Currently the offered premium amounts on average to 13It has been 10 times for AIA and is mounted most recently until 1SFR prepares its offensive for long monthsIt did exacerbate a diffuse sense of illegitimacyEC which Canal took note with satisfactionYoplait is the third if the submitted offer5 million units sold last year of which 2Resume meets their desire to speak to their accountIt is my duty it is the general interestThis old term seems to become barely audibleThe financial crisis has awakened consciences. Many investors want to give meaning to their placement. Finance solidaire, less known than the socially responsible investment (Sri), can respond to this quest. Through the different products, it drains capital to so-called "solidarity" companies to encourage employment, revitalize campaigns or build new social housing. According to the barometer of Finansol, the professional association which unites specialized sponsors and financial institutions, stock grew from 47.2 in 2009 to EUR 2.4 billion. A sensitive progression, but still a drop in the ocean of the French management industry, which accounts for more than 2,600 billion euros.
Two years ago, the solidarity finance has received boost in Parliament. The modernization of the economy law indeed imposed the presence of a solidarity UCITS in any wage savings, and that effective January 2010. Was complied by the developers are. They have expanded their range of so-called Fund "90-10", who spend up to 10 of their assets to finance several projects. When Finansol refer to 1,012 billion euros for the stock of the solidarity savings at end of 2009, there is thus in fact that EUR 100 million, more than for the solidarity-based financing. The rest is invested in shares and/or bonds. It may even be diverse or ISR.
This savings has more than doubled in 2009. Rising markets facilitated this assessment, but also the conversion of already existing products, sometimes on the initiative of the companies. According to data of Finansol and the French Association of financial management (AFG), there were 71 CIPF solidarity, whose 24 and 47 multi-company funds dedicated to January 1, 2010.
This Pocket however request specific expertise that do not have traditional managers. In the early days, the promoters of the solidarity savings played ease focusing their investments on a handful of large organizations which are: Catholic Committee against hunger and for development (CCFD), France Active, Habitat and humanism...
Awareness
Then they are attached to the services of specialists. "We have created a common investment risk (RPF) Fund for solidarity CIPF that do not have the capacity to intervene online and the"family offices"which showed some appetite for this management," said Marc Renaud, President of Tangerine management. Access to the largest number of solidarity enterprises, to explore. "The network of Crédit Coopératif, we will to lesser-known structures, explains François Lett, Director-General delegate and responsible for managing ethical and socially responsible Ecofi investment." The pool goes beyond those that are labelled by the prefectures. We are trying through our parent company to make leaders aware of social structure that they can claim to solidarity company label and we help them.
"So that the managers choose other solidarity companies, we gather management companies and solidarity funding for business conventions", added Sophie des Mazery and Frédéric Fourier de Finansol. Once contact is established, the investment can be achieved by making participation or a loan. In General, the failure rate is very low. "Over the past three years, the performance of the solidarity unlisted securities was in general higher than the monetary." "However, when you invest in the joint, you are looking for not only maximize financial performance, but to obtain a measurable social impact in the direction where your investment will create jobs and housing to insertion for example", says Emmanuel Gautier, responsible solidarity management at Natixis Asset Management
