"The reality is there is no solution with zero negative impact, and so it's about that balancing act. What we can try to do, as best as we can, is be transparent about our thought process and how we have arrived at that."

RBC BlueBay Asset Management's Tom Mould and My-Linh Ngo joined Jock Glover to discuss the misconceptions of the power of debt investors, the high hurdles they set for the strategy, and the potential trade-offs between environmental and social benefits. Hear from the team behind the Responsible Positive Prospect Rated BlueBay Impact-Aligned Bond fund in this week's episode.

Don't have time to listen to the full episode, jump to your favourite part:

• 1:25 - What is the difference between an ESG fund and an Impact-Aligned fund?

• 3:35 - When your assessing the bond, are you looking at the bond or the issuer?

• 6:30 - How do you, as bond investors, work with issuers to create impact?

• 12:00 - How is the team structured and how does it all fit together?

• 17:10 - What keeps you up at night?

• 22:15 - An interesting statistic from the week.

This was recorded on Wednesday 1st November 2023. This podcast is only aimed at professional advisers and regulated firms and should not be passed on to or relied upon by any other persons. It is not intended for retail investors, who should obtain professional or specialist advice before taking, or refraining from, any action on the basis of the podcast, remembering past performance is not an indication of future performance. It is published by, and remains the copyright of, Square Mile Investment Consulting and Research Ltd. Square Mile makes no warranties or representations regarding the accuracy or completeness of the information contained herein. This podcast represents the views and forecasts of SM at the date of issue and may be subject to change without reference or notification to you. Nothing in this podcast shall be deemed to constitute a regulated activity or an invitation or inducement to engage in investment activity and it is not a recommendation to buy or sell any funds or investments that are mentioned during this podcast.