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Nordic investor tenders ESG-themed emerging market mandate

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A Scandinavian institutional investor is tendering a $200m (€181m) emerging market (EM) equity mandate, using IPE Quest.

The unnamed insurance company behind search QN-2162 said it was looking for exposure to large and mid-cap equities across the EM universe and was requesting proposals from active managers in the space.

It said the UCITS funds put forward for the mandate should comply with Solvency II reporting requirements, and be able to apply an environmental, social and governance (ESG) screening.

It also said the mandate’s investment universe must exclude weapons including cluster munitions, nuclear weapons and anti-personnel land mines.

Additionally, the insurance company said it would prohibit exposure to coal mining companies or utilities drawing revenues from coal. 

The mandate’s performance will be benchmarked against the MSCI Emerging Market index, and should limit tracking error to no more than 10%.

Interested asset managers should have at least $1bn in assets under management and a minimum track record of at least three years in similar strategies.

Managers have until 8 March to submit proposals, stating their gross-of-fees performance to the end of January. 

The IPE news team is unable to answer any further questions about IPE Quest tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email jayna.vishram@ipe-quest.com.

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IPE QUEST

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IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2467

    Asset class: Search for a broker (mainly ETFs).
    Asset region: Global.
    Size: 250m.
    Closing date: 2018-08-28.

  • DS-2468

    Closing date: 2018-08-24.

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