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pas avoir de dogme par rapport aux choix individuels d’investissement
mais accompagner le changement.

Est-ce rentable ?
Il ne faut pas se voiler la face. L’objectif premier de tout investissement
est de gagner de l’argent. On ne fait pas d’ISG pour avoir une place au
paradis (sourire) ! Aujourd’hui nous avons des produits spécifiquement
développement durable qui sont 100% green et qui offrent de très bons
résultats en matière de rentabilité. Monaco Eco+ est un fonds que
nous avons créé en partenariat avec le gouvernement il y a 15 ans. Il
pèse aujourd’hui 80 millions d’euros et mise sur des investissements
en actions avec un horizon de placement à moyen/long terme, tout en
assurant une liquidité quotidienne pour l’investisseur.

Comment éviter le piège du greenwashing?
Aujourd’hui il existe des systèmes de notation efficaces pour les ESG
(Morningstar, Bloomberg, Standard & Poors etc.). Ils permettent d’évaluer
les bons élèves et les moins bons. Ces grandes sociétés de notation
qui nous vendent leurs référencements s’engagent. Est-ce une garantie
absolue ? Il n’existe pas de garantie à 100%, comme le montre la crise
de 2008. Est-ce un élément qui permet d’avoir une aide objective pour
sélectionner des valeurs ? C’est certain et c’est ensuite le travail et la
responsabilité de votre gestionnaire de vous aider à choisir les produits
dans lesquels vous investissez en toute transparence.
Robert Laure, Head of DPM & Funds - CMB Monaco

CMB MONACO

“Creating a Monaco fund is easier and quicker”

Should we take a chance on Monaco funds in 2021? This is one of the tips of Robert Laure, Head of DPM
& Funds at CMB Monaco.

What’s the trick of investing in the stock market the reaction to adopt when faced with market What’s the secret of this comeback?
and not losing your cool? Never buying too low fluctuations - stress, euphoria or calm. It is the result of respecting three rules: work,
or selling too high? discipline and time. It should also be kept in
The prerequisite for an investor is, above all, How did your funds react in this year of crisis? mind that the valuation of an asset on the stock
to define and clarify investment objectives: There was a good reaction to prices: they market is linked to many parameters, including
knowing whether you want to speculate, pass held up well, as we took risk desensitisation psychological elements. It’s the same as the
on assets, prepare future expenditure and so on. measures as soon as the threat of a systemic Keynes beauty contest: we are not going to
CMB Monaco’s commitment is to support the pandemic emerged. In the recovery phase, we vote for the most beautiful but for the one we
client in this process and for this to determine did participate in the rise in the markets. Our think others will designate as such. These are
the client’s risk profile, taking into account his short-term investment funds for example - which the elements that partly explain the spectacular
or her environment (assets, financial, historical, aim to remunerate liquidity over relatively short rise of a stock like Tesla by more than 500%
technical). There are five investor profiles, the time horizons, from three to six months - have amid debate whether the company would file
invested product sometimes having a different provided positive remuneration, whilst short- for bankruptcy earlier this year.
profile from that of the client: you can have a term interest rates are almost zero or even
conservative investor profile and choose to negative! At the end of November 2020, they CMB Monaco specialises in the management
invest part of your assets in riskier stock market had already delivered net results above 0.95% of Monaco funds. Why invest in these funds?
investments but with potentially higher returns. in euros and nearly 2% in US dollars, which is CMB Monaco, through its subsidiary CMG, is
This should be borne in mind when defining way above the market. a leader in the management of funds under

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