April 16, 2020
Good Performance of Mayence Fair Value Bond Fund: North Channel Bank Acquires Further Fund Shares
North Channel Bank bought further fund shares in the Mayence Fair Value Bond (WKN: A2AQZE) in March 2020. The fund is performing well in the current challenging market environment, with careful selection of sustainable issuers and strict budgeting of risk positions combined with suitable hedging instruments being the key success factors. “The Mayence Fair Value Bond Fund is among the top performers of sustainable bond funds,” says Stefan Rensinghoff, Managing Director of North Channel Bank. “It significantly outperformed its peer group of comparable funds, which made it easy for us to increase our existing position by purchasing additional shares.”
Impact Investment with European Corporate Bonds
The Mayence Fair Value Bond Fund has won a number of renowned awards and international prizes due to its highly sustainable strategy. Only recently, it was awarded the FNG (Forum for Sustainable Investment) seal of approval with three stars.
Focusing on European corporate bonds with good credit ratings, it has a very high ESG (Environmental, Social, and Governance) score and an impact on the Sustainable Development Goals of “very high”.
North Channel Bank GmbH & Co. KG was founded in 1924 as the privately owned bank Bankhaus Oswald Kruber located in Berlin. In 2009, a North American group of investors with expertise in the US Life Settlements sector acquired the bank and renamed it North Channel Bank. In the following years, the bank developed into one of the leading institutions in US Life Settlement financing. For many years, the bank has been working with the experienced and renowned US servicer NorthStar Life Services, LLC, a former affiliate, and offers not only financing but also investments in US Life Settlements. The affiliate NorthStar Life Settlements Trading, LLC, Irvine, California, renamed in 2020, handles the trading of policies in this business segment. In the Structured Finance division, the bank focuses in particular on financing in the renewable energy sector (focus: equity interim financing), capital goods, and growth financing.