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ii ACE 30 - BMO Responsible Global Equity Fund

ii ACE 30 investments:
BMO Responsible Global Equity Fund

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Asset Group Asset Sub-Group Investment Category
Equities Global equities Core
 

WHY WE RECOMMEND IT

Experienced and well-resourced manager: Jamie Jenkins, head of BMO’s Responsible Global Equities team, has managed the fund since January 2014. Nick Henderson has been deputy manager since November 2016.

Consistently superior performance: The fund has regularly beaten the average annual return of funds in the Investment Association’s Global sector. Cumulative medium to long-term returns are strong compared with the sector average. Annualised risk-adjusted returns are in the first quartile of the sector peer group over three years.

The fund is reasonably priced: The ‘2’ accumulation share class levies annual ongoing charges of 0.80% as at 26 January 2019.

 

ETHICAL CRITERIA

ii ACE ethical style: Considers. This means the fund carefully considers an often wide range of ethical and/ or environmental, social and governance (ESG) issues or themes when balancing positive and negative factors.

Fund EcoMarket category: Ethically Balanced. These funds combine a wide range of, sometimes complex, positive and negative ethical screening policies as part of their investment strategies and may apply ‘best in sector’ strategies – which means they may invest in most sectors.

How the fund is managed: The investment objective is to provide long-term capital growth. The fund is ethically screened and will invest only in companies whose products and operations are not considered to be harming the world, its people or its wildlife and are considered to be making a positive contribution to society.

 

THE RISKS

Ethical screening: In certain market conditions the performance of the fund may differ significantly from others in the peer group that do not exclude specific sectors or companies from a comparable investment universe.

Above-average volatility: The volatility profile is higher than the average fund in the peer group.

Currency: Your investment may be significantly affected by changes in currency exchange rates.

Portfolio concentration: The fund has a concentrated portfolio compared with the MSCI World index. As at 30 June 2019 it was invested in 53 stocks and the top 10 stocks represented 32% of assets under management.

 
Information and data compiled in September 2019.

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Risk warnings

The information we provide in the ACE 30 investments list does not constitute a "personal recommendation". You should ensure that any investment decisions you make are suitable for your personal circumstances and that the ethical style of the investment reflects your personal beliefs.

Past performance of the underlying constituents is not a guarantee of future performance. Remember, the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest.

Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab.

If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial advisor.

Any changes to the ii ACE 30 investments list and the rationale behind those decisions will be communicated through the Quarterly Investment Outlook.

Details of all recommendations issued by ii during the previous 12 month period can be found here.

ii adheres to a strict code of conduct. Members of ii staff may hold shares in companies mentioned in the ii ACE 30 investments list, which could create a conflict of interest. Any member of staff intending to complete some research about any financial instrument in which they have an interest are required to disclose such interest to ii. We will at all times consider whether such interest impairs the objectivity of the recommendation.

In addition, staff involved in the production of this ii ACE 30 list are subject to a personal account dealing restriction. This prevents them from placing a transaction in the specified instrument(s) for five working days before and after an investment is included or amended and made public within the list. This is to avoid personal interests conflicting with the interests of the recipients of this ii ACE 30 investments list.