Implementation approach

Implementation approach

There are three main options for Unilever pension funds to implement their investment strategy:

  1. Univest funds: a range of investment vehicles based in Luxembourg offering asset pooling solutions in equities, bonds and hedge funds, allowing Unilever pension funds around the World to leverage scale. External asset managers appointed to manage assets in the vehicles must meet strict criteria and Univest Company conducts extensive due diligence prior to appointing an asset manager, and on an ongoing basis. The section Univest Pooled Funds provides more detail on these investment funds.
  2. Direct external manager appointments: some pension funds have specific requirements not met by the Univest funds, or are subject to local regulatory constraints. In this case, Univest Company has similar responsibilities to the Univest funds for due diligence and monitoring but the pension fund contracts with the fund manager directly.
  3. In-house management: Univest Company itself invests for the account and risk of certain individual pension funds in specific asset classes. Each client decides whether to outsource asset management or have it conducted in-house.