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Lyxor Asset Management

PRI reporting framework 2020

Export Public Responses

You are in Strategy and Governance » Outsourcing to fiduciary managers and investment consultants


SG 12. Role of investment consultants/fiduciary managers


12.1. あなたの組織では、投資コンサルタントを使用しているかどうかを明示してください。

12.2. 組織では、外部運用会社の選定、指名やモニタリングにおいて投資コンサルタントを使用しているかどうかを明示してください。

12.4. 組織が下記のサービスについて投資コンサルタントを利用しているかどうかを記載してください。これらのサービスについてどのような責任投資要素が含まれるのか説明してください。


          The Investment Manager and the Company  appoint an Investment Adviser 
The Securities, Investment Funds and other assets in which the Fund invests is selected and recommended from time to time by the Investment Adviser and approved by the Investment Manager.
The Investment Manager reserves the right not to invest into any of the Securities, Investment Funds and other assets recommended by the Investment Adviser, subject to having previously informed the Investment Adviser. In other words, the recommendation of the
Investment Adviser (if any) shall not be binding on the Investment Manager.

12.5. 組織では、フィデューシャリー・マネジャーのモニタリングにおいて以下の責任投資要因のいずれかを考慮しているかどうかを明示してください。

12.6. フィデューシャリー・マネジャーのモニタリングを行うにあたって組織が取っているアプローチ、およびこのアプローチを選択した理由について説明してください。[任意]

Lyxor has developed a capacity to evaluate extra-financial valuation of external management companies, including a review of the following points :

- Their ESG analysis capacity
- The investment process / ESG integration in their management
- Their voting and engagement policies

This allows us to establish a rating of the external management companies:
 - A basic scoring is first established from the UN PRI scores.
 - On the basis of LYXOR's questionnaires, we can adjust this score downwards if we consider that it is not sufficiently representative of real capacities.

This approach provides a general overview of the level of ESG integration and compares external management companies

In the context of the relationship between Lyxor and its trading advisors (of the managed accounts) to which we have delegated the management of the fund, we have regular discussions with asset managers to try to convince them to comply with this exclusion list.

Regarding the respect of exclusion lists: Independent controls are performed within LYXOR Risk Team on NAV frequency basis.

12.7. 補足情報 [任意]