ABC/CBRN)
- pornography*
- cluster bombs and anti-personnel mines
- tobacco products*
- animal experimentation*
- violations of human rights
- violations of the ILO protocol
- weapons/armaments

Environment:
- chlorine or agrochemicals (e.g. biocides)*
- fossil fuels*
- genetic engineering (agriculture)*
- nuclear energy (operation or component manufacture)*

Other:
- environmentally harmful conduct

Negative criteria for government bonds n.s.
Research done by oekom research AG
 

This fund profile is aligned with the fund company.

 

 

*no exclusion but part of the analysis

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