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UBAM - EM Responsible Corporate Bond AC USD

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Une stratégie centrée sur les sociétés qui, au travers de leurs produits et/ou solutions, contribuent à répondre aux enjeux majeurs du monde actuel, comme la raréfaction des ressources, le changement climatique et la pauvreté

La résolution de ces problématiques nécessitera des dépenses d’investissement considérables, et le fonds vise à générer des performances supérieures en investissant dans les sociétés qui bénéficieront pleinement de ces dépenses, autrement dit celles qui seront les grandes gagnantes de la nouvelle donne mondiale.

 Veuillez consulter ici le document "Code de transparence" (en français). La stratégie a obtenu un label européen majeur: le label ISR français. 

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Sustainability-related product disclosures

Performance

UBAM - EM Responsible Corporate Bond AC USD
VNI - Valeur Nette d'Inventaire
Date
Source des données : UBP SA
Performance historique MTD YTD 1 an 3 ans 5 ans Depuis lancement
Performance historique 0.78% 2.54% -11.98% -3.50% -0.38%
12 mois glissants 02.22 - 02.23        
12 mois glissants -11.98%
Disclaimer

Les données de performance inférieures à une année sont publiées cumulées, alors que les performances supérieures à une année sont publiées annualisées (actuarielles).

DISCLAIMER

Performanceangaben unter einem Jahr sind kumuliert, über einem Jahr sind annualisiert.

Vergangene Performance ist nicht zwingend ein Hinweis auf gegenwärtige und/oder künftige Ergebnisse. Preise und Verfügbarkeit können unangekündigt Änderungen erfahren. Der Wert einer Investition kann schwanken, und die Anleger erhalten möglicherweise nicht den gesamten investierten Betrag zurück. Der Wert der Anlagen kann ebenfalls aufgrund von Wechselkursschwankungen variieren.

Library

DOCUMENTATION LÉGALE
Titre Actualisé Anglais Allemand Français Italien
Rapport annuel 31.12.2021 PDF
KID PRIIPS 01.01.2023 PDF
Prospectus 15.09.2022 PDF
Rapport semi-annuel 30.06.2022 PDF
Lettre aux actionnaires 27.12.2022 PDF PDF PDF PDF
Statuts 04.02.2020 PDF PDF
DOCUMENTATION MARKETING
Titre Actualisé Anglais Allemand Français Italien
Fiche mensuelle 31.12.2022 PDF
Fiche mensuelle institutionnelle 31.12.2022 PDF
Fiche produit 31.12.2021 PDF PDF PDF PDF
Commentaire trimestriel 31.12.2022 PDF

Registration

ATAutriche
BEBelgique
CHSuisse
DEAllemagne
DKDanemark
ESEspagne
FIFinlande
FRFrance
GBRoyaume-Uni
IEIrlande
ILIsraël
ISIslande
ITItalie
KRCorée du Sud
LULuxembourg
NLPays-Bas
NONorvège
PTPortugal
SESuède
SGSingapour
TWTaiwan
ZAAfrique du Sud
ATAutriche
BEBelgique
CHSuisse
DEAllemagne
DKDanemark
ESEspagne
FIFinlande
FRFrance
GBRoyaume-Uni
IEIrlande
ILIsraël
ISIslande
ITItalie
KRCorée du Sud
LULuxembourg
NLPays-Bas
NONorvège
PTPortugal
SESuède
SGSingapour
TWTaiwan
ZAAfrique du Sud

Italie: Les classes I sont uniquement notifiées à la CONSOB (autorité de régulation des marchés financiers).

Singapour:  Les compartiments enregistrés auprès de la Monetary Authority of Singapore (MAS) (autorité monétaire de Singapour) peuvent être proposés uniquement aux «accredited investors».


Fiscal information

Titre Statut
Fin de l'année fiscale 31 December
UKRFS Yes Reportable Income
Transparence - Allemagne Yes Investor Report
Transparence - Autriche Yes
Reporting Italie Yes
RNI Suisse Yes

Sustainability-related disclosure

 

Summary

This Sub-Fund invests primarily in corporate bonds, denominated in hard currencies and issued by emerging market corporate issuers with sound ESG practices.

It promotes environmental (E) and social (S) characteristics but does not have as its objective sustainable investment. However, it will have a minimum proportion of 5% of sustainable investments.

The E and S characteristics are measured relative to those of the Emerging Market (EM) corporate bond universe, as measured by the JP Morgan Corporate EMBI Diversified index, and include:

·         better ESG practices, as measured by a higher ESG quality score

·         a lower weighted average carbon intensity

·         a greater respect of international norms such as the UN Global Compact.

