Modern Investor - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Zurich Germany awards Euro equity ESG mandate

Zurich Germany awards Euro equity ESG mandate

Insurance giant Zurich Germany has appointed Columbia Threadneedle to run a new ESG-focused European equity, the company has announced.

The strategy will be managed by Columbia Threadneedle’s Ann Steele, who currently runs the Columbia European Equity fund and the Threadneedle Pan European fund.

Columbia Threadneedle has a significant long-term partnership with Zurich Germany and is one of the firm’s primary asset managers, across a broad range of different asset classes and strategies.

Columbia Threadneedle EMEA currently manages €11 billion in responsible investment mandates for clients around the world. A dedicated team of five work with the broader investment team to deliver ESG solutions to clients.

Commenting on the mandate, CIO at Zurich Germany, Michael Leinwand. said: 'We believe that proactively integrating ESG factors in our investing helps us to generate better long term financial returns for customers and shareholders. As a result we are focused on enhancing the integration of ESG practices adopted by our investment managers.'

He added that Zurich appointed Columbia Threadneedle to manage the new 'key strategy' utilising their expertise in this area. 'Ann Steele has an excellent track record in managing European equities and we are confident that she will deliver outstanding performance for us,' he said.

Global head of insurance at Columbia Threadneedle, Andrew Nicoll, added: 'The case for long-term responsible investment is clear: well-run sustainable businesses, will adapt, endure and deliver long-term sustainable investment returns.

'We have seen an increase in demand for ESG type strategies, particularly from our European clients, as investors clearly recognise the benefits that a responsible investment approach can bring.'

The US-only Columbia European Equity fund returned 15.27% in euro terms, in the three years to the end of January 2017. This compares with a 22.56% rise, by its Citywire-assigned benchmark the FTSE World Europe TR, over the same time period.

Elsewhere, the more widely available Threadneedle Pan European fund returned 20.45% in euro terms, in the three years to the end of January 2017. This compares with a 22.56% rise, by its Citywire-assigned benchmark the FTSE World Europe TR, over the same time period.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire DACH 2016

    Citywire DACH 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Berlin 2016

    Citywire Berlin 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Switzerland 2016

    Citywire Switzerland 2016

  • Citywire Thailand 2016

    Citywire Thailand 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Global New Ideas 2015

    Citywire Global New Ideas 2015