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April 18, 2023 – La Française is pleased to announce that its fixed maturity, climate-change oriented fund, La Française Carbon Impact 2026 has surpassed €200 million in assets under management (as at 06/04/2023). The credit fund is a diversified portfolio of approximately 150 global issuers with an average rating of BB (Source: La Française, as at 06/04/2023) and is co-managed by an experienced team of two: Marie LASSEGNORE, CFA, Head of Sustainable Investments & Investment Grade Portfolio Manager and Gabriel CRABOS, High Yield Portfolio Manager La Française AM.
The overarching objective of the fund to direct capital towards financing the energy transition and reducing greenhouse gas emissions. Over the recommended investment period which runs until 31 December 2026, the fund aims to outperform (after fees) French government bonds with a 2026 maturity. The fund invests in a portfolio of issuers filtered primarily according to Environmental, Social and Governance criteria and analysed with regard to their compatibility with the energy transition on the basis of a proprietary methodology. The fund is committed to having a weighted average of the portfolio's greenhouse gas emissions per euro invested (scopes 1 and 2) at least 50% lower than that of a comparable investment universe that would be the composite 30% Bloomberg Global aggregate Corporate Index 70% ICE BofAML BB-B Global High Yield Index.
La Française Carbon Impact 2026 (distinguished with the French SRI Label and classified Art. 9 SFDR ) has a yield to worst of 5.87% (gross of fees and net of hedging costs).
“In our view, La Française Carbon Impact 2026 is well positioned to navigate in the current market environment and even weather a deteriorating market outlook. The fund has a short duration and high convexity. A very defensive mix,” concluded Marie Lassegnore, La Française AM
La Française Carbon Impact 2026
Asset Class International bonds and other debt securities
Unit / ISIN code I / FR0013431194
Investment horizon to maturity on 31/12/2026
Synthetic Risk Indicator (scale from 1 to 7) 3
Main associated risks:
- Risk of capital loss, ESG investment risk, sustainability risk, discretionary risk, exchange rate risk, risk arising from techniques such as derivatives, equity risk associated with convertible bonds, interest rate risk, credit risk, default risk relating to issuers of debt securities, risk associated with investments in high yield securities, risk associated with investing in non-OECD countries, ounterparty risk, potential risk of conflict of interest, liquidity risk, risk associated with holding convertible bonds
The SRI Label does not guarantee the Fund's performance.
The French SRI label distinguishes “investments that aim to bring together economic performance with a social and environmental impact by financing companies and public entities that contribute to sustainable development regardless of their sector of activity”. (www.lelabelisr.fr)
About La Française
The major changes linked to environmental and societal challenges are opportunities to consider the future. The new levers which have been identified will constitute the growth and the financial and real estate performance of tomorrow. La Française management group’s forward-looking investment strategy is built upon this conviction and mission.
The group uses its capacity for innovation and its technology to serve its customers and to design its investment solutions that combine performance and sustainability.
Organised around two business lines, "Financial Assets" and "Real Estate Assets", La Française is developing its business with institutional and private clients in France and abroad.
La Française manages over €49 billion in assets through its offices in Paris, Frankfurt, Hamburg, London, Luxembourg, Madrid, Milan, Seoul and Singapore (31/12/2022)
La Française is a subsidiary of Caisse Régionale du Crédit Mutuel Nord Europe (CMNE), a member of Crédit Mutuel Alliance Fédérale (LT ratings A+/Aa3/AA- from S&P (12/2021) / Moody's (02/2022) / Fitch (05/2022).
Disclaimer:
PROMOTIONAL DOCUMENT FOR PROFFESIONAL INVESTORS ONLY (domiciled in ES) AS DEFINED BY MIFID II
Published by La Française AM Finance Services, with registered office at 128, boulevard Raspail, 75006 Paris, France, regulated by ACPR (“Autorité de contrôle prudentiel et de résolution”) as an investment services provider under no. 18673.
La Française Asset Management is a management company approved by the AMF under number GP97076 on 01/07/1997.
For any complaints, please contact the Customer Service Department at the following address: reclamations-clients@la-francaise.com
The La Française Group's policy for handling requests for information or customer complaints: Politique_de_traitement_des_reclamations.pdf (la-francaise.com)
The marketing of the fund may be stopped at any time by the management company and/or the marketer.
For more detailed information about the investment fund, please refer to the prospectus -Available in French and English) and to the Key Information Document (KID – available in Italian, German, Spanish, French, Dutch), which all interested parties should read before making any investment. The latest prospectus, the Key Information Document and the annual and semi-annual reports, which contain all the necessary information about the product including the costs and risks, are available free of charge upon request to La Française AM, 128 boulevard Raspail, 75006 Paris - France: contact-valeursmobilieres@la-française.com, at www.la-francaise.com or from:
- Spain: Allfunds Bank SA, Calle de Los Padres Dominicos, 7 28050 Madrid, Spain