Fonds de Réserve pour les Retraites (France): Pictet-Ethos investment process selected

Pictet Asset Management has been selected for one of 5 management mandates in Sustainable European Equities to be awarded by the Fonds de Réserve pour les Retraites (FFR). The investment process applied for this mandate was developed jointly by Ethos and Pictet Asset Management as part of their new partnership initiated in the fall of 2005. Ethos is advisor to Pictet with regard to environmental and social analyses and the exercise of shareholder voting rights.

Closure of the Investment Fund Ethosfund

La société de direction du fonds de placement ethosfund, Lombard Odier Darier Hentsch Fund Manager SA a décidé de fermer ethosfund. Cette décision s'inscrit dans le cadre d'une réorganisation de la gamme des fonds du groupe Lombard Odier Darier Hentsch (LODH).

Socially responsible investments: Ethos and Pictet to develop new partnership

The Ethos Foundation and Pictet Asset Management, the institutional-asset-management arm of Pictet & Cie Bank, have decided to embark on a new partnership for socially responsible investments by pooling their specific skills in this area. As a result of this link-up, the two partners will be managing more than CHF 1.5 billion with a joint approach based on the concept of sustainable development.

New UK report urges pension funds to address climate risk

The Institutional Investors Group on Climate Change (IIGCC), a collaboration between pension funds and other institutional investors representing £1,000 billion in assets, together with the Carbon Trust, a UK-government-funded body that helps companies cut harmful emissions, mandated Mercer Investment Consulting to prepare a guide for pension funds on tackling climate change risk. The final report, called “A Climate for Change: A Trustee’s Guide to Understanding and Addressing Climate Risk” , was published on August 8th, 2005.

Baloise Insurance Enters the Portfolio

In the wake of the attacks on September 11, we increased the Fund's exposure to the Swiss insurance industry, with Baloise Insurance joining Zurich Financial Services and Swiss Re. The Basel-based company has clearly-defined strategic principles and does not operate in the United States.

Phonak (hearing aids) enters the Portfolio

A position in the Swiss company Phonak was purchased at the end of May. Phonak specializes in the development, production and distribution of leading-edge hearing systems, and is one of the world leaders in the field. The company concentrates in particular on developing techniques for Claro, its range of entirely digital hearing aids. One year on from first being marketed in February 2000, Claro already accounted for 30% of sales.

The ethos concept attains one billion francs under management

In recent months, the management concept proposed by ethos has met with increasing success, attaining one billion francs under management. In parallel with the ethos Foundation, which manages CHF 880 million for 86 members, the ethosfund investment fund, open to all categories of investors, has assets of CHF 50 million.

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