La Banque Postale and CNP Assurances are launching a new fund to diversify savings, namely EuroCroissance 100 – 10 years. Offered as part of a self-managed Cachemire 2 or Cachemire 2 Series 2 life insurance policy, it is designed and managed by CNP Assurances and distributed by La Banque Postale.
Overhauled by virtue of France’s Pacte legislation, this new EuroCroissance fund, which is easier for customers to understand, opens up a third investment route, between euro funds and unit-linked funds. EuroCroissance 100-10 years combines a prudent management offering (its SRRI is 2/7) and better performance potential than the euro fund. Customers benefit from a capital guarantee at maturity, since 100% of the net amount they have invested is guaranteed over a 10-year term, and attractive expected gains over the long term.
EuroCroissance 100 – 10 years also serves to contribute to financing the ongoing ecological, energy and social transitions. CNP Assurances plans to invest a significant portion of assets (fixed income products, equities, real estate and unlisted assets) in funds with an environmental or social objective such as reducing greenhouse gas emissions, efficient use of resources, combating social inequalities and respect for human rights.
In accordance with CNP Assurances’ overarching purpose to act for a more sustainable society and La Banque Postale’s commitment to a fair ecological transition, the EuroCroissance 100-10 years fund is to select at least 50% sustainable assets, and falls within the remit of Article 8 of the SFDR .
Available from €25 under the self-managed Cachemire 2 or Cachemire Series 2 policies, this fund is marketed by La Banque Postale's advisors.
Sarah Bouquerel, Head of Strategic Business and Relations with La Banque Postale and member of the CNP Assurances Executive Committee: "The Pacte legislation now allows us to offer La Banque Postale’s customers an investment solution that diversifies their savings while guaranteeing their capital at maturity. Specifically, the EuroCroissance 100-10 years fund guarantees 100% of the capital at its 10-year maturity with the prospect of better yields than the euro fund. Finally, this sustainable fund serves to contribute to the financing of the energy and ecological transition in a socially responsible and committed approach."
Nicolas Eyt, Head of Savings and Insurance at La Banque Postale Group: "The launch of the EuroCroissance 100-10 years fund is a worthy addition to the range of life insurance policies distributed by La Banque Postale. With a sustainable investment percentage of at least 50%, the EuroCroissance 100-10 years fund is fully in line with La Banque Postale’s overarching purpose and statutory sustainability commitment. Our aim is to support our customers in diversifying their savings with responsible investment vehicles in line with the challenges of the future."