Judge's report

International diversification, the divesting of non-core assets and increasing indirect exposure have been some of the significant changes undertaken by UMR. These moves and an investment strategy founded in macro analysis to identify target sectors, points to sustainable and strong investment performance.

UMR considers recognition and reputation of fund managers in the market, sectors and their specific expertise with strong focus on ESG criteria in manager selection, making it an investor with best practice at its core.

UMR’s divestment policy focuses on so called non-strategic assets which are no longer relevant to the current strategy, because of size or the time-consuming nature of the asset.

In particular, UMR’s post-pandemic active management – characterised by a shift away from offices to residential – is commendable, as is its unique approach to matching up residential exposure with a life annuity fund.