Stockholm (NordSIP) – Mirova, an investment boutique affiliated with Natixis Investment Managers, has launched a thematic equity fund focusing on promoting gender equality and increasing women’s representation in top-level management, according to media reports.
The Mirova Women Leaders Equity fund was officially announced to investors on March 22nd. Soliane Varlet will manage the fund. The fund manager has 18 years of experience in asset management, of which 13 were spent at the group, according to Citywireselector. A portion of the management fees from the fund will go to the UN Women National Committee in France, says the same source.
“We believe that investors – both institutional and individual – are looking for clear investment solutions with a proven impact which are based on a strong economic rationale,” says Philippe Zaouati, CEO of Mirova. “Strategies addressing diversity and gender equality fit into this category perfectly. These issues are a social and an economic priority,” according to a report from Investment Week. “The new strategy also follows the group’s sustainability requirements and will seek to obtain an SRI label from a certification body,” says the same source.
“Socially responsible investment should be seen not as the application of definitive ethical rules, but rather as a dynamic process aimed at encouraging investments in the projects best suited to sustainable development challenges. With this approach, while ethical and financial concerns belong to two quite distinct orders, they can overlap and even be matched,” says Hervé Guez, Global head of research and Deputy CIO at Mirova.
The Mirova Women Leaders Equity fund comes in ten different share classes. There is no minimum initial investment or minimum holding for R and N class shareholders, who will all-in fees of 1.8%. The lowest fees (0.55%) are available to Q share class holders with a minimum € 5 million initial buy-in.