ECB officials possess these monetary assets
The European Central Bank (ECB) has released its annual disclosure detailing the investments made by its top management, including ECB President Christine Lagarde. In the 94-page document, available online, Lagarde has listed two BNP Paribas funds as part of her portfolio.
One of the funds, BNP Paribas Europe Dividende Multipep 2, seems to be a sub-fund within the BNP Paribas Multipep 2 umbrella fund, a European investment fund structure known as a UCITS SICAV. Although the exact identity of the fund is yet to be confirmed, it is likely that the "BNP Paribas Europe Dividende Multipep 2" is a sub-fund of the BNP Paribas Multipep 2 SICAV.
To determine the true identity of the fund, one would typically match the ISIN directly against BNP Paribas Multipep 2 sub-funds’ registered ISINs in official BNP Paribas Asset Management documentation or European fund registries. Alternatively, one could compare the fund's name, strategy, and geographical focus against similar sub-funds within BNP Paribas Multipep 2 or related BNP Paribas Europe funds.
Another fund listed by Lagarde, BNP Paribas Funds Europe Dividend, is different in ISIN but shares similarities in nature with BNP Paribas Europe Dividende Multipep 2 and BNP Paribas Europe Dividende Responsable Classic. BNP Paribas Funds Europe Dividend is designed to invest in European companies with above-average dividends and also considers sustainability criteria.
In Malta, Edward Scicluna, a central bank official, has only disclosed a list of ISINs without providing details about the securities. The disclosure includes the wealth positions of ECB respondents, including the ISIN number, but does not provide exact figures for investments.
The disclosure offers interesting insights, particularly the more extensive portfolios of ECB officials. However, there are doubts about the completeness of the self-disclosures, and oversights like these suggest that some ECB officials may not always take this matter seriously.
The ECB's annual disclosure is an important step towards transparency and accountability for the central bank's top management. As the investigation into the true identity of the funds listed in the disclosure continues, it is essential to maintain a factual and unbiased approach to ensure the integrity of the information presented.
The ECB's disclosure reveals that Christine Lagarde has investments in not only the BNP Paribas Multipep 2 SICAV, potentially including the BNP Paribas Europe Dividende Multipep 2, but also the BNP Paribas Funds Europe Dividend, which focuses on European companies with high dividends and sustainability considerations, showing her involvement in both business and finance, including insurance and investing. The process of confirming the exact identity of the funds involves matching their ISINs with those registered in BNP Paribas Asset Management documentation or European fund registries.
