Royal London Asset Management
Royal London AM Ethical Bond Fund
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy and positions in 14 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year · follow all of Royal London Asset Management for every strategy.
Performance
as of Sep 30, 2026 · net of fees · GBP · Z Inc GBP
- YTD+2.6%
- 1Y+2.6%
- 3Y · total+22.8%
- 5Y · total+4.2%
| YTD | 1Y | 3Ytotal | 5Ytotal | |
|---|---|---|---|---|
| Royal London AM Ethical Bond Fund | +2.6% | +2.6% | +22.8% | +4.2% |
Calendar years
- 2025+6.6%
- 2024+12.3%
- 2023+7.7%
- 2022−21.2%
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
we also added several AT1 new issues, including for example a euro-denominated note by Netherlands-based mutual Rabobank and a sterling-denominated note issued by Natwest.
but over the quarter added a new sterling- denominated hybrid from French utility Engie at a yield well over 6%.
- AddedWestfield Stratford CityJun 2026
We also bought a new issue for London-based shopping centre Westfield Stratford City following the early repayment of existing bonds at par, which represented a premium to existing market pricing.
we were very selective, adding lower tier 2 issues from Barclays and Lloyds Bank, as well as a relatively rare issue from Goldman Sachs, adding diversification to our financials exposure.
we were very selective, adding lower tier 2 issues from Barclays and Lloyds Bank, as well as a relatively rare issue from Goldman Sachs, adding diversification to our financials exposure.
In real estate, Vonovia, one of Europe’s largest residential real estate companies headquartered in Germany, came to market with a sterling-denominated 12-year bond.
One of these was education publisher Pearson, issued with a yield premium which we felt more than compensated for the perceived AI disruption risk.
we were very selective, adding lower tier 2 issues from Barclays and Lloyds Bank, as well as a relatively rare issue from Goldman Sachs, adding diversification to our financials exposure.
- AddedSage HousingJun 2026
In the social housing sector we added a new issue from Sage Housing, England’s largest provider of new build affordable housing for the past five years.
Also held
- Santander
- Lendinvest
- Skipton Building Society
- HSBC Holdings PLC
- Intu Metrocentre Finance
- Close Brothers Group PLC
- Places For People Treasury PLC
- Electricite de France SA
- Co-Op Wholesale Society
- Aviva
- Ecclesiastical Insurance
- Harbour Funding
- Santander UK
- Peterborough Progress Health
- Eversholt
- Intu Metro