Santander Asset Management (SAM) reported on Monday that its sustainable funds range has reached €1bn in assets under management.
Gama Santander Sostenible was launched in January 2018 by SAM and is made up of four funds: Santander Sostenible 1 and Santander Sostenible 2 - a pair of mixed funds -, Santander Sostenible Acciones (an equity strategy), and Santander Sostenible Bonos, a green bonds fund launched earlier this month.
SAM manages more than a half (58%) of Spain's total assets under management in SRI strategies, according to June data from the industry body association Inverco.
The firm currently manages 10 SRI funds. In Spain, it manages eight funds of this class ( Santander Responsabilidad Solidario, Santander Solidario Dividendo Europa, Inveractivo Confianza, Santander Equality Acciones, and the four strategies of the Gama Santander Sostenible), in Portugal one (Santander Sustentável), and one in Brazil (Fundo Ethical).
Last year in October, SAM also launched a global equity strategy 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.
The Inveractivo Confianza was launched in 1995 as the first SRI fund launched in Spain.