It presents its new mutual fund Capital Responsable (“Responsible Capital”), which follows on from the existing “Good Governance Fund” and is complemented by a pension scheme and a mutual society (EPSV).
MAPFRE has now given a further demonstration of its firm commitment to socially responsible investment with the launching of a full range of products that incorporate environmental, social and governance (ESG) criteria into the process of selecting investment portfolios.
Among the products presented by the insurer is a new mutual fund called Capital Responsable (“Responsible Capital”), which will be managed by MAPFRE AM, and will benefit from the consultancy services of La Financière Responsable, the French asset management company specializing in responsible investment in which MAPFRE recently acquired a 25% holding. This is the first collaboration between the two companies to arise from the new relationship.
The fund is the first of its kind to be launched in Spain and will invest in the shares and fixed income securities of European companies selected on the basis of their ESG attributes, following a strategy that will focus on preservation of capital. The fund will be retailed mainly in Spain and France, and will be domiciled in Luxembourg, so as to be available to international investors.
The mutual fund is complemented by other products that focus on ESG investment: the pension fund MAPFRE Renta Largo F.P. will henceforth be renamed MAPFRE Capital Responsable, with a focus on ESG strategy. In the same way, there is also a mutual society of the type classified in Spain as an “EPSV” (or “social protection voluntary company”) and previously known as “MAPFRE Crecimiento”, which will henceforth be called MAPFRE Crecimiento Responsable.
This “Capital Responsable” fund follows on from another mutual fund launched by MAPFRE a year ago, the Good Governance Fund, a mutual fund that combines the concepts of high-value investment and good corporate governance. It is also the first fund of this type to be managed and promoted in Spain.
This all forms part of MAPFRE’s commitment to a model for the creation of sustainable value. In the same way, the company has recently announced its adherence to the Principles of Responsible Investment (PRI), once again with the objective of aligning its investment policy with its commitment to socially responsible activity.
MAPFRE AM is the Group’s fund management company in Spain. Its investment philosophy combines long-term value creation and protection of equity. Its main areas of expertise are focused on both European variable and fixed income and asset allocation.
MAPFRE is a global insurance company with a worldwide presence. It is the benchmark insurer in the Spanish market and the largest Spanish multinational insurance group in the world. The company is the main multinational insurer in Latin America and is one of the largest Non-Life European insurers by premium volume. MAPFRE employs more than 36,000 professionals and in 2017, the company’s revenues totaled almost 28 billion euros, with net earnings of 701 million euros.
For further information please click here