Madrid-based Mapfre Asset Management has had three of its funds classified as Article 8 sustainable funds by Luxembourg’s financial regulator the CSSF.
The Luxembourg-domiciled Sicav sub-funds are the firm’s European Equities fund, Iberian Equities fund and a good governance fund, which seeks out companies with good corporate governance practices.
All three mutual sub-funds were previously available, but ESG criteria have now been incorporated into their investment decisions.
“This represents another step forward in our commitment to increasing our line of sustainable products. Traditionally, these funds have always done well, but now we’ve given them an important qualitative enhancement, by focusing on investments that help improve society and the environment,” said Álvaro Anguita, Mapfre AM’s managing director.
The firm is now seeking to obtain Article 8 (SFDR) classification for its global bond fund.
