NN Investment Partners (NN IP) signed a memorandum of understanding (MoU) today with China’s leading asset manager, China Asset Management Co. (ChinaAMC). The MoU will provide a platform for NN IP and ChinaAMC to explore joint product development opportunities and consequently leverage on each other’s capabilities in European and Chinese capital markets respectively. In particular, the MoU is expected to strengthen NNIP and ChinaAMC’s environmental, social and governance (ESG) offerings to clients.
Responsible investing has been an integral part of its business, as it integrates ESG factors into the investment process. NN IP introduced its first sustainable equity fund in 1999 and was one of the earliest signatories to the United Nations-supported Principles for Responsible Investment (PRI). The PRI Initiative has been instrumental in raising awareness about responsible investment among the global investment community and is seen as the leading international network of investors committed to integrating ESG considerations into their investment process and ownership practices.
ChinaAMC, provides investment management and advisory services to overseas institutional clients globally. It is also the first full service asset manager in China to have joined the PRI. Through a partnership, NN IP will play the pivotal role of an advisor to China AMC and help it develop and adapt international best practices in integrating ESG factors into its investment processes.
The MoU will also lay the foundation for both parties to collaborate on the OBOR (One Belt One Road) opportunities.