Euro Active Investors
The Euro Active Investors mutual fund (FCP – fonds commun de placement) allows subscribers to invest in accordance with their principles and still achieve a strong performance. Euro Active Investors is a corporate governance initiative fund invested in European securities listed in the Euro zone. Through its active shareholder policy, the Fund aims to influence the companies in its portfolio in order to improve their governance, environmental practices and social development strategy. Until 15 April 2007 the Euro Active Investors fund was known as the Euro Mid Cap Active Investors fund.
Euro Active Investors is invested in French securities and aims to outperform the DJ EUROSTOXX 50 index (excluding dividends),regardlessof its evolution, by applying a quantitative methodology of processing non-financial information obtained within the framework of its shareholder engagement activity. This methodology leads to:
- the overweighting of companies that make progress towards adopting ESG principles and respond to the Fund’s initiatives;
- the underweighting of companies that fail to comply with international ESG principles and show little interest in proposals for constructive dialogue with a view to improvement.
The Fund is managed on an index-tracking basis and aims to maintain a tracking error of no more than 4% between the Net Asset Value (NAV) of the UCITS fund and that of the Index.Should the tracking error exceed 4%, the objective is to stay below 20% of Eurostoxx 50 volatility.
In 2010 and 2011, EURO ACTIVE INVESTORS obtained the Novethic label together with the Engagement award
The “Novethic SRI Label” is awarded to Socially Responsible Investment (SRI) funds whose management systematically takes Environmental, Social and Governance (ESG) issues into account. Fund promoters must publish details of the fund’s SRI management approach, provide reporting on the SRI characteristics of the fund and disclose a complete list of portfolio holdings. This label does not cover the financial characteristics of the funds; it is neither a guarantee of financial performance nor an incentive to invest in the funds.In addition to the Label, two specific awards for “ESG Indicators” and “Engagement” may be granted.
For more information, you are invited to consult the following articles:
> “Novethic awards its 2010 SRI Label to 142 funds”
> “156 funds awarded the Novethic 2011 SRI Label”
Euro Active Investors is a signatory of the Transparency Code, conceived and approved by the AFG (French Asset Management Association) and FIR (French SIF – Sustainable Investment Forum).
