Today, Santander Asset Management launched Santander Prosperity, its first social investment fund classified under article 9 of the Sustainable Finance Disclosure Regulation (SFDR). Formed in collaboration with (RED), the fund will invest in multi-theme, global equities of innovative companies whose products and services aim to tackle challenges in health and well-being, nutrition, education, and financial inclusion.
At least 30% of the revenue of the companies in the fund portfolio will come from activities that further the United Nation’s 2015 Sustainable Development Goals (SGDs).
The fund will donate 15% of its management fees to The Global Fund to help fight AIDS and ensure preventable and treatable diseases are preventable and treatable for everyone. These donations will help save lives by funding testing, treatment, and care services in communities that need them most.
Domiciled in Luxembourg, the fund will be offered to investors in Chile, Germany, Portugal, Spain, the UK, and the markets where Santander Private Banking International (SPBI) operates. It will launch in Brazil, Poland and Mexico at a later date.
The launch of Santander Prosperity asserts Grupo Santander’s commitment to sustainability and aligns with the company’s mission to help people and businesses prosper. The fund is not merely a financial investment—it’s an investment in both our collective health and humanity.
Thank you, Santander Asset Management, for your leadership and commitment to supporting (RED) and saving lives in the years ahead.