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Why we recommend it
Experienced and highly regarded team: Six fund managers run the fund. This allows all best ideas to be discussed, as well as eliminating key person risk.
Clear and well-defined investment process: Global strategy with a long-term investment horizon, providing exposure to companies which are beneficial to the society and exhibit a responsible culture.
Superior performance: Strong three-year track record (however the managers’ track record goes long before that and is also successful).
The fund is competitively priced: The ‘B’ share class has annual ongoing charges of 0.53%.
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: ESG Plus. This relates to funds that have a strong ESG strategy plus SRI/ethical/stewardship-related activity.
How the fund is managed: The team runs a portfolio of around 70 to 100 holdings out of an investable universe of an estimate 6,000 opportunities. The fund is diversified on a sector and theme level and it is unusual for a single stock to exceed 6% weight of the overall portfolio. Company research is carried out by dedicated specialist teams: US, Europe, Japan, UK, Emerging Markets and smaller companies. Each stock in the portfolio is included because the team believes it has the potential to be a great responsible growth company, and every holding can make a meaningful difference to the performance. ‘Sin’ sectors such as tobacco, alcohol, gambling, adult entertainment, armaments and fossil fuels are excluded.
The fund has a target to deliver net of charges returns in excess of the MSCI AC World Index by at least 2% per annum over rolling five-year periods. In addition, the portfolio is likely to look and perform very differently to the benchmark, where overlap with the index would typically be less than 10%.
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: Because investments are made predominantly outside the UK, performance may be significantly affected by changes in exchange rates.
|Information and data compiled to October 2020.|
The information we provide in the ACE 40 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 40 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 40 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 40 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 40 investments list.