It is possible to generate both financial returns and positive environmental and social impact from fixed income portfolios. Positive selection creates a broader universe of sustainable companies, and therefore a greater opportunity set than negative or exclusionary policies. The in-depth analysis involved in a positive selection approach provides confidence in the sustainable practices of these business – and companies with sustainable business practices are likely to be better credits in the long term, providing a degree of downside protection. As a result, positive selection delivers more sustainable risk-adjusted returns than a stand-alone exclusionary approach. - Stephen Fitzgerald, AO, Affirmative Investment Management. Earn 0.50 CE/CPD hrs on Portfolio Construction Forum