Ping An of China Asset Management (Hong Kong) Company Limited (“PAAMC HK”) is thrilled to share the news that their Ping An of China Asset Management Fund – China Green Bond Fund has been named the “ESG Fixed Income Fund of the Year (Asia)” at Environmental Finance’s Sustainable Investment Awards 2024. This prestigious accolade marks the third time that the Fund has received this award, showcasing its consistent excellence in the industry.
The Fund stood out in 2023, a challenging year for green bond funds, with strong returns of 5.5% achieved through careful credit selection and maintaining a defensive portfolio duration. By diversifying holdings and increasing exposure to high-quality regions in North Asia like South Korea and Japan, the Fund was able to increase its overall portfolio yield and mitigate rate volatility.
In line with international standards, the Fund has made changes to align closer with the EU taxonomy and uses the Climate Bonds Initiative taxonomy as a guidepost. This has led to a reduction in exposure to natural gas-related bonds. Additionally, the Fund’s commitment to data collection at a project and company level, focusing on metrics like carbon emissions and renewable energy capacity, has been recognized by the judging panel.
Mr. Albert Wang, Head of Capital Markets and CIO of PAAMC HK, expressed gratitude for the award and highlighted the valuable role of Chinese green bonds in global portfolios. With China’s growing presence in green finance, Chinese green bonds offer higher yields and diversification opportunities. The investment team’s expertise in identifying top-quality green bonds in this expanding market has been crucial in delivering consistent outperformance for investors.
The Sustainable Investment Awards by Environmental Finance acknowledge industry players incorporating ESG across various asset classes. PAAMC HK, established in 2006 and a subsidiary of Ping An Insurance Group, is a leading provider of global investment management solutions in equities, fixed income, ETFs, structured products, and alternative assets.
For more information about Ping An of China Asset Management (Hong Kong) Company Limited, visit their website. Congratulations to PAAMC HK on this well-deserved recognition for their outstanding performance in sustainable investing.
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