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Requests for proposals in progress


Request for proposals dated 10 April 2018 related to the awarding of several portfolio management mandates

FDC's Board of Directors approved, during its meeting of 22 February 2018, to launch a request for proposals regarding the attribution of several portfolio management mandates on behalf of FDC's SICAV. More precisely, the given request for proposals relates to the awarding of three existing mandates and is divided into three lots, namely:

  • Lot 1: "Global Equities, Sustainable Approach" related to an equities mandate to be actively managed with an indicative amount of assets of EUR 750 million;
  • Lot 2: "Global Sustainable Impact Equities" related to an equities mandate to be actively managed with an indicative amount of assets of EUR 200 million;
  • Lot 3: "EUR denominated Green Bonds" related to an in euro denominated bonds mandate to be actively managed with an indicative amount of assets of EUR 100 million.

For Lot 1, every tendering company must include a sustainable approach/sustainable research into its investment strategy and decision-making process. The type, scale and portfolio-impact of this sustainable approach/research are not predefined by the FDC and can therefore have various forms (positive screening approach (best-in-class, thematic investments, etc.), negative screening approach (thematic exclusions, etc.), engagement approach, etc.). In this context, it is possible to tender with an explicit sustainable investment strategy or with an investment strategy that will consequently be adapted for the mandate by adding a sustainable approach/sustainable research.

For Lot 2, the aim is to return, next to performance in line with the benchmark associated to the given mandate, a measurable sustainable impact through investments in global equities from listed companies that intend to generate, next to a financial return, also a social or environmental impact. More precisely, it is expected to track throughout such investments 5 of the 17 sustainable developments goals as defined by the United Nations.

For Lot 3, investments will only be made in euro denominated green bonds included in the benchmark associated to the given mandate.

The contract notice of the given request for proposals has been published at the Portail des marchés publics du Grand-Duché de Luxembourg, in the Luxembourg press and in the Supplement to the Official Journal of the European Union (OJEU). During the given request for proposals, FDC might also award stand-by mandates.

The deadline for obtaining the consultation documents and thus participating to the given request for proposals has been set to the 11 May 2018.

The answers to the clarification questions have been published at the below "Questions & Answers" sub-folder.

The awarding of the contract shall be pronounced by FDC's Board of Directors knowing that the notification of the awarding decision is planned for the 29 October 2018.