UBP Asset Management (France) is authorised to offer the following services and carry out the following activities:
- Managing UCITS funds
- Managing alternative investment funds (AIF)
- Managing assets through mandates
- Providing investment advice
- Marketing the Group’s collective investment funds, as well as those from external managers
- Providing advice on investments and civil mandates in real estate
UBP Asset Management (France) today
- UBP Asset Management (France) has been the UBP Group’s asset-management company in France since 1998.
- It is the UBP Group’s centre of expertise for convertible bond management and real estate investment advisory services.
- It handles the marketing of the UBP Group’s products and expertise in France*, in particular the Luxembourg SICAV, “UBAM”.
- It brings together a management structure and skill set that respond to the unique requirements of French institutional investors thanks to its team of around twenty people who are dedicated to institutional asset management.
- UBP Asset Management (France) is well established in France with around 100 institutional clients and some EUR 3.1 billion** in assets under management.
- In 2021 it joined the Forum pour l’investissement responsable (FIR), a founding member of the Eurosif network.
Responsible Investment at the UBP Group
The UBP Group signed up to the United Nations Principles for Responsible Investment (UNPRI) in March 2012. Since then, it has developed its Responsible Investment Policy (RI Policy) and gradually integrated environmental, social and governance (ESG) criteria into its investing. Since 1 January 2018 the UBP Group has been expanding its RI policy and strengthened its process for selecting and filtering the companies in which it invests, in particular by clarifying the ESG criteria it takes into account, the internal governance structure of its RI approach, and its investment processes (with an exclusion list, an inclusion list, and a watch list).
UBP Asset Management (France) applies the UBP Group's policy, including ESG criteria, to the portfolios it manages whilst also taking into consideration specific requirements for institutional mandates and dedicated portfolios
Its convertible bond strategies are managed according to strict proprietary responsible investment principles. Investors are also provided with ESG reporting as per regulations and specifically in application of Article 173 of the French energy transition law.
Further information on Responsible Investing at UBP can be found here.
* This business may generate retrocessions on part of the fees charged by the UCITS.
** As at 30 June 2021.
Scope of application
As per the UBP Group’s internal directives, its responsible investing policy (including exclusion lists, watch lists and inclusion lists) applies to all the convertible bond strategies of the UBAM SICAV. In addition to the Group’s RI Policy, funds with a French SRI rating apply specific exclusion and inclusion criteria, defined in their respective responsible investing transparency codes. Other collective investment schemes managed by UBP Asset Management (France) are (i) reserved funds, for which the RI policy must be approved by the investors, or (ii) funds whose management we have delegated, in which case the investment policy that applies is that of the third-party manager.
As per applicable regulations and UBP’s internal directives, UBP Asset Management (France) has implemented a voting policy suited to its activities. This policy stipulates the circumstances in which we intend to exercise the voting rights that come with ownership of shares in the UCITS we manage.
The report on the exercise of voting rights for funds managed by UBP Asset Management (France) is also available from the management company upon request.
The EU’s Sustainable Finance Disclosure Regulation (2019/2088)
With ambitions climate-protection and energy-transition targets, the European Union has issued the Regulation on Sustainability‐Related Disclosures in the Financial Services Sector (known as SFDR).
Sustainability risk is defined in the SFDR as “an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment.” When providing its services and products, UBP Asset Management (France) assesses all the relevant financial risks, including sustainability risks. Click here for more details on UBP’s sustainability risk management framework.
Impact of sustainable finance regulations on remuneration
To ensure that sustainability risks and opportunities are taken into account by all its business lines, UBP’s remuneration structure discourages excessive risk-taking with respect to sustainability and is linked to risk-adjusted performance. In parallel it provides motivation for developing responsible investment and sustainable practices. In this respect, the Bank’s objective is to provide more transparency, in both qualitative or quantitative terms, on these factors and to promote sound and effective sustainability practices and sustainability risk management. The Group has therefore set a series of sustainability key performance indicators (KPIs) which aim to promote responsible investment and corporate social responsibility (CSR). The Remuneration Policy is available below.
Principal adverse impacts
Financial market participants and financial advisers are required by the SFDR to provide information on how they consider Principal Adverse Impacts (PAI) in their investment decisions and, where applicable, investment advice. PAI are defined as “any negative, material or likely to be material effects on sustainability factors that are caused, contributed by or directly linked to investment decisions and advice performed by the legal entity”. As of 2021, given the limited availability of reliable data across all asset classes to rely on to implement such requirements, UBP has decided that it will not apply PAI analysis for the time being, either at entity or at group level. UBP may reconsider its position in the future. However, UBP takes into account PAI in the management of its sustainable products (as per Articles 8 and 9 of the SFDR).
UBP Asset Management (France)Contact Us
116, avenue des Champs-Elysées,
75008 Paris, France
Tel.: +33 1 75 77 80 80