Candriam awarded the first French government-backed SRI label for a High Yield fund
Candriam Investors Group, a leading European multi-specialist asset manager, with €111 billion of AUM and owned by New York Life Investment Management (NYLIM), has been awarded the first ever label for its SRI Bond Global High Yield fund. Four other Candriam funds - three equities funds and one bond fund - were also awarded the French government-backed SRI label. The labels were awarded by AFNOR Certification in December 2017.
The label rewards Candriam's commitment and expertise in SRI across different asset classes and regions. The labelling of a High Yield fund which combines a "long only" approach in the global high-yield bond market with Candriam's Socially Responsible Investing approach is unique.
"The certification of the five Candriam SRI funds once again underlines our commitment to a sustainable and responsible economy. Investments today must clearly demonstrate their positive impact both on the environment and society in general. Candriam wants to play an active part in this market development. The SRI label is therefore an excellent initiative which guarantees the quality of the funds’ SRI approach while making them more accessible and transparent to investors", said Naïm Abou-Jaoudé, CEO of Candriam Investors Group and Chairman of New York Life Investment Management International.