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Informationen für professionelle Kunden - 21.7.2022

Unternehmensanleihen: Fallstricke bei der ESG-Integration vermeiden

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Joanna Glöggler, Portfoliomanagerin Unternehmensanleihen, und Daniel Sailer, Head of Sustainable Investment Office, Metzler AM
Joanna Glöggler und Daniel Sailer, Metzler Asset Management GmbH

Weltweit erhöhen Notenbanken die Zinsen. Für Investments in Unternehmensanleihen eröffnen sich somit wieder Chancen auf höhere Erträge. Als Fremdkapitalgeber hat der Anleiheinvestor insbesondere kurz- und mittelfristige ESG-Risiken im Blick, die eine Rückzahlung zur Fälligkeit der Anleihe gefährden können. Um ESG-Kriterien zu integrieren sollten Anleiheinvestoren aber einige Fallstricke beachten, denn industrieadjustierte ESG-Scores und daraus abgeleitete Ratings greifen zu kurz. Die kritischen Punkte analysieren Joanna Glöggler, Portfoliomanagerin Unternehmensanleihen, und Daniel Sailer, Head of Sustainable Investment Office, in der aktuellen ESG-Strategie Nr. 2, Juli 2022.

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