Companies / Global Selection SGR SpA /

Information pursuant to Articles 3, 4, 5 of Regulation (EU) 2019/2088 ("SFDR")

The nature of the environmental and social challenges to be faced at a global level has increased, in recent years, the attention towards sustainable finance, i.e. attentive to the consideration and enhancement of environmental, social and good governance issues (briefly issues indicated with the initials "ESG" - Environmental, Social and Governance). The creation of a financial system capable of promoting sustainable development that favors the needs of present and future generations led the European Commission to publish, in March 2018, the "Action Plan for sustainable finance" to guarantee, among other things, another, the transparency of the asset managers in favor of the final investors. In this context, the European legislator has adopted Regulation (EU) 2019/2088, relating to information on sustainability in the financial services sector ("Regulation 2088"). Regulation 2088 establishes specific disclosure obligations for financial market participants (including asset management companies) and, in particular, requires providing information on:

- how they integrate sustainability risks into their investment decision-making processes (see Article 3 of Regulation 2088);

- any assessment of the main negative effects of investment decisions on sustainability factors (see Article 4 of Regulation 2088); And

- the integration of sustainability risks within the remuneration policies (see Article 5 of Regulation 2088).

 

This document intends to clarify the choices made by Global Selection SGR S.p.A. ("SGR" or "Company") with respect to issues related to sustainability, taking into account the operations of the SGR as well as the characteristics of the financial products established and managed by the same.

With regard to sustainability risks, it is specified that the Company - although aware of the importance of including environmental and social objectives in financial decision-making processes - does not currently directly and independently integrate these risks within the selection process. of the investments of its own reserved alternative investment funds "Global Managers Selection Fund" and "China Managers Selection Fund" ("Funds" or "AIF").

This circumstance is motivated, in particular, by the characteristics and investment policy of the Funds, which qualify as feeder funds, mainly investing their respective assets in the "Selection Holdings - Atlantic Selection", Share Class F, and "Selection Holdings" sub-funds. - China Selection ", Share class F, of the Luxembourg-based investment company with variable capital reserved for professional investors called" Selection Holdings SA, SICAV-FIAR "(" Master Fund ").

The master-feeder structure of the AIFs and, in particular, the investment policy pursued by the Master Fund with which the AIFs are required to comply - which in turn does not value the sustainability risks in the selection of UCIs in which to invest - do not allow current status, the SGR to take these risks directly into consideration as part of its management activity. In addition, it is specified that the investments underlying the AIFs do not take into account the EU criteria for eco-sustainable economic activities as defined by Regulation (EU) 2020/852. The SGR also intends to specify that, in compliance with Article 4, paragraph 1, point b) of Regulation 2088, it does not currently take into consideration the negative effects of its investment decisions on sustainability factors (so-called Principal adverse impact - "PAI "). Also in this case this choice is a consequence, as highlighted above, of the nature of the financial products managed as well as of the investment policy of the Master Fund.

In any case, the Company is aware of the importance that sustainability issues play in the management of investments and has launched internal evaluations to identify the most correct and adequate methods in order to enhance, by the end of 2022, these aspects in the context of of their management activities. The remuneration and incentive mechanisms adopted by the Company and formalized in the “Remuneration and incentive policies” are aimed at the good governance of the Company, however, at present, they do not take into consideration the sustainability risks as stated above. In this context, however, internal analyzes will be conducted with the aim of integrating sustainability risks into the SGR's remuneration policies. In this regard, the SGR will be responsible for providing updates on the activities carried out to integrate sustainability risks into investment processes as well as to consider the negative effects of the investment decisions taken on sustainability factors.

IMPORTANT INFORMATION

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NOTE FOR ITALIAN INVESTORS

The information on this site, relating to Alternative Investment Funds (AIFs), is intended exclusively for Investors classified as "professional clients" pursuant to the so-called directive. "MiFID".

The contents of this site are published for informational use only on the products offered by the company Global Selection Sgr and therefore does not constitute an offer or solicitation or offer of shares or investment services. The content of the site and copies of the material published therein may not be transmitted in the United States and do not constitute an offer to sell products or services in the United States, to US persons within the meaning of Regulation S of the United States Securities Act of the 1933 ("US Persons"). In particular, the section of the website dedicated to the so-called hedge funds contains information relating to the reserved alternative investment funds (AIFs). Global Selection Sgr has not made any recommendations regarding the AIFs described therein.

The site and the information contained therein are not directed to people in jurisdictions in which, for any reason, publication or access to the site is prohibited. Persons whose access is so restricted cannot access this site.

Any access to this site from outside the territory of the Italian Republic will be done under the sole responsibility of the user in compliance with applicable laws and regulations. Without prejudice to the foregoing, it is not intended to make any offer, sale and / or distribution of the products described on this site in any jurisdiction and to any person where this is illegal.

Before joining and in any case before making any investment, the Regulations and the Offer Document which must be delivered by the proposer to the investment, together with any other document required by the legislation in force from time to time, must be carefully read.

Past performance is not indicative or a guarantee of future performance. The Company makes no warranties or assurances in relation to future performance.

Global Selection SGR will use all reasonable efforts to ensure that the information contained in this website is updated and accurate at the date of publication; however, no guarantee is given as regards the accuracy, reliability or completeness of the information.

Global Selection SGR expressly disclaims any responsibility for any losses arising, directly or indirectly, from the use of the information or from the actions taken on the basis of such information. Global Selection SGR is in no way responsible for the accuracy of the content of other Internet sites that may be linked to this site. The existence of a link to another site does not imply approval by Global Selection SGR of the information provided.

NOTE FOR SWISS INVESTORS

The distribution of the Fund's shares in Switzerland may only be directed to qualified investors ("Qualified Investors"), as defined by the Collective Investment Schemes Act of 23 June 2006 ("CISA") and related ordinances. The Fund has not been authorized by the Federal Financial Market Supervisory Authority ("FINMA"). This document and / or any other document relating to the Fund may only be provided in Switzerland to Qualified Inventors. The Representative and Paying Agent in Switzerland is Banca del Ceresio SA, Via della Posta 7, CH - 6901 Lugano. The Fund's Single Regulations, as well as the annual and semi-annual report, if any, are available free of charge in Switzerland from the Representative. For all Fund units distributed in Switzerland, the place of execution and the place of jurisdiction are at the registered office of the Representative.

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