DNB AM moves Future Waves fund to Article 9 – PATRIMOINE24 – All news in wealth management

Paris, 11 January 2023 – DNB Asset Management, a responsible investor for more than three decades, announces the renewal of the SFDR status of its funds and in particular the upgrade of DNB Future Waves to Article 9 (previously Article 8).

Since the fund’s launch in the summer of 2021, managers Isabelle Juillard Tompsen and Audun Wickstrand Iversen have implemented a rigorous process based on multiple ESG criteria and an investment framework based on the SDGs. However, given the conservative SFDR policy of the Norwegian management company, the fund was classified as Article 8 when the fund was launched.

It is a global equity fund invested in companies that contribute to the achievement of the UN’s Sustainable Development Goals (SDGs), particularly in the ocean and environment fields. The main theme of the fund is the blue economy defined by the OECD (about 40%); sectors directly or indirectly related to the oceans, such as aquaculture, maritime transport, biomarine resources or marine renewable energy. The fund also highlights 3 other themes related to the blue economy: green economy, climate and social welfare. Through these 4 themes, the fund is exposed to 11 SDGs: (6) Access to clean water (14) Aquatic fauna and flora (9) Innovation and infrastructure (11) Sustainable cities (12) Responsible consumption (15) Terrestrial fauna and flora (7) ) Renewable energies (13) Combating climate change (2) Combating hunger (3) Access to health and (4) Access to education.

With the entry into force of the second part of the SFDR on 1 January 2023, DNB AM has updated its Luxembourg SICAV prospectus to adapt to the new legislation. This update allowed the reclassification of certain funds, including DNB Future Waves. To date, the declassification of DNB funds should not be mentioned.

In this new version of the prospectus, among other things, information about the percentage of sustainable investments; sustainability indicators; mandatory elements and taxonomy compliance percentage according to the rules definition.

“Since the launch of DNB Future Waves, we have been very demanding in our management work and in 2021 we were able to implement this reclassification thanks to the creation of our own ESG LAB database. ability to manage and analyze data. DNB Future Waves manager Isabelle Thompson explains.

“This long-awaited increase will allow us to be more consistent in our communication and respond to the wishes of many investors. In a context of multiple classifications, we are proud to add the second item 9 fund to our line-up, after DNB Renewable Energy, which has maintained its status. adds Marta Oudot, DNB AM’s French-speaking European director.

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DNB Asset Management is one of the leading Nordic asset managers. The company offers a range of thematic and Nordic products. It manages approximately €77 billion for private and institutional clients. DNB Asset Management is 100% owned by DNB ASA, a leading Norwegian financial institution listed on the Oslo stock exchange.

Disclaimer: The information contained in this document is not contractual in nature. The statements herein should not be construed as an offer, recommendation or invitation to buy or sell any UCITS fund, hedge fund, security or other product by DNB Asset Management or any other group company, DNB or any other financial institution. All information reflects the current views of DNB Asset Management, which are subject to change without notice. DNB Asset Management does not guarantee the correctness and completeness of the information. This information does not take into account the individual investment objectives, personal financial situation or special needs of the investor. DNB Asset Management assumes all responsibility in case of loss of investment made on the basis of this information. You can get acquainted with our general terms of sale on our website www.dnbam.com

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