A major operator in asset management in France

With 66 billion euros in managed assets, Covéa Finance has been one of France's top ten asset management companies since the integration of MMA Finance on June 1 2010. This merger, negotiated in 2009, gave us a perfect opportunity to reorganise our line of mutual funds into 90 open-end funds (SICAV) and collective investment funds to give investors access to the main financial centers in the asset classes of their choice.

Active management

The topmost priority of Covéa Finance's code of ethics is to ensure, in all transparency, services tailored to the needs of its customers, principals and savings-plan holders. As a specialist in asset management for life insurance and property and casualty insurance companies,  Covéa Finance's business benefits all the insurance companies of both the Group and its partners. Its management policy seeks long-term performance by choosing the best compromise between risk and yield. To do so, Covéa Finance implements active management, chiefly oriented to the macroeconomy. Its main goal is to identify market changes as early as possible. The investment process is rigorous and extremely disciplined in the area of risk control. The company does not use credit derivatives.

Democratic, fair governance

Since Covéa is both a customer and the sole shareholder Covéa Finance, Covéa Finance has a unique standing compared to other management companies. . This situation led to the implementation of an original form of governance making it possible for each party to protect its interests.

The internal organisation must maintain and promote constant consultation between mutual insurance companies, institutional investors and managers of Covéa Finance. Each management mandate of the mutuals is therefore supervised by the Financial Strategy Divisions of MAAF, MMA and GMF. Further to this measure, the directors of SGAM's property and casualty and life insurance companies sit on Covéa Finance's Supervisory Board

COVEA FINANCE CREATES ITS THIRD SRI FUND
Launched in February 2009, Covéa Finance Espace ISR sustainable development fund investing in French stocks designed to track the onthly TNS Sofres index of concerns". The fund is mainly invested in French companies create new jobs in the healthcare and environment.

www.covea-finance.fr