Interactive Investor

ii ACE 40 investments:
BMO Responsible Global Equity Fund

ii Ace 40
Asset GroupAsset Sub-GroupInvestment Category
EquitiesGlobal equitiesCore

Why we recommend it

The fund has been managed by Jamie Jenkins since 2012. He is primarily supported by four managers and five analysts, although more recently, post the merger between BMO and Threadneedle, a further 15 analysts/managers with a global remit are also available. ESG screening is conducted by large team that is also responsible for engagement and voting. This team defines the investment universe for this product. 

The manager invests in stocks that are related to one of seven social and environmental themes the team has identified but will also consider ESG leaders and those with the potential to show meaningful improvement.  Investment research focuses on high quality businesses with strong management that are trading at attractive prices. 

This approach results in growth and mid-cap biases compared to the MSCI World Index benchmark. At the sector level IT, industrials and healthcare have been persistent overweights.

The persistent growth and mid-cap biases will impact returns over the shorter term, but over the longer term the manager has shown successful implementation of this strategy. The process is structured, and the team is well resourced, with an experienced leader in Jamie Jenkins.

The fund is reasonably priced: The ‘2’ accumulation share class levies annual ongoing charges of 0.79%.

Ethical criteria

ii ACE sustainable 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: Ethical. Ethical Funds consider 'values based' issues like tobacco, gambling and armaments, typically alongside a wide range of environmental and social issues Some funds have strict screening criteria and avoid a significant nuber of companies. Others invest in most sectors, focusing on companies with the highest standards. Strategies vary. 

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.

Information and data compiled to March 2023.

Risk warnings

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 Review.

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.