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ii ACE 40: Montanaro Better World

Ethical investing

ii ACE 40 investments:
Montanaro Better World

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Asset Group

Asset Sub-Group

Investment Category

Equities

Global equities

Smaller companies

 

WHY WE RECOMMEND IT

Specialist strategy: The fund has a smaller company bias and incorporates strict criteria for positive impact. 

Strong and successful investment process: An investment process that Montanaro Asset Management have been following long before the launch of the fund in April 2018. 

 

ETHICAL CRITERIA

ii ACE ethical style: Embraces. This means the fund adopts a targeted or proactive approach to ethical investing, in an effort to make a positive impact and/or environmental outcomes.

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 was launched in April 2018 and is managed by Charles Montanaro and Mark Rogers. They invest in small and mid-cap listed companies, which aim to help solving some of the world’s major challenges by supporting the United Nations Sustainable Development Goals. Following a strict three-stage process the managers aim to establish if a company is making a good impact. This is done through a variety of screening tools and meeting company management regularly. The outcome is a concentrated portfolio or around 50 quality growth holdings, benchmarked against the MSCI World SMID index.  

 

THE RISKS

Smaller companies: The fund has a smaller company bias which could lead to higher volatility during certain time periods. 

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.

Style bias: Performance could deteriorate should growth investing go out of favour.  

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.

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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 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.