Kutxabank Management advances in the field of sustainable investments with the launch of two investment fundswhich fall within the article 9 of the regulations on disclosure relating to the sustainabilityknown as ‘SFDR’.
“These products seek to generate a impact environmental and social concrete and measurable in one or more of the 17 Sustainable Development Goals (ODS)”, according to Kutxabank.
Thus, ‘Kutxabank RF Sustainable Goal’ is a fund of fixed rent who will invest in green, social and sustainable bonds, as well as bonds linked to the fulfillment of environmental or social objectives, both from public and private issuers, biased towards environmental objectives. He minimum term recommended for investment is three years.
For its part, Kutxabank RV Objetivo Sostenible’, will invest at least 75% of its assets in variable income, with a strategy focused on the selection of companies that favor a positive environmental and social impact. He minimum term recommended for investment is 5 years.
The two new impact funds will form part of the delegated management (Portfolios, FGA and Baskepensions) through the portfolio class and will also be available for direct investment through the standard class, explains Joseba Orueta, CEO of Kutxabank Gestión.
investment under sustainability criteria is present in the Basque bank before the regulationswhich has allowed Kutxabank Gestión to be a pioneer in terms of Socially Responsible Investment in the market.
For example, for more than 17 years it has had the ‘Solidarity Fund’ and its Voluntary Social Welfare Entities (EPSVs) already incorporated in 2016 a socially responsible investment policy.