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WHY WE RECOMMEND IT
Experienced and well-resourced manager: Karina Funk, head of sustainable investing at Brown Advisory, and David Powell, have managed the fund since its inception in April 2017. Although the fund is relatively new, its investment strategy has been employed since December 2009.
Superior performance: The fund has significantly outperformed the average return of funds in the peer group over the medium term. Although this fund is relatively new, the management group has followed this fund’s strategy since December 2009.
It is reasonably priced: The ‘Sterling B’ distributing share class levies annual ongoing charges of 0.98% as at 17 February 2020.
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: Sustainability Themed. This relates to funds that focus on sustainability related issues and opportunities as part of their investment strategy, often alongside ethical criteria. Their focus is often around longer term societal and environmental trends.
How the fund is managed: The fund excludes companies that defy the United Nations Global Compact Principles; derive any of their revenues from controversial weapons; conduct animal testing for non-medical purposes; own fossil fuel reserves; or generate power from fossil fuels. The fund also imposes limits on companies that derive more than 5% of revenues from tobacco, alcohol, gambling and military equipment. The managers then seek to identify primarily US companies that have prospects for above average earnings growth in the future, and effectively implement sustainable business strategies that drive earnings growth.
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.
Currency: Your investment may be significantly affected by changes in currency exchange rates.
Portfolio concentration: The fund has a concentrated portfolio compared with its benchmark, which is the Russell 1000 Growth index, typically investing in 30-40 stocks. As at 30 April 2020 the top 10 stocks represented 44.2% of assets under management.
|Information and data compiled to 30 April 2020.|
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.