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Grupo Fineco

PRI reporting framework 2020

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You are in Indirect – Manager Selection, Appointment and Monitoring » Appointment

Appointment

SAM 04. Appointment processes (listed equity/fixed income)

04.1. Indicate if in the majority of cases and where the structure of the product allows, your organisation does any of the following as part of the manager appointment and/or commitment process

04.2. Provide an example per asset class of your benchmarks, objectives, incentives/controls and reporting requirements that would typically be included in your managers’ appointment.

Asset class

Benchmark

ESG Objectives

          We ask them to integrate ESG criteria when managing our portfolio, each of them according to their own guidelines (we do not set specific guidelines; we ask them and control them to be consistent with what they say they do)
        
          We ask them to report their engagement process especially when there has been a worsening situation in a specific country, or when their internal ESG rating is very low but the sovereign is in the portfolio
        

Incentives and controls

Reporting requirements

Benchmark

ESG Objectives

          We ask them to integrate ESG criteria when managing our portfolio, each of them according to their own guidelines (we do not set specific guidelines; we ask them and control them to be consistent with what they say they do)
        
          We ask them to report their engagement process especially when there has been a problem with a company in the portfolio, or when their internal ESG rating is very low but the company is in the portfolio
        

Incentives and controls

Reporting requirements

Benchmark

ESG Objectives

          We ask them to integrate ESG criteria when managing our portfolio, each of them according to their own guidelines (we do not set specific guidelines; we ask them and control them to be consistent with what they say they do)
        
          We ask them to report their engagement process especially when there has been a problem with a company in the portfolio, or when their internal ESG rating is very low but the company is in the portfolio
        

Incentives and controls

Reporting requirements

04.3. Indicate which of these actions your organisation might take if any of the requirements are not met

04.4. Provide additional information relevant to your organisation`s appointment processes of external managers. [OPTIONAL]

          In listed equity for our funds of funds, we ask them the requirements to our selected managers but we ask them (and we monitor them afterwards) to do the proxy voting.
        

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