Mirova Global Sustainable Equity Fund Surpasses $1 Billion in Assets Under Management
Natixis Investment Managers (Natixis) and Mirova today announced that the Mirova Global Sustainable Equity Fund (ESGYX) has surpassed $1 billion in assets under management. The fund is managed by Mirova US LLC (Mirova US), an affiliate of Natixis Investment Managers. Mirova is a certified B Corporation dedicated to sustainable investment, and one of only 20 asset managers selected by the Principles for Responsible Investment (PRI) organization to the PRI Leaders Group 2020(1).
Mirova Global Sustainable Equity Fund was launched on March 31, 2016 and recently celebrated its five-year anniversary. It is a high-active share, all-cap global equity portfolio that seeks long-term capital appreciation by maximizing exposure to companies with a positive impact on the United Nations’ Sustainable Development Goals, as well as those with strong performance on material environmental, social and governance (ESG) indicators2. The fund provides diversified exposure to global equities and can improve investors’ portfolio sustainability and carbon footprint. Mirova is a signatory of the Net Zero Asset Management initiative and, like all of Mirova’s equity portfolios, the strategy seeks to be aligned with a <2°C global warming scenario, in line with the Paris Agreement.
We are thrilled to reach this exciting threshold of $1 billion assets under management. This milestone announces to the world what we already know – ESG investing is the way of the future. It makes sense from a social and environmental impact standpoint and as a sound financial investment. At Mirova, we believe that if you invest in positive change and do it well, returns will follow
“The growth of the Mirova Global Sustainable Equity Fund in its first five years is a testament to investors’ increasing appreciation of the role ESG strategies can play in portfolios,” said David Giunta, CEO for the US at Natixis Investment Managers. “We congratulate Mirova on this achievement of $1 billion assets under management as yet another impressive milestone in their long history as an ESG investing specialist.”
The Mirova Global Sustainable Equity Fund benefits from Mirova’s deeply rooted experience in global sustainable investing and leadership in ESG. The portfolio management team conducts detailed fundamental research to select companies with competitive advantages that seek to deliver value over the long term and have high barriers to entry. They draw on a team of multi-disciplinary specialists and a Responsible Investment Research Team with analysts solely dedicated to thematic ESG research. The fund is co-managed by Hua Cheng, PhD, CFA®, Amber Fairbanks, CFA® and Jens Peers, CFA®. The fund seeks to maintain a relatively concentrated portfolio of approximately 50 global stocks and is managed by Mirova US. To provide flexibility and choice for investors, the strategy is also available to eligible financial advisors and their clients through retail separately managed accounts (SMA).
Mirova also manages other equity mutual funds available to US investors – the Mirova US Sustainable Equity Fund (MUSYX) and the Mirova International Sustainable Equity Fund (MRVYX) – which are also available to eligible financial advisors and their clients as SMAs. It also offers the Mirova US Climate Ambition Equity Strategy only as a Separately Managed Account (SMA) and an ESG fixed income mutual fund – the Mirova Global Green Bond Fund (MGGYX).