What we do

IMAS Foundation manages its own financial assets.

Our strategy focuses on asset allocation, which involves balancing the risk of our investments while being as cost-effective as possible. We do not select individual stocks and bonds.

We include a significant portion of non-listed investments in our portfolio because we believe they can provide higher returns and give us flexibility to invest in themes we believe in. These include renewable energy and energy transition companies. We have a mandate to invest up to 15% in infrastructure, which is a good fit with these themes.

Find out more about our investment strategies here.

How do we add value?

Own exposure tilts: by fetching more and better risk premia than the benchmark/industry

  • Deviation from the benchmark components: long term (strategic asset allocation) and shorter-term (tactical asset allocation).
  • Non-listed asset allocation: through direct lending, specialty finance, private equity etc.
  • Infrastructure: brownfield and greenfield, equity and debt.
green plants

By manager selection and different levels of activeness in our investments

  • Passive: low-cost strategies, replicating the core of the benchmark exposure.
  • Enhanced: semi-passive strategy, capturing risk premia in a disciplined and quantitative matter, but with very low deviations from the benchmark.
  • Active: outsourced active investment decisions that will deviate significantly from the benchmark.

Facts and figures

IMAS Foundation employs 12 co-workers. Asset under management: around €11 billion (end 2019)

Asset split (end 2019)

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Listed assets
0
Non-listed
0
Equities
0
Fixed income
0
Infrastructure

Benchmark

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Developed equities
0
Emerging equities
0
Global fixed income