French boutique streamlines range for new SRI US equity fund

French boutique streamlines range for new SRI US equity fund

Paris-headquartered investment firm Meeschaert Asset Management has decided to merge two equity funds into a new vehicle as the manager seeks to streamline its fund range and push ESG offering, InvestmentEurope can reveal.

On 17 August 2018, the MAM AmeriQuant and the MAM Terra Nostra funds will be absorbed by the MAM Sutstain USA fund, whose launch is scheduled for 20 August 2018. Both operations were approved by the AMF on 22 June 2018.

The MAM AmeriQuant fund, overseen by Gregori Volokhine and worth €30.5m as of end May 2018, is a non-ESG systematic US all caps equity strategy while the €1.5m MAM Terra Nostra fund is exposed to commodity stocks globally and run by portfolio managers Guillaume Chaloin and Aurélien Taïeb, the latter having joined last February from Orange Bank.

The soon to be launched MAM Sustain USA fund, presented as a SRI US equity fund, will invest primarily in US large caps within the S&P 500 universe – at least 75% of its net assets – and considers environmental, social and governance criteria through a best-in-class approach.  It will rely on Sustainalytics’ research for ESG assessments.

Meeschaert AM argued that the absorption of MAM Terra Nostra by MAM Sustain USA will enable investors to benefit from the momentum in favour of companies addressing sustainable development challenges through an efficient use of natural resources.