BNP Paribas Asset Management expands AMSelect sub-advisory platform
- AMSelect reaches AUM of EUR 1.5 billion[1]
- Four new funds to be added to the platform
- Dedicated sub-advisory team appointed
BNP Paribas Asset Management (‘BNPP AM’) announces the further development of AMSelect, its open architecture sub-advisory platform. Launched in June 2021, the platform has reached EUR 1.5 billion of assets under management, and will add four new funds before the end of the year to complement the existing offering.
AMSelect provides BNPP AM clients with access to best-in-class strategies from third party managers, incorporating investment guidelines set by BNPP AM, while adhering to its Global Sustainability Strategy. Clients also benefit from improved operational efficiency through the concentration of assets, and strong risk management and sustainability reporting through transparency of investments.
In addition to the 10 existing funds investing in European, Eurozone, US and emerging market equities, and European fixed income, AMSelect will add four additional funds, within emerging market equities, Eurozone credit and global credit. Each will be managed externally by managers carefully selected using a rigorous process, including input from FundQuest Advisor, BNPP AM’s dedicated third party manager selector. The funds are expected to launch by the end of the year, when the managers will be named.
Julien Mechler has been appointed as Head of Sub-Advisory. Based in Paris, he will be responsible for expanding the platform and managing the AMSelect team. Julien has 27 years’ of investment experience, focusing on open architecture and manager selection since 1998. He co-founded one of Europe’s first and most important open architecture platforms, Asset Allocation Advisors, of which he was Chief Investment Officer for 20 years. Most recently Julien was a strategic investment consultant, advising BNPP AM on the design and launch of AMSelect. Julien reports to Lucien Carton, Head of Solutions & Client Advisory.
Initially available to BNPP AM clients with assets partly allocated to third party managers, AMSelect is being expanded to clients of other BNP Paribas Group businesses, including Wealth Management.
The sub-advisory market has experienced annual growth of around 20% in recent years, with similar growth levels expected in the coming years amid a continued focus on providing the best value for clients in an environment in which sustainability is of increasing importance. This rapid expansion means that the size of the sub-advisory market is now equal to that of the overall fund of funds market.
Lucien Carton, Head of Solutions & Client Advisory, comments:
“Sub-advisory provides significant benefits to our clients and is an important building block within our solutions offering. Our long-standing research experience within FundQuest Advisor, combined with Julien’s extensive experience in the European sub-advisory market, means that we are well placed to deliver sustainable value to our clients.”
In addition to the four new strategies being added, AMSelect offers the following 10 strategies:
|
European equity - growth |
Allianz Global Investors |
|
European equity - value |
Amundi Asset Management |
|
European equity - blend |
LGT Capital Partners |
|
Eurozone equity - growth |
Sycomore Asset Management |
|
Eurozone equity - value |
HSBC Asset Management |
|
Eurozone equity - blend |
Blackrock |
|
US equity - growth |
AllianceBernstein |
|
US equity - value |
Harris Associates (an affiliate of Natixis Investment Managers) |
|
EM equity - blend |
Vontobel Asset Management |
|
Euro fixed income - aggregate |
Bluebay Asset Management |
- ENDS -
Footnotes
BNP PARIBAS ASSET MANAGEMENT UK Limited, ‘the investment company’, is authorised and regulated by the Financial Conduct Authority. Registered in England No: 02474627, registered office: 5 Aldermanbury Square, London, England, EC2V 7BP, United Kingdom.
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As at September 2021.
2021_09_21_Press release - AMSelect update EN Final.pdf
September 20, 2021
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About BNP Paribas Asset Management
BNP Paribas Asset Management (‘BNPP AM’) is the investment arm of BNP Paribas, a leading banking group in Europe with international reach. BNPP AM aims to generate long-term sustainable returns for its clients, based on a sustainability-driven approach. BNPP AM’s investment capabilities are focused around five key strategies: High Conviction Strategies, Private Assets, Multi-Asset and Systematic & Quantitative Investments (SQI), Emerging Markets and Liquidity Solutions, with investment processes incorporating quantitative and fundamental analysis.
Sustainability is core to BNPP AM’s strategy and investment philosophy. Among the leaders in thematic investment in Europe1, BNPP AM intends to contribute to the energy transition, environmental sustainability and the promotion of equality and inclusive growth globally. BNPP AM currently manages EUR 526 billion of assets (EUR 641 billion of assets under management and advisory) and benefits from the expertise of more than 500 investment professionals and around 400 client servicing specialists, serving individual, corporate and institutional clients in 68 countries.
Source: BNPP AM, as at 31 March 2023
1 Source: 2nd in Europe for active sustainable thematic strategies, according to BNP Paribas Asset Management analysis based on Morningstar data as at 31/12/2022.
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