Alina Oprea • 25 July, 2023 at 5:00 PM
BRD Asset Management SAI, the specialized investment management company of BRD - Groupe Société Générale, has launched its first fund that promotes environmental, social characteristics and pursues good governance (ESG) practices. Through the changes brought to BRD Global, the fund promotes environmental and social characteristics and considers that the issuers in which it invests directly or indirectly follow good governance practices according to the requirements of Article 8 of EU Regulation 2019/2088. Currently, the portfolio of BRD Asset Management S.A.I. reached 12 investment funds.
"The change brought to FDI BRD Global completes the range of products in the BRD Asset Management SAI portfolio, incorporating, in addition to financial criteria, clear environmental, social, and governance criteria, so that we can offer clients a product that is interesting from both an investment point of view and environmental, social and governance preferences. We observe an increasing concern of clients regarding responsibility towards the environment and society, and these preferences can also be manifested in the way we invest money, encouraging responsible companies through our investments", said Mihai Purcărea, CEO of BRD Asset Management SAI.
The fund's investments are mainly made in global equity markets such as the US, Europe, and Japan. The fund makes investments mainly through tradable instruments of the ETF type. FDI BRD Global promotes environmental and social characteristics and intends that the issuers in which it invests directly or indirectly follow good governance practices, but it does not have a sustainable investment objective, nor does it aim to have a minimum proportion of sustainable investments.
"Investing in companies that prioritize sustainable environmental, social, and governance practices is not only a responsible choice but also a smart one. By aligning investments with our values, we can create a better world for future generations, while generating sustainable long-term financial returns", said Bogdan Tudosie, Sales Director of BRD Asset Management SAI.
The fund's strategic allocation is 75% in equities or ETFs with exposure to global equity markets or funds that invest predominantly in equities and 25% in other assets, such as deposits and fixed-income financial instruments, as well as other financial instruments permitted by current legislation. Through the investments made, the fund aims to offer clients high liquidity and diversification.
The fund can be bought in lei, euros, and dollars and is aimed at clients who want to invest in shares on the international capital markets, who have defined a time horizon of over five years, and who assume the risks provided for in the issue prospectus and who pay more attention to actions that can have an impact in the environmental and social areas. The minimum purchase amount is one fund unit.
The funds managed by BRD Asset Management SAI are available throughout the BRD - Groupe Société Générale distributor network.