Candriam reinforces partnership with Allianz Bank in Italy
Candriam has made available exclusively to Allianz Bank Financial Advisors a flexible balanced investment solution with an ESG focus.
Candriam ESG Solution aims to seize the long-term opportunities offered by the four megatrends identified by Candriam: environmental and social changes, technological progress, demographic trends and the shift in the economic structure towards emerging economies.
The new vehicle is available within the life insurance offerings of Unit Linked Challenge Pro and Private Challenge of Darta Saving Life Assurance dac, the Irish arm of the Allianz Group. It will be distributed by Allianz Bank Financial Advisors.
The Candriam Equities L Oncology Impact fund is also distributed by Allianz Group. This strategy supports the development of a wide range of cancer diagnostics and treatments while seeks to identify those breakthrough innovations that are changing the way we treat cancer. When the fund was launched, Candriam said that it would offer investors the opportunity to put their money into a fund which has a direct positive social impact. Also,10% of the management fees of the fund support cancer research through leading European cancer research institutes.
Paola Pietrafesa, managing director of Allianz Bank Financial Advisors and head of insurance life policies of Allianz, said: "We are pleased to announce the expansion of our partnership with Candriam, one of the most important global managers in the sector of sustainable investments. With Candriam we share those values of transparency, integrity, social and environmental responsibility that have always been key for the entire Allianz Group."
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