La Banque Postale AM reports €1.2bn AUM in SRI in 2014
La Banque Postale AM (LBPAM) has published at the end of June its responsible investment figures for 2014.
The asset manager has reported that €1.2bn of assets under management have been invested in its range of SRI funds in 2014. Open-ended SRI funds account for €750m.
LBPAM’s offer in SRI includes 14 funds towards institutional and retail investors, of which seven have been labelled by French SRI researcher Novethic.
In detail, the firm’s assets under management last year amounted to €492.8m for SRI bond funds and to €471m for SRI equities funds. Some €97.8m assets have been invested in SRI diversified funds. LBPAM managed €138.7m in SRI money market funds.
The asset manager has also highlighted that ESG criteria have been applied to €96.98bn of its total assets under management.
LBPAM will soon be merging its activities with those from Fédéris Gestion d’Actifs. Together, they will be managing over €170bn in assets.