Oct 27, 2010
Today Poland’s first equity fund based on Environmental, Social and Governance (ESG) criteria is officially presented by TFI SKOK and Credit Suisse Asset Management at a conference in Warsaw. GES Investment Services has been contracted to provide the ESG analysis.
The fund “SKOK FIO Etyczny 2” was started on August 18 by Towarzystwo Funduszy Inwestycyjnych SKOK SA (TFI SKOK), a Poland-based investment fund company related to the Cooperative Savings and Credit Unions (SKOK). On October 27, TFI SKOK will officially present it together with the fund’s manager Credit Suisse Asset Management (Polska) S.A. at a major investment conference in Warsaw. GES Investment Services will also attend in the capacity of ESG analysis provider for the fund.
Rafał Matusiak, Chairman of the Board of TFI SKOK, said: “SKOK FIO Etyczny 2 is the second ethical fund our company offers, and it is also the second ethical fund launched and registered in Poland. We have great hope that through our joint efforts and cooperation with such institutions as CSAM and GES we will effectively promote ethical investments in our country.”
Anna Grygiel, member of the Management Board of Credit Suisse Asset Management, said: “We believe that ethical investments are one of the upcoming megatrends on capital markets. They may prove that it is possible for investment products to perform and to respect ethical values at the same time.”
Martin Pitura, Managing Director of GES Investment Services Poland, said: “We are very pleased to have been selected for this pioneering fund and welcome it as a recognition of our long experience and presence in Poland since 2004.”
The fund is based upon Poland’s and other EU countries’ equity market universe except companies that do not meet ESG criteria according to the analysis model GES Risk Rating. In two months since inception it has increased in value by 5.89 percent (October 18).
For more information, please contact:
Martin Pitura, Managing Director, GES Poland, and CFO, GES International