Marsham Transitional Issuers Fixed Income

Agenda

  • Transitional bonds focus: targets companies credibly shifting to sustainable models, often mispriced by standard ESG filters.
  • Concentrated portfolio: 35–40 holdings, mainly BB/BBB credits, with strong risk-return potential.
  • Proprietary ESG edge: AI-driven framework rigorously scores issuers’ transition progress.
  • Impact + return: SFDR Article 9 fund (to be launched) combining sustainability outcomes with performance.

Why Transitional Fixed Income?

  • Attractive returns from mispriced bonds: transitional issuers are often undervalued because they sit outside traditional ESG screens, creating alpha opportunities.
  • Climate transition as a megatrend: companies shifting to lower-carbon models are positioned to benefit from $200 trillion of investment needed to reach global net-zero by 2050.
  • Impact and performance combined: supporting decarbonisation in high-emission sectors while capturing strong, risk-adjusted returns in fixed income.

Why Marsham IM for Transitional Fixed Income?

  • Proven active process with AI integration: since 2017 Marsham has embedded AI into its rigorous bottom-up credit research, delivering consistent outperformance through high-conviction security selection and disciplined risk management
  • Agile, founder-led boutique: lean structure focused fully on investment decisions and innovation.

Who is Marsham Investment Management?

Marsham IM is a UK based Investment Manager providing fund management services across asset classes as well as tailored externally managed accounts solutions. At the core of Marsham IM’s investment philosophy is an unconstrained active investment management based on proprietary fundamental analysis and supported by innovative AI technology. Marsham IM is a signatory to UN Principles for Responsible Investing.

Principal Investment Philosophy

Marsham’s philosophy is built on the belief that climate transition is a structural driver of long-term returns. They focus on companies in high-emission sectors that are credibly transforming their business models, combining deep fundamental credit research with proprietary AI tools to identify undervalued opportunities. The result is an active, high-conviction, benchmark-agnostic approach that delivers both financial performance and measurable impact.