Nomura AM launches a Global Sustainable Equity Fund on behalf Caisse des Dépôts
12 FEB, 2025
By Jose Luis Palmer from RankiaPro Europe
Nomura Asset Management (NAM) has launched a new Global Sustainable Equity fund vehicle for French investment manager Caisse des Dépôts and its client, the public sector pension fund Ircantec. The $1.8 billion mandate, initiated in December 2024, underscores a growing trend in the sustainable investment industry towards customized solutions that align with investors' specific ESG goals.
Tailored Approach to Sustainable Investing
The newly launched fund is a customized version of NAM’s existing Global Sustainable Equity (GSE) Fund, which was originally introduced in 2019. The core GSE strategy is a concentrated global equity fund designed to generate risk-adjusted returns by investing in companies with high positive total stakeholder impact.
Once fully funded, the GSE franchise will manage close to $1.8 billion in assets across its various strategies, including environmentally enhanced and Sharia-compliant versions. The fund is registered in Ireland and is accessible to investors across multiple European and Asian markets, including the UK, Germany, France, Spain, and South Korea.
Winning this business against such strong competition is a fantastic testament to all of the dedication the global equity team has put in over the last decade.
We tailored the strategy of our core Global Sustainable Equity Fund for the client and this reflects a trend within the sustainable investment industry towards working with clients on a more bespoke, partnership basis to support individual goals and viewpoints.
Alex Rowe, lead portfolio manager at Nomura AM
Ircantec's Commitment to ESG and the Paris Agreement
Ircantec, which manages assets worth €15.48 billion, has taken a strong stance on sustainability by aligning its investment portfolio with the Paris Agreement. As part of this commitment, the pension fund aims to reduce its emissions by 7% annually, covering Scope 3 emissions as well. Additionally, nearly 20% of Ircantec's portfolio is allocated to investments in the energy transition, reinforcing its dedication to sustainable growth.
We are pleased to welcome Caisse des Dépôts and Ircantec to our ever-growing pool of GSE clients.
Kenichi Suzuki, senior managing director and head of Nomura AM’s global business unit in the UK
With offices spanning Tokyo, London, Singapore, Frankfurt, and New York, Nomura Asset Management continues to expand its global footprint in ESG investment solutions, reflecting the increasing demand for customized sustainable finance products among institutional investors.
