Global Select Government Bond Fund

It's time to invest in change for better

Urgent steps are needed to address global sustainable development funding requirements, and governments have a unique ability to mobilise capital at scale through vast debt issuance programmes, placing them in a prime position to fund projects that tackle these societal challenges.

Sovereign ESG-labelled debt issuance is continuing at an unprecedented pace¹, with government and or related issuance making up just over half² of the outstanding global universe of use-of-proceeds green, social and sustainable debt.

In a market environment that offers considerably higher bond yields³ compared to the last decade, the risk-return profile⁴ of government debt from an asset allocation perspective has markedly improved.

^{[1] Environmental Finance – Sustainable Bonds Insight 2024 -Breakdown of issuer type
[2] Governments’ sector made up 56% of iBoxx Global Green, Social, Sustainability Index as at 31st July 2024
[3] Bloomberg Barclays Global Agg. Treasuries Index yield back to approximate pre-2008 average of 3.1% vs post-2008 average of 1.6%
[4] Bloomberg, showing weighted average duration of index and the yield of the index over time as at 25/10/2024}