This consultation concerns the award of a framework agreement for the management of securities portfolios of Ircantec (Supplementary Retirement Institution for Non-Government Officials and Public Authorities). This is an asset management service provision on behalf of Ircantec. The purpose of the Framework Agreement is to select investment service providers who perform the portfolio management service on behalf of third parties in order to manage portfolios composed of financial instruments admitted to market trading.

The purpose of this package is to select two providers to each manage a dedicated fund invested in European equities (active and sustainable management). Active management means the implementation of investment decisions leading to individual positions different from those of the benchmark, with the aim of achieving a significant increase in performance within an ex-ante active risk budget. Sustainable management refers to the implementation of investment decisions resulting from a process that integrates environmental, social and governance criteria and the search for alignment of the managed portfolio with a path compatible with the Paris Agreement, which aims to avoid climate change by limiting the warming of the planet at a level well below 2ºC and continuing efforts to limit it to 1.5ºC.

The purpose of this batch is to select a provider to manage a dedicated fund invested in European equities in passive management in replication of a benchmark that complies with the European taxonomy relating to compatibility with the Paris Climate Agreements (Pab Eu). The indicative initial allocation for Lot 2 is in the range of EUR 200,000,000. However, the Ircantec represented by its managing department is the sole control of the allocation of the amount allocated to the fund. If necessary, in the interests of Ircantec, it may be decided to reduce the assets already allocated.

The purpose of this batch will be to select two providers to each manage a dedicated fund invested in World equities (active and sustainable management). Active management means the implementation of investment decisions leading to individual positions different from those of the benchmark, with the aim of achieving a significant increase in performance within an ex-ante active risk budget. Sustainable management refers to the implementation of investment decisions resulting from a process that integrates environmental, social and governance criteria and the search for alignment of the managed portfolio with a path compatible with the Paris Agreement, which aims to avoid climate change by limiting the warming of the planet at a level well below 2ºC and continuing efforts to limit it to 1.5ºC.