MAPFRE AM launches good governance fund
The largest insurer in Spain and Latin America is expanding its funds business to cater for investors with moral and ethical concerns.
MAPFRE AM – the asset management arm of Spain’s and Latin America’s largest general insurer – is expanding its funds business with the launch of the MAPFRE Good Governance Fund in its Luxembourg Sicav offering. The group said it aims to extend the range of risk products to consumers and institutional businesses -enabling them to generate long term real returns at times of falling savings rates – by adopting a responsible investment (RI) approach to expanding its fund range.
The new fund has been developed following extensive academic research into the impact of environmental, social and governance (ESG) factors on investment returns. “MAPFRE AM recognised that in terms of pure performance the most notable contributor is governance,” commented the company, adding that embedding environmental and social factors into its RI policy ensures, for investors, a degree of hedging against moral and ethical concerns.
“The Good Governance Fund is one of the first tangible steps that we as asset managers have taken to support our wider business in its aims and objectives to make a significant contribution to the well-being of society,” said MAPFRE’s chief investment officer (CIO) José Luis Jiménez. “We will be taking further initiatives over the coming months and look forward to introducing our fund to our markets in Europe and Latin America.”