Amundi launches Amundi Funds ESG Improvers range
Amundi has launched the Amundi Funds ESG Improvers range, an actively managed strategy open to institutional and retail investors that aims to capture ESG-related growth potential at an early stage.
Complementing the traditional ESG approach, which targets “ESG winners” according to their current ESG profile, this strategy takes a forward-looking approach to identify companies with promising ESG trajectories through a strategy based on three principles:
• Exclude companies that are not aligned with Amundi’s ESG framework;
• Select companies that are fundamentally attractive and that are showing real and material progress on ESG. These companies are identified through a fundamental bottom up investment process which integrates Amundi’s proprietary ESG methodology;
• Actively engage with company management throughout the investment process to understand and positively impact the company’s financial and ESG credentials as a whole, and build a portfolio of concentrated, high conviction holdings.
At this stage, the ESG Improvers range offers two equity funds: Amundi Funds European Equity ESG Improvers and Pioneer US Equity ESG Improvers, benchmarked against the MSCI Europe Index and the S&P 500 Index respectively. Further funds will be added to the ESG Improvers range, including equity and fixed income strategies. This range will enable investors to apply their portfolio asset allocation from among the ESG champions of tomorrow.
As a pioneer in responsible investing, Amundi manages over EUR345 billion in responsible investment assets with over 10 000 issuers rated with respect to ESG criteria. Amundi’s recognised ESG analysis process will be fully integrated into the investment approach of the Fund.
Benefiting from the proven experience of Amundi Research and Portfolio Management teams, the strategy of Amundi Funds ESG Improvers combines fundamental and ESG analysis to fully contextualise any potential investment.
Vincent Mortier, Deputy CIO at Amundi, says: “ESG Improvers is a new concept that Amundi has developed which leverages our strength across various teams and locations. It offers investors an opportunity to be part of an actively managed portfolio of tomorrow’s ESG winners. This fundamental bottom up concept is designed to offer attractive risk adjusted returns and to encourage companies to improve the ESG credentials.”