The Sub-fund seeks to outperform its benchmark, the EURO STOXX Large with net dividends reinvested, net of fees, through active management over a five-year period. The strategy consists of selecting companies with the best ESG scores, narrowing down the investment universe by applying a best in class/best effort approach to Eurozone companies with a market capitalisation of more than EUR 5 billion (mid and large-caps), then selecting discounted stocks through a rigorous financial analysis, knowledge of management teams, and the identification of one or more catalysts that could reduce the discount over an 18-24-month horizon.
Socially responsible investment criteria are analysed from four angles: corporate governance policy, respect for the environment, human resource management, relations with, and management of, different parties (suppliers, clients, local communities and regulators). This approach is supplemented by: engagement with companies through the exercise of voting rights as well as individual, topical and group dialogue. An ESG impact analysis. The Sub-fund will be predominantly invested in stocks having a capitalisation of more than EUR 5 billion. 10% of the assets may be invested in EU countries outside the Eurozone, as well as in the United Kingdom, Switzerland and Norway. The Sub-fund may also invest in stocks that are not included in the EURO STOXX Large, depending on the opportunities that arise. Investment in Eurozone equities denominated in euro shall be at least 75%, and exposure at least 60%. The Sub-fund may invest up to 10% of its assets in shares within the European Union but outside the Euro Zone, in the United Kingdom, Switzerland and Norway.