All Fixed income articles – Page 12
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Technical guideFixed income investor guide
The Fixed income investor guide summarises the unique characteristics of fixed income with its various subcategories of issuers and instruments. It helps to explain why fixed income investors should take a bottom-up approach to RI while borrowing from the experiences of other asset classes, such as listed equities.
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Technical guide
Integrating ESG factors into issuer analysis
In fixed income, a key application for ESG information is to inform analysis of issuer creditworthiness. ESG issues, such as corruption or climate change, are potential risks to macro factors that may affect an issuer’s ability to repay its debt.
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Technical guideIntegrating ESG factors into sovereign issuer analysis
Based on discussions and presentations with the PRI fixed income sovereign working group, this report is a primer that provides an initial conceptual framework exploring ESG issues that might be material to sovereign bond risk assessments and pricing (2014).
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Technical guideIntegrating ESG factors into corporate issuer analysis
Analyses of governance factors such as remuneration and financial auditing are common among bond investors, but few systematically integrate a wide range of ESG factors into credit analysis.
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Technical guide
ESG screening in fixed income investing
Fixed income investors apply ESG filters or screens to their investment universe to control which issuers or securities are considered for investment. This is an effective way of ensuring their investments are aligned with their (client’s) ethical motivations and reduces reputational risks.
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Technical guideEngaging issuers on ESG issues
Debt and equity holders both stand to benefit financially from successful engagements, as ESG-related risks are mitigated and opportunities maximised.
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Technical guideThemed fixed income investing
Investment products such as green bonds are seen by many as a way of addressing ESG risks such as climate change and water scarcity.
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Technical guide
Embedding responsible investment into the fixed income investment process
There are a number of fundamental building blocks, regardless of asset class, that all investors should consider when setting their organisation up to implement responsible investment.
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Technical guideCorporate bonds: spotlight on ESG risks
In light of the 2008 financial crisis, which led to a loss of confidence in the underlying structure and operation of international financial markets, this publication is intended for corporate bondholders to explore ESG issues and determine whether they are material to creditworthiness and investment performance.
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Technical guideSovereign bonds: spotlight on ESG risks
Drawing on information disclosed through the PRI’s reporting data and interviews to its signatories this document represents one of the first attempts to show how ESG factors can be material to the creditworthiness and investment performance of sovereign bonds (2013).
