Santander Asset Management manages 66% of Spain's total AUM in SRI funds

Eugenia Jiménez
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Santander Asset Management manages 66% of Spain's total AUM in SRI funds

Santander Asset Management (SAM) hosted on Tuesday its first forum on responsible investment in a bid to reinforce its position as one of the leading entities in Spain making a change towards a more sustainable future.

During SAM's Sustainable and Responsible Investment SRI Forum held on Tuesday, the firm said it managed 66% of Spain's total assets under management in SRI strategies and that it had nine funds of this kind: seven in Spain, one in Portugal and one in Brazil.

SAM launched its first range of sustainable funds in Spain last year, made up of two mixed funds, Santander Sostenible 1 and Santander Sostenible 2, and of an equity strategy, the Santander Sostenible Acciones fund.

The firm also launched a global equity fund in October last year aimed at promoting gender equality. The strategy, Santander Equality Acciones, managed by the firm's veteran fund manager Lola Solana and her team, is the first fund in Spain investing in companies that promote gender equality at all levels.

In 1995, SAM launched the Inveractivo Confianza, which was the first SRI fund launched in the southern European country. The firm currently manages the largest fund following responsible and sustainable investment criteria, the Santander Responsibidad Solidario, which had €950m in assets under management as of January 2018.