BNP Paribas Group Economy

BNP Paribas Asset Management launches thematic multi-asset fund to invest in global trends

BNP Paribas Asset Management (‘BNPP AM’) announces the launch of BNP Paribas Multi-Asset Thematic, an innovative fund investing across BNPP AM’s range of thematic strategies.

BNP Paribas Asset Management

A sub-fund of BNP Paribas Funds Luxembourg SICAV, BNP Paribas Multi-Asset Thematic is an internationally-diversified fund offering exposure to major global structural trends by combining allocations to equity and fixed income.


Our future is being shaped by powerful long-term trends, with environmental challenges such as climate change, population growth and changing living standards raising important questions about sustainability.  In addition, digital and technological transformation are catalysts for innovation in many areas, such as healthcare and energy transition.  These major driving forces that are changing the world of today and tomorrow offer considerable investment opportunities, and BNP Paribas Multi-Asset Thematic aims to take advantage of these sources of long-term growth by investing in companies that are designing innovative solutions.


BNP Paribas Multi-Asset Thematic capitalises on a combination of three key themes:


Sustainability: energy transition, environmental protection, sustainable consumption and social issues related to inclusive growth;

Innovation and disruptive technology: opportunities offered by digital transformation and healthcare innovation;

Geopolitics and economics: transitioning to a post-pandemic world and China's role in the global economy.


BNP Paribas Multi-Asset Thematic offers flexible multi-asset allocation, diversified globally by region and sector, adjusted according to market conditions.  The strategy combines exposure to equity markets (around two thirds of the portfolio) with lower volatility fixed income exposure (around one third) in order to mitigate risk.


The fund is invested across BNPP AM’s range of actively-managed thematic funds, as well as ETFs, and may also include exposure to externally managed strategies in order to access specific thematic diversification.  It benefits from BNPP AM’s wide-ranging expertise, enabling simultaneous investment in funds such as BNP Paribas Energy Transition, BNP Paribas Easy Blue Economy ETF, BNP Paribas Disruptive Technology and BNP Paribas Green Bond.


BNP Paribas Multi-Asset Thematic is managed within BNPP AM’s Multi Asset, Quantitative & Solutions (MAQS) investment group, with the investment team using an active and flexible allocation process to express strong convictions through a concentrated portfolio of thematic funds, while controlling overall allocation according to the desired risk level.  The investment process combines BNPP AM's advanced quantitative analysis capabilities with dynamic assessment of market environments to take advantage of temporary cyclicality within themes.


Denis Panel, Head of MAQS, comments:

“The launch of BNP Paribas Multi Asset Thematic is aligned with our leadership in thematic investment, in particular across sustainable strategies, as well as our long-standing multi asset expertise.  The fund is part of a new generation of thematic investment solutions, investing in equities as well as in a more innovative way in fixed income, and is exposed to the major structural trends of a globalised economy which are expected to shape the market in the future.  It is expected to be of interest to savers as a first introduction to thematic investing."



Key fund characteristics



BNP Paribas Multi-Asset Thematic

Legal structure

Sub-fund of BNP Paribas Funds SICAV registered under Luxembourg law

Management company

BNP Paribas Asset Management Luxembourg

Delegated management company

BNP Paribas Asset Management France


BNP Paribas Securities Services - Luxembourg branch

Launch date

17 May 2021

Base currency


Share classes and ISIN codes

Classic Capitalisation - LU2308190763

Classic Distribution - LU2308190680

I Capitalisation - LU2308190250

Privilege Capitalisation - LU2308190417

Registered for sale in

Belgium, Cyprus, France, Greece, Italy, Luxembourg




Article 8

SRRI score**


* According to the Sustainable Finance Disclosure Regulation, the fund is classified as Article 8 (products promoting environmental or social characteristics)

** Synthetic Risk and Reward Indicator, ranked on a scale of 1 (lowest) to 7 (highest)

Source: BNP Paribas Asset Management

These guidelines are provided for information only and are subject to change.


- ENDS -


PRESS contact

BNP Paribas Asset Management

Sarah Marteleur

+32 (0)477 74 74 28


About BNP Paribas Asset Management

BNP Paribas Asset Management is the asset management arm of BNP Paribas, one of the world’s foremost financial institutions, and offers high value-added solutions to individual savers, companies, and institutional investors.  It has a broad range of skills in four investment divisions: Equities, Fixed Income, Private Debt & Real Assets, and Multi-Asset, Quantitative and Solutions (MAQS).  Sustainability is at the heart of BNP Paribas Asset Management’s strategy and investment decision-making process, making an active contribution to energy transition, environmental protection and the promotion of equality and inclusive growth.  Its aim is to achieve long-term sustainable investment returns for its clients. BNP Paribas Asset Management has assets under management of EUR 474 billion* (as at 31 March 2021), with more than 500 investment professionals and around 500 client servicing specialists, serving individual, corporate and institutional clients in 71 countries.

* EUR 609 billion of assets under management and advisory as of 31 March 2021


For more information please visit

Additional information

BNP PARIBAS ASSET MANAGEMENT UK Limited, ‘the investment company’, is authorised and regulated by the Financial Conduct Authority.  Registered in England No: 02474627, registered office: 5 Aldermanbury Square, London, England, EC2V 7BP, United Kingdom.

This material is produced for information purposes only and does not constitute:

1.         an offer to buy nor a solicitation to sell, nor shall it form the basis of or be relied upon in connection with any contract or commitment whatsoever or

2.         investment advice.

This material is issued and has been prepared by the investment company.  It contains opinions and statistical data that are considered lawful and correct on the day of their publication according to the economic and financial environment at the time.  This document does not constitute investment advice or form part of an offer or invitation to subscribe for or to purchase any financial instrument(s) nor shall it or any part of it form the basis of any contract or commitment whatsoever.

Whilst the fund described herein has been established as a UCITS (in accordance with the UCITS Directive) in Luxembourg, it has not been registered in the UK, therefore the promotion of this fund and the distribution of this document in the UK are accordingly restricted by law.

This document is provided without knowledge of an investors’ situation.  Prior to any subscription, investors should verify in which countries the financial instruments referred to in this document refers are registered and authorised for public sale.  In particular financial instruments cannot be offered or sold publicly in the United States.  Investors considering subscriptions should read carefully the most recent prospectus and Key Investor Information Document (KIID) agreed by the regulatory authority, available on the website.  Investors are invited to consult the most recent financial reports, which are also available on the website.  Investors should consult their own legal and tax advisors prior to investing.  Given the economic and market risks, there can be no assurance that the financial instrument(s) will achieve its investment objectives.  Their value can decrease as well as increase. In particular, changes in currency exchange rates may affect the value of an investment.  Performance that is shown net of management fees and is calculated using global returns with time factored in, with net dividends and reinvested interest, and does not include subscription-redemption fees, exchange rate fees or tax.  Any gross of fees performance included in this material do not reflect the deduction of commission, fees and other expenses incurred.  Returns will be reduced after the deduction of such fees.  Past performance is not a guarantee of future results.

This document is directed only at person(s) who have professional experience in matters relating to investments (‘relevant persons’).  Any investment or investment activity to which this document relates is available only to and will be engaged in only with Professional Clients as defined in the rules of the Financial Conduct Authority.  Any person who is not a relevant person should not act or rely on this document or any of its contents.

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This is a Marketing Communication for Professional Investors only.  No assurance can be given that any forecast, target or opinion will materialise.


As at  23 June 2021.