Storebrand, the Norwegian group with some €71bn under management, has launched its Storebrand Global ESG Plus, Storebrand Global Solutions and Storebrand Global Multifactor strategies into the Netherlands.
The Global ESG Plus is a fossil-free global equity strategy that tracks the MSCI World Index, the Global Solutions is an actively managed global equity portfolio investing in sustainable impact companies, while the Global Multifactor strategy seeks to generate strong capital growth through a long only, model-based investment approach which combines sustainability with four equally weighted risk factors; value, size, momentum and low volatility.
Operating a multiboutique structure, the group provides asset management through the Storebrand Asset Management, Skagen, Delphi and SPP brands. Skagen is part of Storebrand AM but operates as an independent manager and is integral to the distribution of the strategies into the Dutch market.
Jan Erik Saugestad, CEO of Storebrand Asset Management, said: "Sustainable solutions are more attractive than ever and demand across Europe is increasing rapidly. Our expertise in sustainability, smart beta, sustainable index and specialist active products means that we have a unique offering and through our multi-boutique platform we are well positioned to provide our solutions to a broader market."
The push into the Netherlands follows recent news, reported by InvestmentEurope, about a similar push into the Danish funds market - https://www.investmenteurope.net/news/4001682/headline - and the UK funds market - https://www.investmenteurope.net/news/4001408/norway-storebrand-targets-uk-market-sustainability-offerings - indicating that the Storebrand Group is seeking to diversify away from its traditional markets to build growth, but also tap into the growing demand across the region for sustainably managed assets.
Storebrand operates a proprietary Sustainability Rating system, which is used to evaluate more than 3,000 companies on ESG risks and opportunities aligned with the UN Sustainable Development Goals. The analysis is integrated into the investment process used by portfolio managers to make investment decisions.
The group also works with other investors in areas of PRI and sustainabilty, such as around climate change and soft commodities (soy, cattle, palm oil).
Saugestad added: "Storebrand has led the way by investing sustainably at scale for over 20 years and we are excited to extend our reach to include Netherland based investors. The need to address global environmental and social challenges has never been greater and our priority is to deliver sustainable investment solutions which provide clients with optimal risk-adjusted returns without compromising the ability of future generations to meet their own needs."
Michiel Krauss, managing director of Skagen Funds, Netherlands, said: "Storebrand has a long history of combining sustainability with innovation and we are delighted to be distributing their successful investment strategies in the Netherlands. In addition to sustainable portfolio solutions, we will continue to offer clients the best possible level of service and communication across our expanded range of complementary products."