BNP Paribas AM readies to reopen in-demand flagship fund co-run by Danish portfolio manager
After a change of strategy in August 2019, AUM in BNP Paribas AM's Energy Transition fund grew by more than 2,800 percent, and the asset manager decided to soft-close the fund. With new team members in place and the ability to deploy several more billions, the flagship fund will soon reopen for new external investors, co-Head of Environmental Strategies Group Ulrik Fugmann tells AMWatch.
Two years ago, KLP Kapitalforvaltning accounted for 4 percent of inflows to Norwegian retail funds. Now, its share is 17.6 percent. "It's been a dramatic change," says CEO Håvard Gulbrandsen, who thinks sustainable funds, low prices and new dynamics in the Norwegian retail market are responsible.
The Swedish Pensions Agency has been busy recently, with a first foray into real estate and new terms and conditions for its fund platform meaning lower fees for savers. Fund department chief Erik Fransson also discusses whether going fossil free has had an impact on returns.
Five new guidelines aim to create more transparency about how Danish pension funds asses the value of unlisted assets – but according to several pension firms, they already live up to these principles.