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Wells Fargo Asset Management (WFAM) today announced the launch of its Climate Transition Global Investment Grade Credit to help investors simultaneously achieve their climate and financial goals, with a focus on supporting the 'climate transition' and the decarbonisation of the economy.
The strategy is used with investors including the UK's National Employment Savings Trust (Nest), which converted its existing $2bn WFAM allocation to the Strategy earlier this year, in alignment with its climate policy. Portfolio management of the Strategy resides with WFAM's Global Fixed Income team, led by Scott Smith, head of Multi-Sector Investment Grade, and Henrietta Pacquement, head of Investment Grade Credit Europe, supported by a team of more than 70 fixed income research...
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