Major European institutional equity mandate to be benchmarked to Scientific Beta low carbon index
(Thomson Reuters ONE) -
One of the most prominent pension schemes in Europe, the ?23.5bn additional
pension scheme for French civil servants, ERAFP, has announced that it is
awarding a mandate to asset managers for a euro zone mid- and large-cap listed
equities portfolio worth ?500 million to ?1 billion that will be benchmarked to
the Scientific Beta Eurozone Max Sharpe Ratio ERAFP SRI Carbon Efficient index.
The decision by ERAFP is a major vote of confidence in ERI Scientific Beta, the
smart beta index provider set up by EDHEC Risk Institute in 2012. EDHEC Risk
Institute has been conducting research for several years on the possibility of
reconciling financial and environmental performance and the launch of a new
series of low carbon indices by ERI Scientific Beta earlier this year marked the
practical realisation of these research efforts.
The mandate will be awarded for a six-year term and must be managed while
respecting the socially responsible investing (SRI) principles under which all
of ERAFP's allocations are managed.
Commenting on this announcement, Noël Amenc, CEO of ERI Scientific Beta, said,
"Having announced the launch of our low carbon indices earlier this year, we are
gratified that ERAFP has seen fit to award such a significant mandate so soon on
the basis of ERI Scientific Beta's low carbon indices. The low carbon indices
produced by ERI Scientific Beta offer access to short and medium-term
outperformance by using consensual results from financial research in the area
of smart beta and portfolio diversification. The exclusion from the index of the
worst firms in terms of carbon intensity in each sector of activity guarantees
that these indices have a strong positive impact on the environment."
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As part of its policy of transferring know-how to the industry, EDHEC-Risk
Institute has set up ERI Scientific Beta. ERI Scientific Beta is an original
initiative which aims to favour the adoption of the latest advances in smart
beta design and implementation by the whole investment industry. Its academic
origin provides the foundation for its strategy: offer, in the best economic
conditions possible, the smart beta solutions that are most proven
scientifically with full transparency of both the methods and the associated
risks.
ERI Scientific Beta, 1 George Street, #07-02, Singapore 049145. For further
information, please contact: contact(at)scientificbeta.com, Web:
www.scientificbeta.com.
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Press_release_ERAFP_institutional_mandate.pdf:
http://hugin.info/157174/R/2019297/749641.pdf
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Source: EDHEC-Risk Institute via GlobeNewswire
[HUG#2019297]
Unternehmensinformation / Kurzprofil:
Datum: 09.06.2016 - 12:20 Uhr
Sprache: Deutsch
News-ID 476797
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