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Etica Sgr is an asset management company founded in 2000 by
Banca Popolare Etica, which is still its main shareholder. Nowadays the others
shareholder are Banca Popolare di Milano, Banca Popolare di Sondrio,
Cassa Centrale delle Banche di Credito Cooperativo del Nord-Est e Banca
Popolare dell’Emilia Romagna. Etica Sgr develops and promotes exclusively
socially responsible investments to address families and institution financial
investments towards those companies and countries with an outstanding social
and environmental responsibility. Etica Sgr represents an important innovation
here in Italy because is the first and the only ethical asset management
company. In recent years the returns were also among the best in the market
of mutual funds.
Socially responsible investment integrates environmental, social,
and governance considerations, into investment decision-making.
Etica Sgr wants to take a closer look at what is financing.
For the issuing company identification Etica Sgr enjoys a collaboration with
specialized data banks committed to our responsibility, evaluation and exclusion
profiles. Etica Sgr then applies negative and positive criteria, divided into three
main areas: governance, social and environment. Our negative criteria
implies an exclusion: for example are excluded from our investment
companies that manage nuclear power plants, or States applying death penalty.
Our Positive criteria implies a variable valuation: we use about 70 criteria to
evaluate companies and about 50 to evaluate government bonds.
Subsequent to the application of these criteria, Etica Sgr update the Investible
Universe of equities and bonds and give it to Anima Sgr that executes the
financial analysis and completes transaction with these securities.
Anima Sgr aims to build diversified and efficient portfolios through the selection
of securities from the Investible Universe defined by Etica Sgr. This collaboration
allows to share with Etica Sgr our experience and knowledge through
advanced analysis tools. Ethical funds’ portfolio is built according to active
asset management, diversification and risk management principles to optimize
the risk-return ratio.
Etica SGR promotes in Italy four mutual funds: Etica Obbligazionario a Breve
Termine, Etica Obbligazionario Misto, Etica Bilanciato and Etica Azionario.
Each mutual fund has a different risk-return ratio: Etica Obbligazionario
Breve Termine has a lower risk than Etica Azionario. These ethical funds can
be subscribed thanks to a lot of different distributors all over Italy, on-line
banks and financial planners. Recently, Etica Sgr launched institutional
share-classes of its funds that target pension funds, asset management
companies, foundations, etc. Responsible investments does not imply
a lack of return compared to the traditional fund standard. Our
investments are “patient”: they are not speculative and are perfectly consistent
with our philosophy of true value creation and maximization of the
invested capital in the long run. The success of our performance, even in time
of crisis, is confirmed by several awards achieved, such as the “Lipper Fund
Award”, the “Premio Alto Rendimento” (Il Sole 24 Ore), the “Tripla A” (Milano
Finanza). All thanks to the collaboration with Anima Sgr.