Candriam, a global multi-asset manager focused on sustainable and responsible investments, has published its 2021 year-end results, with assets under management (AUM) sitting at a record €158 billion – an increase of €18 billion on 2020 figures.
ESG-related assets reached €105 billion at year-end, surpassing a milestone €100 billion for the first time in the firm’s history, and now making up 67% of Candriam’s total AUM.
Equities were the most popular asset category in 2021, representing almost 50% of the year’s inflows (€3.9 billion), while bonds, such as global high yield, attracted 26% (€2 billion). Absolute return and asset allocation attracted 30% (€2.2 billion) of total inflows.
Thematic global equity continues to be an important growth area for the firm. During 2021 the strategies attracted investments of €2.1 billion, underpinning total net sales of €7.4 billion, and further fund launches are anticipated in 2022.
Naïm Abou-Jaoudé, CEO of Candriam and chairman of New York Life Investment Management International, said: “I would like to thank our clients who continue to put their trust and confidence in Candriam, recognising our role as a pioneer in sustainable investing, driven by its core values of conviction and responsibility. As a result of this, we were able to achieve another record year of AUM, continuing our growth trajectory where we’ve seen assets double over the last seven years.”
In 2021, Candriam participated in 2,060 meetings with portfolio companies and voted on 26,605 resolutions.
Abou- Jaoudé added: “The strength of our platform is reflected in the unrelenting commitment of our employees, the long-term support of our shareholders, and the nimbleness of our organization that offers advanced ESG knowledge, innovation, transparency, and a constant focus on performance. With this unique and time-tested approach, I remain confident in our ability to continue to provide a value-added service to our clients.”
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