NETHERLANDS – Sustainable Asset Management’s (SAM) flagship strategy SAM Smart Energy has surpassed the $1bn mark on the back of interest from institutional investors.
One Asian sovereign wealth fund recently invested $500m in the fund, which launched in 2003. Nearly all the fresh money into Sam's funds this year came from institutional investors, among them European, Asian and UK pension schemes. The Smart Energy fund now touts $1.3bn in assets.
Michael Baldinger, head of global clients at SAM, declined to name the SWF, but said it made the allocation via a managed account towards the end of the first half.
This reflects an increasing tilt towards institutional investors at the $13.7bn Swiss-based investment boutique that sits within Dutch asset manager Robeco.
The Smart Energy fund is one of 10 products at the house, which focuses solely on sustainability investing
The range focuses on a breadth of areas from water-related equities to equities linked in some form to climate change, to smart materials, ‘healthy living' and private equity investments in clean technology.
Baldinger says: "Global pension funds look at our funds as part of their ‘sustainability factors' allocation. For a while it has been about educating funds about the area, but now they understand the sector." He said pension funds are increasingly important to SAM.
SAM's institutional investors now comprise about half of its investor base. At the start of this year they made up 40%, with private sophisticated investors making up the rest.
While some institutional interest has been driven by an increasing general focus on socially responsible investing, Baldinger differentiated this to the investing style at SAM.
SAM integrates sustainability factors into its traditional investment analysis, whereas ethical-driven SRI managers are left with a range of companies only after some companies are excluded on various grounds.
Get the latest news direct to your inbox.
More from Equities
Updating your subscription status
This Aberdeen Asset Management hedge fund roundtable discusses what investors are looking for in hedge fund governance; lessons that have been learned from the past and how the industry is placed for the future.
The all-new Pensions and Benefits Show will be held on 12th-13th June 2013 at ExCeL, London.
The Pensions Institute provides 15 good practice principles in modelling defined contribution pension plans. These principles cover the issues such as: model specification and calibration, modelling quantifiable uncertainty, modelling member choices and modelling longevity risk.
After what has felt for many like an eternity, auto enrolment has finally arrived. As the UK's largest employers complete the process, now is an ideal time to consider some of the lessons learned so that employers with auto enrolment on the agenda for 2013, can avoid some of the pain and pitfalls that may occur along the way.
This whitepaper provides a checklist to ensure you are compliant with the new legislation.
GBP - 23500 per annum
GBP - 31500 per annum
GBP - 22000 per annum
Send to a friend