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Service Providers Framework 2020

You are in Investment Consultancy » Manager selection and monitoring

Manager selection and monitoring

IC 12. ESG in manager selection, appointment and monitoring

12.1. Indicate whether you incorporate ESG factors into your manager selection and monitoring services.

Manager selection service

Manager monitoring service

12.3. Additional information. [OPTIONAL]


IC 13. Manager selection activities

13.1. Indicate what activities you undertake during the process of selecting a manager.

Research and screening


ESG people/oversight

Process/portfolio construction

Selection process and reviewing documentation

13.2. Indicate whether you use any of the following scores or targets in your manager selection process.

          qualitative assessment of incorporating ESG in the investment process

13.3. Additional information. [OPTIONAL]

IC 14. Incorporating asset owners’ investment principles in selection of manager

14.1. Describe how you incorporate asset owners` investment principles into the manager selection process.

          Based on the client's investment principles we recommend investment fund solutions to him. If our client is looking for a fund that strictly excludes certain sectors like tobacco or alcohol we will focus on funds that follow a strict exclusion approach. If our client is rather looking for a best-in-class ESG approach or an ESG integration approach, we will focus on such products.

14.2. Additional information. [OPTIONAL]

IC 15. ESG in selection due diligence

15.1. Briefly describe how you include ESG factors in your due diligence process for manager selection.

          We require managers to complete a survey indicating how esg factors are included in their process

15.2. Additional information. [OPTIONAL]

IC 16. Monitoring investment managers on ESG

16.1. Indicate whether you set any of the following to measure compliance/progress, or use the following information to review and evaluate the investment manager.

Setting measures for the investment manager as part of the monitoring process

Reviewing and evaluating information from the investment manager as part of the monitoring process

16.2. Describe how you raise and manage concerns when monitoring investment managers on ESG factors.

          As we regularly meet investment managers, we address the issue directly with them if there is a concern. Otherwise, we address the issue with the respective product specialist or relationship manager. If there won't be any improvement within a certain time frame and the issue is material, we will downgrade the investment fund on the respective ESG score and potentially deselect it.

16.3. Additional information. [OPTIONAL]

IC 17. Reporting back to asset owners

17.1. Indicate whether you report back to asset owners on your manager selection and/or monitoring activities.

17.2. If yes, describe how you report back and the frequency.

          For each selected investment fund, we provide a regular updated analyst report to our clients (asset owners).

17.4. Additional information. [OPTIONAL]

IC 18. Demonstrating value on manager selection, appointment and monitoring

18.1. Describe how you measure, track or otherwise demonstrate your value on manager selection and monitoring services.

          As for performance and risk, we daily monitor critical peer groups using Thomson Reuters and Bloomberg. On a weekly basis, we do a benchmarking with analysis of outliers. On a monthly basis, we do a peer group analysis and update of the watchlist with critical funds. Added to that, we provide to certain clients a calculation of the fund's performance against its competitors and its benchmark since the initiation of the recommendation. As for ESG, we regularly meet the recommended investment managers or product specialists and ask them about an update on the mentioned ESG factors. Furthermore, some investment funds provide regular ESG risk reports.

18.2. Additional information. [OPTIONAL]

IC 19. ESG in manager selection, appointment and monitoring (Not Completed)