The “sustainable” funds recorded an honorable collection of 100 billion euros in 2020. The French offer was expanded with 245 new funds, the result: French companies now manage nearly 1,000 “sustainable” funds, reveals Novethic.
Of every 10 euros invested by the French, 6 euros go to “sustainable” funds
The enthusiasm of the French for responsible investment is not waning. In 2020, they deposited 100 billion euros in “sustainable” investment vehicles. Proof that they are redirecting their savings more towards “sustainable” funds, in 2020 the funds labeled SRI (socially responsible investment) captured 63% of the sums deposited in investment funds, against 20% in 2019. The outstanding amount of “sustainable” funds has, for its part, increased from 128 billion euros to 315 billion, Novethic learns in its balance sheet for the year 2020.
On the podium of management companies that hold the most labeled funds, there are three management companies that have bet on the distribution of their SRI funds in their network: these are Banque Postale Asset Management (LBPAM), BNP Paribas Asset Management and Natixis (Mirova and Ostrum).
Offer “responsible” funds, a legal obligation recently
More and more “sustainable” funds are being labeled, and the trend accelerated in 2020. Labeled funds now represent more than half of “sustainable” funds distributed to French savers, for two-thirds of outstandings. And this is not surprising: this development is due to the entry into force of the device of the PACTE law which makes compulsory from March 2021 the presentation of at least one labeled Unit of Account (UC) in the products of ‘life insurance.
159 of the 245 funds that appeared on the market in 2020 already had the SRI label (even though around thirty of them had not published their transparency code at the end of December 2020 or included a description of their mode of operation in their public documents). responsible management). The Greenfin green label, the target of which is environmental thematic funds, is also making good progress with an increase of 45% in the number of funds and 140% in the volume of assets in one year.