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At Banca March, we want to keep you always informed, and this section gives you the opportunity to find out whatever you want to know about.

10/30/2019

March AM to donate portion of revenues from the Mediterranean Fund to Save the Med Foundation for the conservation of the Mediterranean Sea

  • March AM's new themed fund will donate 10% of its management fee to projects for the conservation of seas and oceans, such as the initiatives undertaken by this non-profit organisation.
  • This cooperation with Save the Med is among the activities being rolled out by Banca March through the Mediterranean Fund to help conserve and protect marine ecosystems.
  • The Foundation's mission is to contribute to the regeneration of the Mediterranean Sea by defining and creating marine protected areas and improving the way existing marine protected areas are managed, as well as undertaking citizen science initiatives, educational programmes, actions to reduce single-use plastic pollution, and scientific research projects.

March AM's new themed fund will donate 10% of its management fee to projects for the conservation of seas and oceans, such as the initiatives undertaken by this non-profit organisation.

This cooperation with Save the Med is among the activities being rolled out by Banca March through the Mediterranean Fund to help conserve and protect marine ecosystems.

The Foundation's mission is to contribute to the regeneration of the Mediterranean Sea by defining and creating marine protected areas and improving the way existing marine protected areas are managed, as well as undertaking citizen science initiatives, educational programmes, actions to reduce single-use plastic pollution, and scientific research projects.

March Asset Management, Banca March's fund management business, is to donate a portion of the management fees generated by its new environmental impact product - the Mediterranean Fund - to projects aimed at regenerating the marine ecosystem undertaken by the Save The Med Foundation.

The overarching mission of the non-profit organisation Save The Med is to promote the creation of marine protected areas and reduce plastic pollution in the Mediterranean Sea. The Foundation carries out marine research projects, educational initiatives, coastal waste collection and analysis tasks, and activities to raise public awareness.

In the near future, there are plans in place to expand these kinds of initiatives to other non-profit organisations whose key mission is the conservation of seas and oceans.

Environmental impact fund

The aim of the cooperation agreements signed by Banca March with Save The Med is to reinforce the sustainability-based philosophy of the Mediterranean Fund. This themed environmental impact fund seeks to invest in two high-potential investment trends: the oceans as a source of wealth and the need for their conservation, and water as a scarce resource which is indispensable for life on our planet. Both of these trends are in line with the United Nations' Sustainable Development Goals for 2030.

The bank's decision to channel part of the management fees generated by the fund into projects for the recovery and conservation of marine resources allows shareholders in the Mediterranean Fund to cooperate on initiatives to support the marine ecosystem. The fund invests in companies whose revenues are directly linked to seas and oceans or to water supply, treatment or use. The range of companies and sectors related to the world's seas and oceans opens up a potential investment universe of over 750 companies, spanning sectors such as consumer, energy, industry, healthcare and utilities.

Upon its launch, the Mediterranean Fund attracted over 500 shareholders within a few days, clearly evidencing the exceptional investor interest in the product. The fund has therefore exceeded the minimum level required to make it transferable, which is a significant advantage for investors as it allows them to defer the tax liability on their investment.

The substantial rate of inflows into this new product has cemented the group's leadership position in the management of themed funds, and the provision of alternative investment options for investors seeking to gain exposure to a key source of future growth whilst helping to generate a positive impact on marine ecosystems and water resources.

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