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PRI reporting framework 2020

You are in Organisational Overview » Peering questions

Peering questions

OO LE 01. Breakdown of listed equity investments by passive and active strategies (Private)

OO LE 02. Reporting on strategies that are <10% of actively managed listed equities (Private)

OO FI 01. Breakdown of fixed income investments by passive and active strategies (Private)

OO FI 02. Reporting on strategies that are <10% of actively managed fixed income (Not Applicable)

OO FI 03. Fixed income breakdown by market and credit quality

Update: this indicator has changed from "Mandatory to report, voluntary to disclose" to "Mandatory". Your response to this indicator will be published in the Public Transparency Report. This change is to enable improved analysis and peering.

FI 03.1. Indicate the approximate (+/- 5%) breakdown of your SSA investments, by developed markets and emerging markets.

47 Developed markets
53 Emerging markets
Total 100%
Indicate the approximate (+/- 5%) breakdown of your corporate and securitised investments by investment grade or high-yield securities.
Investment grade (+/- 5%)
High-yield (+/- 5%)
Total internally managed
Corporate (non-financial)

FI 03.3. Additional information. [Optional]

As already mentioned, 53% of our total AUM is invested in Fixed Income. Out of the total nominal amount, 57% is invested in SSA instruments with 53% in the EM space due to the heavy home bias and the categorization of our country as EM.  In this respect, the majority of our internally managed fixed income instruments in the corporate non-financial space pertain to issuers domiciled in Greece, with credit ratings below investment grade with the exception of one major issuer that holds the BBB- rating.  This brief description covers the two thirds of our internally managed long only strategies.  Our Absolute Return strategy, which ended the year at approximately EUR 200 million, has a home bias by up to a maximum of 25% and is thus an active holder of SSA, Corporate non-Financials and to a lesser extent Corporate Financiasl in the investment grade space.  Its target volatility strategy is attained through the efficient use of derivative instruments and FX strategies as an overlay in the underlying portfolio.  Last, but not least, our special purpose funds that have been purposely set up to be used by the Group's ex-insurance arm as unit-linked vehicles, mainly comprise EM SSA instruments.

If you are invested in private debt and reporting on ratings is not relevant for you, please indicate below

OO SAM 01. Breakdown of externally managed investments by passive and active strategies (Private)

OO PE 01. Breakdown of private equity investments by strategy (Not Applicable)

OO PE 02. Typical level of ownership in private equity investments (Not Applicable)

OO PR 01. Breakdown of property investments (Not Applicable)

OO PR 02. Breakdown of property assets by management (Not Applicable)

OO PR 03. Largest property types (Not Applicable)

OO INF 01. Breakdown of infrastructure investments (Not Applicable)

OO INF 02. Breakdown of infrastructure assets by management (Not Applicable)

OO INF 03. Largest infrastructure sectors (Not Applicable)

OO HF 01. Breakdown of hedge funds investments by strategies (Not Applicable)