Candriam Investors Group, a subsidiary of New York Life Investment Management (NYLIM), has announced the expansion of its SRI fund range with new strategies, in particular in the emerging market debt and high yield fixed income areas.
Candriam said it has created a SRI Sicav that gathers all SRI strategies.
Moreover, the company is currently tying a partnership with IndexIQ, another NYLIM’s investment boutique, in order to export its SRI expertise to the United States. The partnership is subject to regulatory approval.
Candriam has also announced the forthcoming launch of an institute for responsible investment with the aim of making both professionals and the public at large more aware of sustainable finance.
In parallel, the firm is going to launch the Candriam Academy that consists of an online platform for content and training for financial advisers in Europe.
Naïm Abou-Jaoudé, CEO of Candriam Investors Group, said : “We are living in a rapidly changing world with climate change, demographic and technological upheaval, growing inequality and rising extremes, among other factors.
“Faced with such challenges, economic agents have an important role to play in ensuring the development of a sustainable and responsible economy. All issues currently on the table are major challenges to which all players will have to respond without delay, not only for future generations, but also for today’s world.
“Sustainable and responsible investment is the best way to influence corporate behaviour and help companies achieve ecological impact while also making a positive social impact. This is exactly the philosophy that has driven Candriam for 20 years and that is the cornerstone of our corporate strategy.”
Candriam managed about €94.5bn in assets at the end of March 2016. SRI-compliant assets amounted to €20bn, around 21% of the company’s AUM.