ERAFP: equity mandate benchmarked to Scientific Beta low-carbon index

By Lisa Kerner

Charlotte, N.C., June 9 – ERAFP announced it awarded a mandate to asset managers for a euro zone mid- and large-cap listed equities portfolio worth €500 million to €1 billion that will be benchmarked to the Scientific Beta Eurozone Max Sharpe Ratio ERAFP SRI Carbon Efficient index.

The mandate will be awarded for a six-year term, according to a news release.

ERI Scientific Beta, the smart beta index provider set up by EDHEC Risk Institute in 2012, launched a new series of low-carbon indices earlier in the year.

ERAFP is a pension company based in Nice, France.

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