ISIN Code : FR0010608521
Information to download
Simplified Prospectus : Champlain Solidarité
Monthly management report : April 2012
Subscription Note (obligatory document) : Champlain Solidarité
Disclaim : This English translation is for the convenience of English-speaking readers. However, only the French text has any legal value. Consequently, the translation may not be relied upon to sustain any legal claim, nor should it be used as the basis of any legal opinion. Euronext Paris SA expressly disclaims all liability for any inaccuracy herein.
For Financière de Champlain, safeguarding the environment represents only one of the components for a sustainable development. Sustainable growth cannot be achieved without human development. And yet, world growth has rarely been seen at the same time as such an explosion in inequalities, set against a backdrop of urgent social issues.
Both through its longstanding support for integration associations and through its company culture focused on respect for values, Financière de Champlain has always put the human dimension at the heart of its philosophy. In our CSR management, social criteria are also at the forefront in terms of our ratings.
With the launch of Champlain Solidarité, in June 2008, Financière de Champlain is truly upholding its convictions by offering a shared return fund, on which 75% of revenues available for distribution will be paid back to seven associations operating in three areas:
- Protection of underprivileged children,
- Fight against exclusion (social, disability)
- Assistance for the elderly.
This fund aims to ensure the consistency of this solidarity dimension with the makeup of the portfolio through an SRI management approach.
- Outperform the ASPI Eurozone index over the medium term
- Over 60% equity exposure
- European mid caps
- Combining growth and returns
The management methodology is the same as that used on our SRI fund Performance Responsable, i.e.:
- Exclusion (arms, tobacco, alcohol, animal testing, nuclear, chemical and oil industry, etc.)
- Application of a financial filter
- Non-financial analysis grid (SRI) based on 120 criteria focusing on social and environmental dimensions
- Field audits through a partnership with the rating agency Ethifinance
A target for 30 to 50 lines, including outstanding companies in terms of social responsibility, such as:
- Séché Environnement: waste processing
- Touax: river barges
- Auréa: recycling
- ABC Arbitrage: financial services
Advantages and disadvantages
This fund aims to deliver performance over the medium term by using non-financial rating criteria (social, community, environmental and governance), guaranteeing the long-term viability of the business and expressing our convictions. In addition, a significant percentage (75%) of the fund’s distributable income is paid back, on an equiweighted basis, to the fund’s partner associations, which are making a direct and lasting contribution to solidarity.
The current strong mid and small cap component and very strict exclusion practices for sectors that are deemed to be non-ethical may, over the short term, decorrelate the fund’s performance from that of major indexes.
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