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Fisch Asset Management AG

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

投資ポリシー

SG 01. RI policy and coverage

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

01.1. 責任投資アプローチをカバーする投資ポリシーを策定しているかどうかを明示してください。

01.2. ポリシーの構成要素/種類と対象範囲を示してください。

当てはまるものをすべて選択してください。
ポリシーの構成要素/種類
AUMの対象範囲

01.3. 投資ポリシーが以下のどの項目をカバーしているか明示して下さい:

01.4. 組織の投資原則および全体の投資戦略、受託者義務(または同等のもの)の解釈、ならびに、ESGファクターおよび実体経済の影響をどのように考慮に入れているかについて説明してください。

ESG philosophy

An investment process based on long-term sustainable investment considerations and taking ESG criteria into account is, in our view, a decisive factor in achieving maximum risk-adjusted returns and, hence, also in our clients’ best interests. We are confident that research about sustainability topics is essential to a comprehensive understanding of risks. Accordingly, ESG aspects are a basic component of our research process.

Taking ESG criteria into account helps us identify additional opportunities and risks in credit analysis, thus supporting us better understand companies in which we invest and, hence, make better investment decisions resulting in higher risk-adjusted returns over the long term.

ESG integration is based on the following convictions:

  • ESG criteria are integrated into our research processes in the most meaningful way possible to provide greater insight into fundamentals;
  • Our task is to manage our investors’ assets in a responsible manner. This makes it essential to take sustainability considerations into account, as well, and to engage issuers in a direct dialogue;
  • Business or corporate practices that do not comply with the objectives of responsible investment are excluded.

Our global sustainable convertible bond strategy expands the integrated approach with a combination of exclusion criteria and a best-in/best-of-class approach.

01.5. 責任投資アプローチをカバーする組織の投資ポリシーの重要な構成要素、バリエーション、例外事項を簡潔に説明してください。[任意]

According to our ESG investment policy we never invest in manufacturers of banned armaments. We incorporate sustainability research into our fundamental credit analysis and communicate with companies on the subject of sustainability. Responsible investment helps us to identify additional risks and opportunities when selecting issuers.

Fisch manages several mandates with a focus on responsible investments. The forms of implementation are manifold. For example, we have clients that provide us with exclusion lists in order to ensure a strategy that is purely based on responsible investments.

In 2009, Fisch launched one of the first sustainable convertible bond fund together with cooperation partner Bank J. Safra Sarasin AG, which provides the sustainable investment universe, a combination of exclusion critiera and best-in-class/best-of-class approach. The key elements of this investment approach are formed around following risks: - Environmental risks: regulatory changes, accidents, pricing of resources, environmental liabilities, protests, etc. - Social risks: labour conflicts, supply chain issues, corruption, product liability, loss of reputation, etc. - Governance risks: sustainability of business model, board culture, remuneration, communication with shareholders, etc.

01.6. 補足情報 [任意]

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

02.1. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

URL/添付ファイル

URL/添付ファイル

02.2. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

02.3. 補足情報 [任意]


SG 03. Conflicts of interest

03.1. 組織として、投資プロセスにおける潜在的な利益相反を管理するポリシーを策定しているかどうかについて明示して下さい。

03.2. 投資プロセスにおける潜在的な利益相反を管理するポリシーについて説明してください。

Fisch does not engage in proprietary trading, does not generate income from trading and does not accept retrocessions or soft dollars. Hence, Fisch has no major source of conflicts of interest.

Furthermore, our corporate culture is characterised by independence, entrepreneurial spirit and joint ownership. The firm is 100% owned by its employees. In our view, the large extend of entrepreneurial spirit and pronounced corporate transparency leads to a genuine prevention of conflicts of interest.

03.3. 補足情報 [任意]


SG 04. Identifying incidents occurring within portfolios (Private)


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