MIM x AIM

MIM x AIM

A strategic step forward

“The acquisition of AIM will give MIM additional capabilities that will help us better engage with our clients as we help them understand the risks and opportunities related to the field of sustainability.”
 

Steven J. Goulart, Executive Vice President, Chief Investment Officer, MetLife Inc. and President, MetLife Investment Management

In December 2022, MetLife Investment Management (MIM) finalised the acquisition of Affirmative Investment Management (AIM), a specialist global environmental, social and corporate governance fixed income investment manager. AIM was originally established in 2014 and is comprised of 21 investment professionals. AIM has deep capabilities in impact investing, verification, reporting and engagement. We believe these added capabilities allow us to better evaluate sustainability and risk considerations across MIM’s core competencies in public fixed income, private fixed income and real estate.

Investment Approach

AIM is concentrated on broadening and deepening the impact bond market. They manage fixed income portfolios that aim to both deliver competitive returns and generate meaningful positive environmental and social outcomes. A core part of AIM’s investment approach is robust verification, reporting and active engagement.

AIM’s investment approach is built around their proprietary SPECTRUM Bond® criteria to identify what they consider to be the impact investment universe. From this eligible investment universe, the investment team then constructs and manages a range of portfolios aiming to deliver attractive risk-adjusted returns. A rigorous sustainability and credit process fully integrates environmental, social and governance (ESG) assessment.

AIM actively engages with portfolio holdings and is committed to measurable and material impact reporting for clients. Engagement with issuers is key throughout every stage of analysis. They work with stakeholders to support asset class growth and to ensure quality impact measurements. They believe that actively engaging with the market to promote the development and maintenance of standards will ensure a high level of transparency and a clear ongoing commitment.

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