Mirova, an affiliate of Natixis Investment Managers, has launched thematic equity fund which will focus on companies that are committed to promoting gender equality and increasing women's representation in top-level management.
Mirova Women Leaders Equity fund will invest in a global universe comprised of high-performance companies that are committed to increasing gender diversity. The security selection is based on qualitative and quantitative indicators to assess the strength of each company's approach, which Mirova has developed.
The fund will be managed by Soliane Varlet, who has 18 years of experience in asset management of which she has spent 13 years with the Group.
The strategy also adheres to Mirova's sustainability requirements. As with all of Mirova's products, it adopts a sustainable investment approach and will seek to obtain the SRI label. Its portfolio will also have a "2°C trajectory," in line with the goals set out in the Paris Climate Agreement.
"We believe that investors-both institutional and individual—are looking for clear investment solutions with a proven impact which are based on a strong economic rationale. Strategies addressing diversity and gender equality fit into this category perfectly. These issues are a social and an economic priority," said Philippe Zaouati, CEO of Mirova.
Mirova has also established a unique partnership with UN Women. A portion of the management fees from the Mirova Women Leaders Equity fund will go to the UN Women National Committee in France to finance projects promoting women's empowerment.
This partnership will allow Mirova to contribute even more directly to the accomplishment of UN Sustainable Development Goal #5: Achieve gender equality and empower all women and girls.
Mirova will continue to combine financial performance with social impact, building on the success of its first social impact investment fund, Insertion Emplois Dynamique, which was designed to encourage job creation in France.