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EUROBANK ASSET MANAGEMENT MFMC

PRI reporting framework 2020

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Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]

The fund management section includes both UCITs Mutual Funds and segregated mandates that have been assigned to the Company for asset management through an RFP process.

The Fund of Funds section includes both UCITs Fund of Funds and segregated mandates that have been assigned to the Company for asset management through an RFP Process and in which the portfolio management has been mandated to be done with the use of active and passive funds and ETFs.  It also includes the Discretionary Asset Management mandates of high net worth clients of the Private Banking units of Eurobank, Eurobank Private Bank Luxembourg and Eurobank Cyprus, the portfolio management of which has been outsourced to Eurobank Asset Management MFMC.  Such portfolios invest solely in institutional share classes of UCITS funds, in ETFs and in cash.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Greece

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

51 FTE

02.4. Additional information. [Optional]

Eurobank Asset Management MFMC is a wholly owned subsidiary of Eurobank Ergasias, one of the four systemic banks operating in Greece.  The Group's presence outside of Greece includes Luxembourg, Cyprus, Bulgaria, Serbia and London.  In its role as asset and fund manager, Eurobank Asset Management MFMC has been assigned with the investment and risk management of UCITS mutual funds that are being domiciled and launched in Luxembourg out of Eurobank Fund Management Company (LUX) SA, which is also a wholly owned subsidiary of the Group, incorporated in 2006. In this context, we would also like to report that Eurobank Fund Management Company (LUX) SA had 3 FTEs as of the end of December 2019.


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

We should note at this point that Eurobank Ergasias SA, which owns by 100% Eurobank Asset Management MFMC, has been a member of the UN Global Compact since 2008 and is also a member of UNEP-FI, a signatory of the Principles for Responsible Banking and produces a corporate sustainability report annually according to the GRI Standards, where also Eurobank Asset Management MFMC corporate responsibility actions are referred.


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the assets which are subject to an execution and/or advisory approach. Provide this figure based on the end of your reporting year

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]

The figures under advisory above concern:  (i) advisory mandates with the Company's institutional investors and with high net worth individuals outsourced to our Company by the Bank's Private Banking, and (ii) services we provide to the Private Banking units of our organization in Greece, Luxembourg and Cyprus for the selection of third party funds whereby thematic funds are a distinct category.


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 10-50% 11 10-50% 13
Fixed income 10-50% 41 10-50% 12
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 <10% 1
Hedge funds 0 0 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash <10% 6 0 0
Money market instruments 10-50% 12 <10% 4
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

The above breakdown consists of the following:  (1)  institutional asset management mandates based on security selection and broken up in asset classes as internally managed, (2)  institutional asset management mandates using third party funds and ETFs and broken up in asset classes as externally managed with the cash component considered as internally managed, (3) Fund of Funds using both third party and own funds in their portfolio, whereby the third party funds have been broken up by asset class as externally managed and the own funds part of the fund of funds is broken up by asset class as internally managed and the cash and money market component considered as internally managed and (4) mutual funds based on security selection and broken up in asset classes as internally managed.


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Private)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

49 Developed Markets
51 Emerging Markets
0 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]

Over half of our company's AUM are invested in the Fixed Income market with a high concentration in Greek Government Bonds and Greek Corporate Bonds.  In this context and as MSCI classifies Greece in the Emerging Markets space, we have added in the EM percentage all our holdings of Greek Government Bonds, Greek Corporate Bonds, Greek equities, TD&MM equivalents held in Greece and cash.  Furthermore, we have also added our externally managed assets in EM equities and EM bonds plus our internally managed assets in Emerging Europe.


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