December 19, 2019
FNG Seal of Approval with Highest Score for Mayence Fair Value Bond Fund
The Mayence Fair Value Bond Fund was awarded the FNG three-star seal. The sustainability fund, which is managed by North Channel Bank and in which the bank has invested substantially, fully met the high requirements of the Forum for Sustainable Investment (FNG). “We are very pleased that the fund was awarded the highest possible rating,” states Stefan Rensinghoff, Managing Director of North Channel Bank. “It confirms once again that we are headed in the right direction with this investment product, which invests in bonds whose issuers operate sustainably”.
Impact Investment Fund Passes Complex Application Process with Excellence
The fund initiator and advisor, ESG Portfolio Management GmbH, under the leadership of its founder and managing partner Christoph Klein, has launched the application of the Mayence Fair Value Bond Fund for the FNG Seal and gone through the intensive and demanding audit process. In a multi-level model, the institutional credibility of the fund, the product standards, and the “impact”, among other things, were assessed. The experts from the University of Hamburg also asked for further details on the topics of monthly reporting with a description of the selected benchmarks, membership of the UN PRI, and documents on engagement procedures and processes.
“Not only did we deliver all documents promptly, we also used all suggestions to introduce transparent solutions and improvements,” explains Christoph Klein. “The FNG seal application has significantly improved our investment processes, the quality of our funds, and our reporting. We are now working consistently with positive lists and have improved monthly reporting to minimize the risk of non-compliance with exclusions and controversies”.
Impact Investment with European Corporate Bonds
The Mayence Fair Value Bond fund, which focuses on European corporate bonds with good credit ratings, has a very high ESG (Environmental, Social, and Governance) quality and, according to the MSCI, has an impact on the sustainable development goals of “very high” – especially in the areas of nutrition and alternative energies. With its MSCI ESG score of 10, the fund is among the TOP 30 of 130,000 funds. In addition, the fund achieves significantly lower CO2 emissions compared to well-known corporate bond benchmarks.
North Channel Bank GmbH & Co. KG was founded in 1924 as the privately owned bank Bankhaus Oswald Kruber, located in Berlin. In 2009, a group of North American investors with expertise in the US Life Settlement sector acquired the bank and renamed it North Channel Bank. In the following years the bank developed into one of the leading institutes in US Life Settlement financing. 2013 with the acquisition of its affiliate NorthStar Life Services, LLC, Irvine, California the bank gained direct access to and influence on a reliable, experienced, and renowned service provider. Today, in addition to financing, the bank also offers investments in US Life Settlements. In the structured finance division the bank focuses in particular on financing in the renewable energies sector, (especially equity interim financing), capital goods and growth financing.
ESG Portfolio Management GmbH, located in Frankfurt, is an owner-operated company with core competence in bank-independent consulting on capital market products. It develops customized solutions for professional investors. Founder and Managing Partner Christoph Klein has been a renowned expert in the field of sustainable investments for many years. He was a member of the UN PRI Fixed Income Working Group and is a member of the DVFA Sustainable Finance Commission. Prior to founding his own company, ESG Portfolio Management GmbH, he worked as a portfolio strategist and Managing Director at DWS.
ESG Portfolio Management GmbH provides financial services that comprise investment brokering and investment advice, solely for the account and under the liability of AHP Capital Management GmbH, Weissfrauenstrasse 12-16, 60311 Frankfurt (section 2 (10) KWG).