FDC's Board of Directors approved during the month of January 2023 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 relates to the reassignment of four existing mandates and the awarding of one new mandate, namely:

• Lot 1: “Emerging Market Bonds, Sustainable Approach, Active” relates to an emerging markets bonds mandate to be actively managed, including a sustainable approach, with an indicative amount of assets of EUR 250 million.
• Lot 2: “Emerging Market Bonds, Indexed” relates to an emerging markets bonds mandate to be passively managed with an indicative amount of assets of EUR 250 million.
• Lot 3: “Global Equities Small Cap, Sustainable Approach, Active” relates to a global small cap equities mandate to be actively managed, including a sustainable approach, with an indicative amount of assets of EUR 500 million.
• Lot 4: “Global Equities Small Cap, Indexed" relates to a global small cap equities mandate to be passively managed with an indicative amount of assets of EUR 500 million.
• Lot 5: “Global Bonds (hedged), Paris Aligned, Indexed” relates to a new global bonds mandate to be passively managed and hedged against currency risk. Also, the mandate must be aligned with the Paris Agreement goal of limiting global warming to well below 2°C, preferably to 1.5°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 on 3 February 2023. The publication within the Supplement to the Official Journal of the European Union has been done on 6 February 2023.

During July 2023, FDC decided to award the mandates as follows:

• Lot 1: “Emerging Market Bonds, Sustainable Approach, Active”:  Amundi Asset Management, Paris. A standby mandate was awarded to Pictet Asset Management Ltd, London.
  
• Lot 2: “Emerging Market Bonds, Indexed”: State Street Global Advisors Europe Limited, Dublin. No standby mandate was awarded.
  
• Lot 3: “Global Equities Small Cap, Sustainable Approach, Active”: Allianz Global Investors GmbH, Frankfurt am Main. A standby mandate was awarded to Dimensional Ireland Limited, Dublin.
  
• Lot 4: “Global Equities Small Cap, Indexed": State Street Global Advisors Europe Limited, Dublin. A standby mandate was awarded to BlackRock Investment Management (UK) Limited, London.
• Lot 5: “Global Bonds (hedged), Paris Aligned, Indexed”: BlackRock Investment Management (UK) Limited, London. A standby mandate was awarded to Amundi Asset Management, Paris).