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ETHENEA Independent Investors S.A.

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]

ETHENEA Independent Investors S.A. reports on the Assets under Management for the Ethna Funds, the Ethna SICAV and all fund management mandates the company was responsible for in the reporting year.


OO 02. Headquarters and operational countries

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

Luxembourg

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).

22.30 FTE

02.4. Additional information. [Optional]

The given information concerns ETHENEA Independent Investors S.A. as per 31.12.2019. Please be advised that during 2019 several consolidation activities have taken place.

In January 2019, ETHENEA and its sister company MainFirst Asset Management consolidated their distribution support activities in a newly formed company. With this new company, FENTHUM S.A., headquartered in Luxembourg, the competencies of the Business Development Services (BDS) teams of ETHENEA and MainFirst, as well as ETHENEA’s Product Group, will be combined and strengthened.

FENTHUM supports ETHENEA and MainFirst to distribute their funds in various markets and provides the specific product information that the BDS teams need to support and update their clients. As ETHENEA and MainFirst want to focus in future on their core business - asset management - the consolidation of distribution support in a company specialising in this area is a logical step. ETHENEA and MainFirst will remain independent. The merger of the BDS teams will result in advantages at both the country and client level, as well as in the areas of product range, service, resources, client contact, and market presence. Both asset managers had established BDS teams, but have so far focused on regionally different markets and client groups. FENTHUM now unites these local teams and their respective expertise. By consolidating the distribution support in the individual countries, the BDS teams will be strengthened in terms of personnel and can consequently reach a larger client base and offer them an optimised service. All three companies, MainFirst Asset Management, ETHENEA and FENTHUM, are majority-owned by Haron Holding. With the formation of FENTHUM, the three sister companies will focus even more strongly on their core business: a broad range of asset management solutions with excellent client service.

On October 1st, the competencies of the ETHENEA and MainFirst Marketing departments were consolidated and a total of 15 employees moved to FENTHUM S.A. This created synergies designed to offer ETHENEA and MainFirst optimum service and the best possible marketing and communication support.

Also in October 2019, the ETHENEA Accounting & Controlling, Legal & Tax, IT & Organisation, and Corporate Services teams, as well as one member of the Human Resources team, were outsourced to the newly established service company HARON Services S.à r.l.. This company acts as a central provider of back-office services for various Group entities, including ETHENEA, MainFirst, and FENTHUM.


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]


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

04.5. Additional information. [Optional]


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% 16.9 0 0
Fixed income >50% 69 0 0
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities <10% 5.8 0 0
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% 2.7 0 0
Money market instruments <10% 5.6 0 0
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]

We address to the fact that the products in the category "Commodities" are derivative products.


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market

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

98.4 Developed Markets
0.4 Emerging Markets
0 Frontier Markets
1.2 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]

The category "Other Markets" entails the following countries: Cayman Islands, Bermuda, Jersey, Luxembourg and Supranational. Because of the missing MSCI classification, we had to put those countries in the "Other Markets" category. However, we would categorize Luxembourg, as well as our holdings in "Supranational", as "Developed Markets".


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