FDC's Board of Directors approved during the month of September the launch of a new request for proposal regarding the attribution of several portfolio management mandates on behalf of FDC's SICAV.

More precisely, the given request for proposal related to the awarding of five existing mandates and one new mandate and was divided into four lots, namely:

• Lot 1: "Global Bonds (hedged), Sustainable Approach” relates to two global bonds mandates to be actively managed, including a sustainable approach and hedged against currency risk, with an indicative amount of assets of EUR 850 million per mandate.
• Lot 2: “Global Equities, Sustainable Approach” relates to two global equities mandate to be actively managed, including a sustainable approach, with an indicative amount of assets of EUR 1000 million per mandate.
• Lot 3: “Emerging Markets Equities, Sustainable Approach” relates to an emerging markets equities mandate to be actively managed, including a sustainable approach, with an indicative amount of assets of EUR 600 million.
• Lot 4: “Global Equities, 2°C Aligned” relates to a global equities mandate to be passively managed and to be aligned with the Paris Agreement goal of limiting global warming to well below 2°C with an indicative amount of assets of EUR 500 million.

The contract notice of the given request for proposal has been published at the Portail des marchés publics du Grand-Duché de Luxembourg on 3 October 2021, in the Luxembourg press as well as in the Supplement to the Official Journal of the European Union (OJEU) on 6 October 2021.

During March 2022, FDC decided to award the mandates as follows:

• Lot 1: "Global Bonds (hedged), Sustainable Approach": Franklin Templeton Investment Management Limited and Neuberger Berman Asset Management Ireland Limited. A standby mandate was awarded to Wellington Management International Limited.
• Lot 2: "Global Equities, Sustainable Approach": HSBC Global Asset Management (France) and Union Investment Institutional GmbH. A standby mandate was awarded to KBI Global Investors.
  
• Lot 3: "Emerging Markets Equities, Sustainable Approach": MFS Investment Management Company (Lux) S.à r.l. A standby mandate was awarded to Robeco Institutional Asset Management.
  
• Lot 4: "Global Equities, 2°C Aligned": State Street Global Advisors Europe Limited. A standby mandate was awarded to UBS Asset Management (UK) Limited.