LBPAM SRI Obli February 2029 :
a new bond maturity fund, supported by a more opportune market cycle

ISR 22.05.2023
LBPAM ISR Obli Février 2029 : un nouveau fonds obligataire à échéance,  soutenu par un cycle de marché plus opportun

La Banque Postale Asset Management (LBP AM) and Louvre Banque Privée announce the launch of LBPAM SRI Obli February 2029

This new bond fund with a maturity mainly invested in High Yield securities (high yield or speculative*), is designed and managed by LBP AM and distributed by Louvre Banque Privée.

LBPAM ISR Obli Février 2029 will be offered to Louvre Banque Privée customers within the life insurance policies and capitalisation policies of partner insurers. The marketing period runs until 15 July 2023. LBPAM ISR Obli Février 2029 is one of the few bond maturity investment solutions to have been awarded the SRI Label. The fund meets the reporting requirements of article 8 of the SFDR regulation and stands out for its measured risk profile (SRI 2), as well as an unprecedented level of sustainability for this asset class (minimum 25%).

Positive momentum

The launch of this offer comes at a time considered favourable for investors, given the context of the bond markets. In particular, the steady rise in interest rates over the last few quarters has allowed spreads** to widen, paving the way for attractive entry points.

"The interest rate normalisation cycle has enabled the asset class to regain its appeal, after almost fifteen years of remarkably low rates. In the interests of investors, we wanted to roll out this solution at the right time, i.e. not too early, to allow the volatility seen at the start of the interest rate recovery to fade." says Vincent Cornet, Head of Asset Management at LBP AM.

"This new offering enables our customers to diversify their investments towards an asset that combines a search for security with a strong demand for sustainability, within a tax-advantaged framework. This collaboration with LBP AM is part of a meaningful approach and a sharing of positive and socially responsible values," adds Aurélie Tristant, Member of the Executive Board at Louvre Banque Privée.

LBP AM's distinctive SRI approach

In detail, the fund is invested in bonds and other international debt securities (private and public), mainly European and of mixed Investment Grade and High Yield* category. Its strategy is based on fundamental, discretionary management, conviction and selectivity of securities. The result is a relatively concentrated portfolio of around sixty positions. The fund's bond-picking** gives pride of place to European leaders whose credit quality is generally in the highest-rated High Yield segment.

The fund also features a longer maturity, close to 5.5 years, than most dated bond funds in the market, helping to optimise sources of long-term yield. The aim is to seek return opportunities in line with recommended investment conditions***, while implementing LBP AM's characteristic SRI approach.

This approach is based on extra-financial analysis criteria, making it possible to identify issuers whose sustainable development practices are judged to be among the best (according to LBP AM's assessment). To do this, LBP AM uses its proprietary evaluation method developed by its teams ("GREaT"), focusing on responsible governance, sustainable resource management, energy transition and regional development.

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