Summary
The purpose of the Pool is:
1) to provide broad access to non-sovereign fixed income asset classes in China,
2) in a sustainable manner as described below, and to maximize the return above the Pool benchmark, given the Investment Restrictions below and prudent investment management.
The specific investment universe is characterized by reputational risk and limited availability of information on credit risk. Therefore, the investment process followed integrates environmental, social and corporate governance risks and opportunities and relies on local external investment advice to bridge the gap in data availability for credit risk and ESG risk management. The specific focus on credit quality and ESG may result in a concentrated portfolio. The majority of the Pool is internally managed.