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Thornburg Investment Management launches Better World International Fund


Thornburg Investment Management (TIM) is looking to tap into growing interest in socially responsible investments with the launch of the Thornburg Better World International Fund.

The fund is designed to seek a high level of risk-adjusted returns by investing in high-quality, attractively priced companies making a positive impact on the world.
The Thornburg Better World International Fund is managed by Rolf Kelly, CFA, managing director, who was portfolio manager of TIM's Socially Screened International Equity Strategy (SMA).
Brian McMahon (pictured), Thornburg CEO and CIO, says: "The Better World International Fund is a natural extension of our culture of caring and community commitment since our founding in 1982. At Thornburg, we recognise the growing demand for environmental, social, and governance (ESG) investing disciplines, and our new offering enjoys the support of our entire investment team to find opportunities that make positive ESG impacts while still focusing on competitive financial returns."
The Thornburg Better World International Fund pursues sustainable investing opportunities, an approach that TIM believes can lead to solid long-term performance. Evaluation of individual company sustainability can include environmental impact, level of "carbon footprint," senior management diversity, history of regulatory actions against it, board independence, capital allocation decisions, relationships with communities and customers, product safety, labor and employee development practices, relationships with vendors, workplace safety, and regulatory compliance, among others.
"The new Fund offers an edge within the ESG space by applying our distinct sustainable investing approach, which integrates ESG into our traditional global generalist research structure," says Kelly. "We believe companies with a high degree of sustainability, or with signs of improvement along these lines, are better positioned to outperform in the long run.
"We expect investors in the Better World International Fund will share a mindset and desire to achieve long-term outperformance within the parameters of our ESG and sustainable investing research," Kelly says.
Portfolio composition is focused on 30-60 value-oriented international companies carefully vetted with the support of the entire Thornburg investment team.

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