This fund accreditation program is consistent with our broader responsible investment strategy, which involves incorporating ESG materiality systematically across all fundamental analysis,4 applying sector and exclusion policies – particularly on tobacco and coal – and reinforcing our engagement policy. At this stage, 92% of assets in our open-ended funds eligible for accreditation have achieved the French state SRI label, with the aim of attaining this certification for 99% of eligible open-ended funds’ assets by 2022.
ESG leader in money-market expertise on the European market
With a fund range applauded at the Quantalys Fund Awards5 in 2020 and 2021, Ostrum AM stands out as an ESG leader in money-market portfolio management, and was one of the leading ESG money-market fund managers worldwide in 2020 in terms of total AuM with close to €50 billion under management, according to research from Fitch Ratings.6
Ostrum AM’s money-market portfolio management team boasts an average of 22 years’ experience each, with Head of Money-Market Portfolio Management Alain Richier, and portfolio managers Fairouz Yahiaoui, Didier Lacombe and Thibault Michelangeli first and foremost pursuing investment security, liquidity and performance. They are supported by an extensive credit research team comprising 23 credit analysts, including two sustainable bond specialists.3
ESG analysis is an integral component in the money-market portfolio management process. All of Ostrum AM’s SRI-accredited funds are assigned a non-financial score in addition to our standard approach for all our funds, which involves systematic incorporation of ESG dimensions at each stage in our fundamental analysis with a view to assessing the potential impact of these aspects on the sector, company and financial profile.
Philippe Berthelot, Head of credit and money-market at Ostrum AM, states: “Our money-market investment philosophy has consistently aimed to seek the best investment opportunities for our investors via high-quality liquid products that meet the most stringent market standards on ESG. Achieving the French SRI accreditation for our entire range further enhances Ostrum AM’s position as a responsible company and money-market investment pioneer, with a presence dating back 25 years.”
2 Funds managed by Natixis Investment Managers International, where Ostrum AM is delegated financial manager. A money-market fund is not a guaranteed investment; an investment in a money-market fund differs from an investment in deposits; there is a risk that capital invested in a money-market fund may fluctuate; a money-market fund does not rely on external support to guarantee liquidity or stabilize its NAV per unit or per share; the investor bears the risk of capital loss. In the event of very low interest rates on the money market, yields generated by the fund may be insufficient to cover its management fees. The fund’s net asset value may decline structurally. Funds promote environmental or social and governance criteria (ESG), but they do not have a sustainable investment aim. They may partly invest in assets with a sustainable goal, for example as defined by the European Union classification. The KIID and the prospectus are available on request from Ostrum AM.
3 Ostrum Asset Management figures as at March 31, 2021.
4 Excluding ABS. ESG integration refers to the inclusion of ESG issues in investment analysis and decisions. The approach to ESG integration varies by fund. The integration of ESG factors does not necessarily imply that investment vehicles also seek to generate a positive ESG impact.
5 https://www.quantalys.com/Article/Consultation/13294 (website in French). Any reference to a ranking and/or an award does not indicate the future performance of the fund or the fund manager.
6 Fitch Ratings, Global ESG Money Market Fund Dashboard: 2020, March 10, 2021.
Ostrum Asset Management
An affiliate of Natixis Investment Managers.
French Public Limited liability company with board of Directors.
Share capital €48 518 602.
Regulated by the Autorité des Marchés Financiers (AMF) under no. GP 18000014.
RCS Paris n° 525 192 753.
43 avenue Pierre Mendès France 75013 Paris, France.
Natixis Investment Managers
Natixis Investment Managers is a subsidiary of Natixis.
Portfolio management company - French Public Limited liability company
RCS Paris n°453 952 681
Registered Office: 43, Avenue Pierre Mendes France – 75013 – Paris.
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.