Amundi has announced that it has been appointed by The People’s Pension (“TPP”), one of the largest independent master trusts in the UK, to manage a GBP20 billion developed markets equity index climate focused mandate.
Amundi writes that it was selected due to the strength of its index portfolio construction, risk management capabilities and its high industry expertise. In particular, Amundi writes that its industry leading responsible investment commitments, which align with TPP’s stewardship priority areas, were a key factor in the appointment. This mandate is the latest addition to Amundi’s fast growing DC pension scheme business in the UK and globally, the firm says.
In addition to the mandate, Amundi will offer TPP access to a comprehensive suite of investment services and solutions, including responsible investment analysis, asset allocation advice and bespoke investor intelligence research through the Amundi Investment Institute. Amundi will also provide TPP with ESG data, metrics, reporting and data analytics through Amundi Technology’s ALTO platform.
Amundi’s Equity Index Team will be responsible for the management of this mandate across five regional equity index portfolios. Lionel Brafman, Head of Equity ETF & Indexing, Amundi ETF and Indexing business line, will be the lead portfolio manager. He will be supported by Isabelle Lafargue, Deputy Head of Equity ETF & Indexing. Both will be under the leadership of Laurent Trottier, CIO of Amundi ETF and Indexing business line.
Eric Bramoullé, CEO of Amundi UK, says: “This investment allocation by TPP is a reflection of our commitment to providing our clients with bespoke investment services that meet their individual requirements. As one of the largest independent master trusts in the UK, our partnership with TPP marks a turning point in our UK offering and we are delighted to work closely with the team to meet their investment objectives.”
Jean-Jacques Barbéris, Head of Institutional & Corporate Clients Division, ESG Supervisor, Amundi, says: “Clients are increasingly in search of bespoke investment solutions that are able to deliver strong risk-adjusted returns combined with a comprehensive commitment to responsible investment. This partnership with TPP is a testament to the strength of our wide-range of investment solutions and we are thankful to TPP for selecting us as a key partner in helping them achieve their net zero investment ambitions.”
Dan Mikulskis, Chief Investment Officer at The People’s Pension says: “We are delighted to be embarking on this partnership and keen to get to work with our team at Amundi to add value to our seven million members. Deep partnerships with leading managers are a key concept at the heart of our investment philosophy, as we build one of the largest asset owners in the UK.”
