The Sicav of the pension fund is an "umbrella fund" meaning that it is divided into multiple Sub-Funds each representing a separate portfolio of assets. At the date of the PRI Reporting, the SICAV comprises the following Sub-Funds:
Effepilux Sicav – Investimenti a breve termine: Amundi
Effepilux Sicav – Titoli di Stato ed inflazione: Amundi, Credit Suisse, Fondaco SGR
Effepilux Sicav – Corporate IG Mondo: BlackRock Investment Management (UK) Limited
Effepilux Sicav – Corporate High Yield ed Obbligazionario Paesi emergenti: Fondaco Lux S.A., Vontobel Asset Management A.G.
Effepilux Sicav – Azionario: State Street Global Advisors
Effepilux Sicav – Liquid Alternatives, Fondaco Lux S.A.
With reference to ESG investments, the SICAV believes that responsible investing is an important part of good corporate citizenship as well as being important for long-term value creation. As a consequence the Sub-Funds are subject to a responsible investment policy that contains general responsible investment and environmental, social and governance (ESG) principles which are integrated in the security selection process.
The securities and third party funds selection is based on economic / financial analyzes as well as ESG considerations; both indicating risks and opportunities in the long run.