Assets increased from €3.9bn at the end of 2020 to €5.8bn at the end of 2021.

The new money comes predominantly from European institutional mandates, as Ossiam continues its shift from ETFs to dedicated approaches. “Our institutional clients nearly all seek ESG strategies and that has been our strongest growth area in the last year or two,” says Etienne Vincent, head of quant strategy and marketing at Ossiam. “We can customise ESG using different approaches, and mix ESG solutions with different asset classes.”