Responsible Horizons

Managed by Insight Investment*

What is Responsible Horizons?

Many investors are looking to achieve a positive environmental or social impact, and when looking at sustainable investing, are seeking businesses that will stand the test of time.

Responsible Horizons starts with a recognition that the world we live in is subject to unprecedented uncertainty due to era defining mega-issues like climate change and rising social inequality. For sustainable investing funds to achieve their objectives the underlying institutions they invest in will need to be compatible with this changing world.

Every Responsible Horizons portfolio will aim to:

  • Reflect long-term sustainable themes, such as climate change and social inequality.
  • Emphasise the best and avoid the worst performers on environmental, social and governance (ESG) issues, based on research powered by Insight Prime.
  • Avoid certain investments with a negative impact, including tobacco producers.
  • Apply a higher hurdle for environmentally sensitive industries, like energy companies.

Combining all these elements, we believe these principles mean Responsible Horizons can help align investments to client’s values, as well as offer the potential for an attractive return.

Introduction to Responsible Horizons

Prime: the ESG data behind Responsible Horizons

Prime is Insight Investment’s proprietary environmental, social and governance (ESG) rating system, which uses extensive global data and in-depth analysis to highlight key ESG risks.

Insight’s portfolio managers and analysts use Prime to support their investment decisions, inform their engagement with companies, and help to build portfolios with sustainability goals.

Introduction to Prime Corporate ESG Ratings

$12+ billion in

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide

About insight

About Insight Investment

Insight Investment is one of the world’s largest investment managers, with extensive expertise in risk management, fixed income and absolute return strategies.

Why Insight?

A founding signatory to the UN-supported Principles for Responsible Investment (PRI) in 2006, Insight has long believed that ESG factors can affect the value of investments. Reflecting the deep integration of ESG analysis in Insight’s business and activities, in 2020, the PRI awarded A+ ratings to Insight for strategy and governance, and for all relevant fixed income capabilities.

Responsible Horizons aims to build on Insight’s evidence-based approach to both investment research and ESG analysis, supported by ESG ratings from Insight’s proprietary model Prime, to offer leading solutions for investors seeking to express their values as they pursue attractive returns.

$12+ billion in

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide

    Scale
    Expertise
    Innovation
    Experience
    Solution
    focus
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Solution focus

Responsible Horizons strategies aim to achieve a financial return alongside positive environmental or social outcomes, with long-term sustainability in mind.

1 As at 31 March 2022. Assets under management (AUM) are represented by the value of cash securities and other economic exposure managed for clients. Figures shown in GBP and EUR. FX rates as per WM Reuters 4pm spot rates. Reflects the AUM of Insight, the corporate brand for certain companies operated by Insight Investment Management Limited (IIML). Insight includes, among others, Insight Investment Management (Global) Limited (IIMG), Insight Investment International Limited (IIIL), Insight Investment Management (Europe) Limited (IIMEL) and Insight North America LLC (INA), each of which provides asset management services.

2 As at 31 March 2022. The ESG assets under management figure shown reflects the sum of assets to which one or more of the following criteria apply within the investment guidelines/objectives of segregated mandates/strategies/pooled funds: exclusions, impact, positive screen/best-in-class, sustainable/thematic (including climate) related approaches. Assets under management (AUM) are represented by the value of cash securities and other economic exposure managed for clients. Figures shown in GBP and EUR. FX rates as per WM Reuters 4pm spot rates. Reflects the AUM of Insight, the corporate brand for certain companies operated by Insight Investment Management Limited (IIML). Insight includes, among others, Insight Investment Management (Global) Limited (IIMG), Insight Investment International Limited (IIIL), Insight Investment Management (Europe) Limited (IIMEL) and Insight North America LLC (INA), each of which provides asset management services.

Solution focus
Scale
Expertise
Innovation
Experience

1 As at 31 March 2022. Assets under management (AUM) are represented by the value of cash securities and other economic exposure managed for clients. Figures shown in GBP and EUR. FX rates as per WM Reuters 4pm spot rates. Reflects the AUM of Insight, the corporate brand for certain companies operated by Insight Investment Management Limited (IIML). Insight includes, among others, Insight Investment Management (Global) Limited (IIMG), Insight Investment International Limited (IIIL), Insight Investment Management (Europe) Limited (IIMEL) and Insight North America LLC (INA), each of which provides asset management services.

2 As at 31 March 2022. The ESG assets under management figure shown reflects the sum of assets to which one or more of the following criteria apply within the investment guidelines/objectives of segregated mandates/strategies/pooled funds: exclusions, impact, positive screen/best-in-class, sustainable/thematic (including climate) related approaches. Assets under management (AUM) are represented by the value of cash securities and other economic exposure managed for clients. Figures shown in GBP and EUR. FX rates as per WM Reuters 4pm spot rates. Reflects the AUM of Insight, the corporate brand for certain companies operated by Insight Investment Management Limited (IIML). Insight includes, among others, Insight Investment Management (Global) Limited (IIMG), Insight Investment International Limited (IIIL), Insight Investment Management (Europe) Limited (IIMEL) and Insight North America LLC (INA), each of which provides asset management services.

