Fonditalia Ethical Investment


Last updated 12 May 2020, by Impactyield.

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Fund geography

Global (48)

The fund is a UCITs-compliant (Undertakings for Collective Investment in Transferable Securities, a set of European Union Directives that aim to allow collective investment schemes to operate freely throughout the EU on the basis of a single authorisation from one member state) vehicle distributed through the network of Fideuram private bankers to Italian retail investors. Fonditalia Ethical Investment invests in a broadly diversified fixed income portfolio including thematic bonds issued by development finance institutions, microfinance and fair trade funds, social bonds, and ethically screened government bonds. MainStreet Partners advises Fideuram Asset Management on the screening, due diligence and selection of the targeted fixed income securities and impact funds.

Asset class

Fund style

Not listed

Financial description

The Sub-Fund, expressed in EURO, aims at generating a positive total return through a combination of both income and capital growth with an investment policy based on ethical principles in the selection of the instruments. The Sub-Fund invests in: 1)Bonds issued by national and supranational entities, selected using positive and negative social screens, as well as a "best in class" approach based on rigorous social, environmental or governance guidelines; 2)Shares/units of microfinance funds, fair trade funds and similar instruments targeting a combination of financial returns and social or environmental good, up to a maximum of 30% of the fund; 3) Other government bonds with an investment grade rating. The Sub-Fund may also invest in corporate debt securities targeting a combination of financial returns and social or environmental good. The Sub-Fund may invest in emerging markets, which in investment terms are those economies that are still developing. The Sub-Fund could be exposed to unhedged currencies different from Euro. Moreover, the Sub-Fund may use financial derivative instruments not only for the purpose of risk hedging and efficient management but also for investment purposes. This Sub-Fund has no benchmark.

11 years

of track record


the year funded

300,000,000 EUR


Asset manager

Fideuram Gestions


Headquarters location:

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Safe and affordable housing

Universal access to sexual and reproductive care, family planning and education

Free primary and secondary education

Universal access to modern energy

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Fideuram Gestions

Product track record: Fund has 11 years of track record

Target IRR: 2.5%

Committed Capital: 22,500,000 EUR (Euro)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:


Inception year: 2012

Vintage year: 2012

Target region:

Target close date: n.a.

Product term: Open Ended

Assets under management: 300,000,000 EUR (Euro)

Investment size: Min: 0; Max: 0; Avg: 0

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 13

Fund investments to date exited or repaid: 0

Management fee: 1.11%

Carried interest: 10%

Hurdle rate: n.a.

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Retail Investors


E-mail: n.a.


Phone number: 442078688718.00

If you wish to have your details removed from this database please email

Nicola Mastrorocco

Senior analyst

Impact Performance


Impact thesis

The Fund invests principally in bonds issued by national and supranational entities (such as the European Union) with focus on positive social and/or environmental impact as well as shares of microfinance funds and fair trade funds.

Impact Management


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