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Maj Invest

PRI reporting framework 2020

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Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

Maj Invest's investment strategy varies between asset classes. 

The equity strategies are characterised by a broad investment universe, but with concentrated portfolios which reflect a high conviction approach in the selection of securities. In our company research we focus: understanding of the business model and products, the company’s ability to create a higher economic return over the next 2-3 years than that of the general economy, and whether this is reflected in the share price, the potential for sustained or improved earnings growth and return on shareholders’ equity, the ability to sustain or improve the market position of the products, the competences, strategy and focus of the management team and ESG factors.

Portfolio construction in fixed-income strategies is based on top-down and bottom-up analysis and includes three pillars: analysis of the macroeconomic environment, analysis of the three segments: government bonds, mortgage bonds and credit bonds and quantitative analysis on a bond level. All portfolios are ESG screened.

Private equity has a partnership approach making investments as both minority and majority investor in Denmark and abroad. The approach has strong active ownership practices, including integrating ESG factors. Maj Invest Financial Inclusion funds have a financial-first impact investment strategy. 

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

URL/Attachment

URL/Attachment

02.3. Additional information [Optional].

For our private equity information can be found here: https://majinvest.com/en/private-equity/investment-strategy/

And here: https://majinvest.com/en/equity-international/financial-inclusion/esg-impact/


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

We have a formalised policy covering our approach to managing potential conflicts of interest in the investment process and which includes client and asset class specific guidelines. The policy is compliant with MiFID II and AIFM for asset management and private equity, respectively. The policy also includes a list of examples of potential conflicts of interest. The policy can be found online on https://majinvest.com/en/about-maj-invest/information/legal-information/ 

This policy is supplemented by formal procedures. 

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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