Sydbank culls 18 percent of EM universe and beats regular benchmark
Applying ESG filters to sovereign bonds is no easy task. Doing the same thing in emerging markets is even more difficult with the regions more vulnerable to ESG issues and local institutions typically less developed. Still, the EMD team at Denmark's Sydbank has taken on the challenge.
Back in 2016, Sydbank’s emerging markets debt team got a request from a small Swiss pension fund. The Nest Sammelstiftung, which describes itself as an ecological-ethical pension fund, asked the Danish asset manager for an ESG-screened product in emerging markets sovereign bonds. Not an easy task, Christian Farø, Senior institutional sales manager at Sydbank explains to AMWatch.
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