BNPP AM’S Aqua strategy celebrates tenth anniversary
10 years on from launch, BNPP Asset Management’s Aqua strategy continues to attract interest from those looking for meaningful thematic investments.
AUM of more than €3.4 billion1 :
With assets under management of over €3.4 billion, the Aqua strategy has seen strong interest from a range of European investors, including the BNPP network in Benelux, France and Italy.
Return of more than 250%1 since inception :
Since inception in December 2008, the strategy’s main fund – BNP Paribas aqua2 – has returned +252.42%1 (net of all fees), compared with +226.89%1 for its benchmark, the MSCI World index.
Morningstar 5 stars (Institutional share class) :
The fund has a Morningstar rating of 5 stars for the Classic share class (as at 30 November 2018), as well as the LuxFlag ESG label.
YTD inflows of €640 million1 :
Year to date inflows for the strategy have totalled €640 million1 as at the end of October.
Aqua identifies and selects companies addressing global issues in the water sector. Experts believe that the water market will experience exceptional growth rates over the next 30 years because of four key trends:
- rising standards of living in emerging countries
- the renewal of water supply networks in developed countries
- the need to supply better quality water
- the obligation to adapt to climate change
BNPP AM’s SRI OFFERING
BNPP AM launched its first SRI strategy in 2002 and now manages SRI assets totalling €35 billion (at 31 December 2017), making our range of SRI funds one of the largest.
The range includes equity, fixed income and money market funds, managed using both best-in-class and thematic approaches.
THE AQUA STRATEGY
Aqua invests in international equities issued by companies with a minimum of 20% of their activities in the global water sector, including:
- supply infrastructure (e.g. pumping stations, valves, pipes)
- drinking and waste water treatment
Portfolio holdings must observe the 10 principles of the United National Global Compact, a UN initiative to involve companies in sustainability issues by ensuring they respect universal principles on human rights, labour, the environment and corruption.
The investment strategy is managed by Impax Asset Management, BNPP AM’s environmental investment specialist, which has won many awards for innovation and investment.
BNP Paribas Aqua is a mutual fund registered in France.
Investments in the funds are subject to market fluctuations and the risks inherent in investments in securities. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay, the fund described being in risk of capital loss.
Copyright © 2018 Morningstar, Inc. All Rights Reserved. The overall star rating for each fund is based on a weighted average of the number of stars assigned to it in the three-, five-, and 10-year rating periods. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
1. Source: BNP Paribas Asset Management at end November 2018 – Share type: Classic, Capitalisation
Annual performance net of fees, in EUR, Classic share: 2017: 11.53% ; 2016: 12.04% ; 2015: 12.53%, 2014: 14.46%
2. BNP Paribas Aqua is only available to investors in France. UK investors are able to access the strategy through Parvest Aqua, which has been registered for sale in the UK since July 2015. Parvest Aqua is a sub-fund of the Parvest Luxembourg SICAV.