The index is a standard reference representing the Sub-Fund’s universe but is not aligned with the environmental and social characteristics promoted by this Sub-Fund.

This Sub-Fund invests part of its assets in sustainable investments whose objectives may include

·         environmental objectives such as, but not limited to, climate mitigation, water and waste management, sustainable agriculture

and/or

·         social objectives such as, but not limited to, nutrition, small and medium-size enterprise financing, microfinance, sanitation.

To ensure sustainable investments that this Sub-Fund intends to make do not cause significant harm, the Investment Manager assesses whether these companies do no harm through an internally designed methodology which covers principal adverse impact, controversies, misalignment with SDGs and ESG/governance quality.

The investment strategy relies on credit and macroeconomic assessment, environmental, social and governance (ESG) analysis as well as on relative value.

The ESG approach starts with the filtering of the investment universe, which includes norm-based screening and the exclusion of some controversial activities as well as of issuers with the worst ESG practices.

The ESG selectivity process leads to a reduction of the investment universe of at least 20%.

It is followed by the integration of ESG considerations into the issuers’ qualitative credit assessment conducted internally, as the Investment Manager believes that sound ESG credentials can help improve issuers’ creditworthiness.

The assessment of issuers’ governance is essential and is fully integrated in the Investment Manager's ESG and credit analysis, as it can have a significant impact on a company’s ability and willingness to pay back its debt.

The Investment Manager takes into consideration and seeks to minimize the following potential principal adverse impacts of its investments: 1) GHG Intensity of Investee Companies, 2) Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises and 3) Exposure to Controversial Weapons.

ESG analysis, combining both internal and external ESG research, covers at least 90% of the Sub-Fund's portfolio.

At least 70% of net assets of this Sub-Fund are aligned with the environmental and social characteristics promoted by the strategy, including at least 5% invested in a mix of environmentally and/or socially sustainable investments, depending on investment opportunities.

The binding criteria used to attain each of the environmental and/or social characteristics promoted by the Sub-Fund are integrated in control systems, to ensure pre- and post‑trade checks. Compliance is monitored by the Risk department on an ongoing basis.

The Investment Manager may use data reported directly by issuers or sourced from third-party data providers such as MSCI ESG Research or Sustainalytics. The service and data quality provided by third-party ESG data providers are reviewed regularly.

Depending on the metric considered, some data may be estimated by data providers. Although the Investment Manager applies a thorough selection process of third-party providers, their processes and proprietary ESG methodology may be flawed. As a result, there is a risk of incorrectly assessing an issuer, resulting in an inappropriate capture of ESG risks and potential incorrect inclusion or exclusion in the product. This is expected to have limited impact on the overall environmental and/or social characteristics promoted by the product.

The investment due diligence process ensures that the investment decisions comply with the objectives and the investment strategy of the Sub-Fund. The consideration of sustainability-related risks is integrated into the investment decision-making process to ensure better-informed investment decisions as well as awareness of the risk exposure. The first level of due diligence is conducted by the Investment Manager, while the second level is conducted by the Risk department.

Engagement with investee companies may occur. It can be conducted collaboratively as well as, on an ad-hoc basis, directly by the Investment Manager, as part of its overall ESG assessment.

No reference benchmark has been designated for the purpose of attaining the environmental or social characteristics promoted by this Sub-Fund.

For more information, please see the fund’s Sustainability-related disclosures.

  • Code ISIN
  • LU1668157388
  • Données au
  • 02.02.2023
  • Dernière VNI
  • 98.13 USD
  • Avoirs sous gestion du fonds
  • 80.97M USD

Données sur le fonds

  • Nom du fonds UBAM
  • Forme juridique SICAV
  • Juridiction Luxembourg

Données sur le compartiment

  • Devise de référence USD
  • Classe d'actifs Obligations
  • Orientation géographique Marchés émergents
  • Date de lancement 28.02.2018
  • Classification SFDR 8

Données sur la classe d'actifs

  • Description AC USD
  • Date de lancement 28.02.2018
  • Type de dividende Capitalisation
  • Investissement initial minimum None
  • Souscription Daily
  • Rachat Daily
  • Commission de gestion 1.30%
  • Commission de performance No
  • Taux de commission de performance N/A
  • Dernier dividende N/A

Identifiants

  • Bloomberg UBSHGAC LX
  • Telekurs 37819352
  • Reuters N/A
  • WKN A2PA5U
  • SEDOL N/A
  • Morningstar N/A
  • Financial Express -

Gestionnaire(s)

    Fabio Fregna