The sub-fund's objective is to use active management techniques to outperform its benchmark, the EURO STOXX Large index with net dividends reinvested, over a five-year period. The strategy is to select the companies with the best ESG ratings by applying Best-in-Class/Best-effort rating methodology to eurozone companies with a market capitalisation of more than EUR5 billion in order to narrow down the investment universe, and then selecting undervalued stocks through a rigorous financial analysis, the management teams' knowledge and the detection of one or two specific catalysts liable to reduce the discount within a period of 18 to 24 months.
The 'socially responsible' criteria taken into account are analysed from four points of view: corporate governance policy, environmental protection, human capital management, relationships with and management of the various stakeholders (suppliers, clients, local communities and regulators). This approach is complemented by: - engagement with companies through individual, topical and collective dialogue and voting. an impact analysis of our ESG approach. The sub-fund will be invested mainly in stocks with a market capitalisation of more than EUR5 billion. 10% of the assets may be invested in European Union countries outside the eurozone, as well as the United Kingdom, Switzerland and Norway. The sub-fund may also, as opportunities arise, invest in stocks not listed on the EURO STOXX Large index.