MAPFRE AM, the asset management arm of the Spanish insurance company, has announced that its range of ESG funds has so far brought in a total of EUR62 million in 2020, against the backdrop of extreme volatility in markets caused by the global pandemic.
The funds, MAPFRE Inclusión Responsable, MAPFRE Good Governance, and MAPFRE Capital Responsable have each outperformed their benchmarks this year. This group also includes MAPFRE Compromiso Sanitario, a new fund backed by the Madrid local government to help in the fight against the coronavirus.
The performance of MAPFRE’s funds is monitored not only in terms of relative performance but also in terms of the contribution they make to MAPFRE’s ESG objectives. The MAPFRE Good Governance fund posted positive 0.99 per cent growth during the first five months of the year, compared with a 9.37 per cent decline of its benchmark Stoxx Global TMI index.
MAPFRE AM CEO, Álvaro Anguita, says: “I am convinced that investments with ESG criteria, with which we not only seek financial return but are also helping to improve society in some way, will come out of this crisis stronger. You only need to look at how they have performed during these months of extreme market volatility to understand that an increasing number of clients are relying on these types of products.”
