La Banque Postale and CNP Assurances announce the launch of their first infrastructure fund, LBPAM Infrastructure September 2030, developed in partnership with LBP AM (subsidiary of La Banque Postale), for its life insurance customers. Available for investment from 2 May to 31 August, this new unit-linked fund offers a target profitability of 2% net1 per year over a recommended investment period of eight years. This product allows customers to diversify their assets and give new meaning to their savings.

Infrastructure is both meaningful to society and crucial for a country’s economy to function smoothly. Roads, railways, electricity production, schools, hospitals, and other types of infrastructure require heavy investment, but more importantly they offer regular, resilient returns over the long term. Previously reserved for institutional investors and private asset managers, La Banque Postale has decided to offer this new fund for all its customers.

Mimouna Boutchich, Head of Financial Savings at La Banque Postale, states: “The choice to launch an infrastructure fund is in line with our actions and our commitment as a company with a social benefit and civic-minded approach. La Banque Postale is a long-standing partner of local authorities and supports projects daily to deploy and renovate infrastructure at the heart of the regions. By allowing our customers to invest and diversify their savings through this fund, we are also giving them the opportunity to give meaning to their investment by supporting concrete projects that contribute to the ecological transition and improve people’s quality of life.”

Moderate risk to meet client expectations
To provide its customers with an investment option that is profitable and low-risk, and that can also diversify their savings, La Banque Postale and CNP Assurances have developed a fund with a moderate risk indicator (SRI of 2 on a maximum scale of 7). This unit-linked solution features a unique and diversified combination of real assets that are less sensitive to market fluctuations. At launch, 40% is invested in an infrastructure project debt fund and 60% in an unlisted infrastructure equity fund, two funds in which CNP Assurances has already invested on its own behalf. Assets under management totalled €100 million as at 2 May 2022.

A product designed for La Banque Postale customers
LBPAM Infrastructure September 2030 addresses La Banque Postale customers who have taken out a Cachemire 2, Cachemire Patrimoine or Perspective Capi life insurance policy. A minimum initial investment of €251 is required, depending on the policy. Its target profitability is 2% net2 of fees per year over a recommended investment period of eight years, with a maturity date of 9 September 2030.

La Banque Postale and CNP Assurances set up this fund through a portfolio management company (société civile de portefeuille), wholly owned by CNP Assurances. LBP AM acts as portfolio manager and the debt fund.

Investing in projects that are vital to the economy
This new unit-linked fund helps finance essential infrastructure for the community and allows investors to diversify their holdings towards unlisted assets in sectors such as the environment, healthcare, education, telecommunications and public utilities. These assets can also provide a way of investing in projects with a social and environmental impact, renewable energy projects, sustainable transport, social infrastructure (e.g. schools) or digital infrastructure (e.g. fibre optics). They are integral to the energy, social, regional and digital transition, and resonate with La Banque Postale’s civic values in its commitment to a “just transition”.

1Net of portfolio management company fees and fees on assets held under the life insurance policy