NN IP and Irish Life IM join hands for sustainable strategies
NN Investment Partners (NN IP) and Irish Life Investment Managers (ILIM) have started to jointly manage a range of sustainable enhanced equity index strategies. These strategies incorporate NN IP's long history of environmental, social and governance (ESG) investing together with ILIM's expertise as a global indexation manager.
NN IP and ILIM are exploring several initiatives to combine their expertise to the benefit of their respective client bases; these ESG solutions are a specific result of this partnership. The strategies provide low-cost equity solutions for institutional clients that seek to incorporate ESG factors into their equity portfolios while targeting comparable risk/return to the traditional benchmark. As a result, these solutions can serve as attractive building blocks for institutional portfolios.
Shane Cahill, head of Indexation Business at Irish Life Investment Managers said: "We have seen significant growth in our indexation business over the past few years and these launches bring our overall indexation assets under management to over €50bn. Our partnership with NN IP reflects the growing demand from clients for ESG investment options and allows us to expand our offering in this area."
Jeroen Bos, head of Specialised Equity & Responsible Investing at NN Investment Partners added: "Through this partnership we offer our clients attractively priced sustainable solutions that benefit from ILIM's expertise in efficient, low-cost implementation of equity portfolios. Meanwhile, we ensure that the funds have a strong sustainability profile and do not invest in companies with serious ESG controversies (i.e. controversy scores 4 and 5). Our selection process also rewards companies for good governance and effective climate change policies. As a result, the funds have significantly smaller carbon footprints than traditional index investments."
With sustainability becoming more and more integral to investing, NN IP's sustainable enhanced index strategies will enable investors to make a positive change in the world without sacrificing returns.
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