Funds

$12+ billion in

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide

Responsible Horizons Euro Impact Bond Fund

The Fund seeks to achieve positive environmental and/or social impacts while generating a total return comprised of income and capital growth by investing in a broad range of Euro-denominated debt and debt-related securities and related financial derivative instruments (“FDI”).

Responsible Horizons Euro Corporate Bond Fund

The Fund seeks to generate a total return comprised of income and capital growth by investing primarily in a broad range of Euro-denominated debt and debt-related securities and related financial derivative instruments, whilst taking environmental, social and governance (“ESG”) factors into account.

Fund benchmarks

Responsible Horizons Euro Impact Bond Fund

Benchmark: The Fund will measure its performance against the Bloomberg Barclays MSCI Euro Corporate Green Bond Index, (the “Benchmark”). The Fund is actively managed, which means the Investment Manager has discretion to invest outside the Benchmark subject to the investment objective and policy. However, as the Benchmark covers a significant proportion of the investable universe, the majority of the Fund’s holdings will be constituents of the Benchmark and the weightings in the portfolio may be similar to those of the Benchmark. The investment strategy will restrict the extent to which the portfolio holdings may deviate from the Benchmark and consequently the extent to which the Fund can outperform the Benchmark.

Responsible Horizons Euro Corporate Bond Fund

Benchmark: The Fund will measure its performance against the Bloomberg Barclays Euro Aggregate Corporate Total Return Index (the “Benchmark”).

The Fund is actively managed, which means the Investment Manager has discretion to invest outside the Benchmark subject to the investment objective and policy. However, as the Benchmark covers a significant proportion of the investable universe, the majority of the Fund’s holdings will be constituents of the Benchmark and the weightings in the portfolio may be similar to those of the Benchmark. The investment strategy will restrict the extent to which the portfolio holdings may deviate from the Benchmark and consequently the extent to which the Fund can outperform the Benchmark.

Investment Risks

The value of investments can fall. Investors may not get back the amount invested. Income from investments may vary and is not guaranteed.

Objective/Performance Risk: There is no guarantee that the Fund will achieve its objectives.

Environmental, Social and Governance (ESG) Investment Approach Risk: This Fund can be considered to follow an ESG investment approach or incorporate elements of an ESG investment approach, which may cause it to perform differently than other funds that have a similar objective but which do not integrate an ESG investment approach (or elements thereof) when selecting securities. In addition, in following an ESG investment approach, the Fund is dependent upon information and data from third parties (which may include providers for research reports, screenings, ratings and/or analysis such as index providers and consultants). Such information or data may be incomplete, inaccurate or inconsistent.

$12+ billion in

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide

Meet the Insight team

Insight embeds ESG risk analysis across its investment processes: every portfolio manager and analyst is expected to take ESG factors into account where they are material and relevant to the investments they oversee.

$12+ billion in

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide

Grey
Adrian Grey
Global Chief Investment Officer
Sawbridge
Robert Sawbridge

Head of Responsible Investment

headshot-fabien-collado
Fabien Collado

Portfolio manager

Lucy-Speake-BNYM-342
Lucy Speake
Head of European Credit, Chair of Responsible Investment Committee

Underpinned by Insight’s precise and evidence-based approach, Responsible Horizons emphasises both in-depth investment research and active engagement to understand risks and improve behaviour.

Robert Sawbridge, Head of Responsible Investment

$12+ billion in

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide

Resources

Investing for impact

We are seeing the emergence of more varied impact bond type offerings. Emerging subclasses of impact bonds include blue bonds, gender bonds, transition bonds and even rhino bonds.

Impact,Impact Bonds,Responsible Investing

EMD: Evolution of impact investing

Are emerging markets ESG-friendly? Find out why Insight believes it is for EMD.

Emerging market debt,Responsible horizons,Responsible Investing

2021: A record high for impact bonds?

The evolution and pursuit of impact investments offers huge opportunities. What could 2022 hold for impact bond markets?

Bonds,Impact,Responsible horizons

Assessing the “greenness” of impact bonds

Evaluation and analysis of an impact bond instrument and its issuer may help provide an indicator of impact bond “greenness”.

Bonds,Impact,Responsible horizons

Climate change: A Greta-led movement?

Climate change awareness is growing as a result of regulation and campaigns in the public domain. Can a climate methodology help make sense of this emotive issue?

Climate change,Responsible horizons

What does sustainability mean to you?

Focusing on what matters most for each issuer may help refine your approach to sustainability.

Responsible horizons,Sustainability

$12+ billion in

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide

For a full list of risks applicable to this fund, please refer to the Prospectus or other offering documents. Please refer to the prospectus, and the KIID before making any investment decisions. Documents are available in English and an official language of the jurisdictions in which the Fund is registered for public sale. Go to fund-centre.

The value of investments can fall. Investors may not get back the amount invested. Income from investments may vary and is not guaranteed.

Insight Investment uses impact bonds as an umbrella term for fixed income issuances the proceeds of which are dedicated solely to projects intended to meet environmental or social criteria. This encompasses the universe of bonds referred to as green or sustainable as well as more specific outcome-oriented issuances such as blue, gender and transition bonds.

Important information

*Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA), BNY Mellon Fund Managers Limited (BNYMFM), BNY Mellon Fund Management (Luxembourg) S.A. (BNY MFML) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA, BNY MFML or the BNY Mellon funds.

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$12+ billion in

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide

100+ clients worldwide