At a glance
- The mandate includes two European equity index funds of nearly €400 million each and an €800 million global fund.
- The Geraldine R. Dodge Foundation committed its full portfolio to closing the racial wealth gap, ImpactAlpha reported on Oct. 13.
- ABP invested €150 million with SLM Partners under the Dutch pension fund's €11 billion climate and biodiversity target, our tracking shows.
Ircantec awarded nearly €1.6 billion in equity index mandates to Amundi and BNP Paribas Asset Management this week, our tracking shows, with a custom MSCI SRI index carrying a 7% annual decarbonization target. The mandate includes two European equity index funds of nearly €400 million each and an €800 million global fund.
The Geraldine R. Dodge Foundation committed its full portfolio to closing the racial wealth gap, ImpactAlpha reported on Oct. 13. The commitment covers all assets, not a separate program.
ABP invested €150 million with SLM Partners under the Dutch pension fund's €11 billion climate and biodiversity target, our tracking shows. The allocation is about 1.4% of that envelope.
The three allocations differ in size and structure, but each specifies its objective in the mandate rather than leaving it to management discretion.
Ircantec's €1.6bn index mandate, fund by fund
Two European funds of nearly €400m each, plus one global fund of €800m
- Global equity index fund800 €m
- European equity index fund (1)400 €m
- European equity index fund (2)400 €m
Show as table
| Item | Value (€m) |
|---|---|
| Global equity index fund | 800 €m |
| European equity index fund (1) | 400 €m |
| European equity index fund (2) | 400 €m |
Reported by The Wrap desk from ESG News, ImpactAlpha and Daily Network tracking. Published . Corrections