| Asset Group | Asset Sub-Group | Investment Category |
| Equity | Global Equities | Core |
Why we recommend itThe fund is managed by Mark Mandel and Yolanda Courtines who have been in place since inception in 2019. Both are experienced analysts with over 20 years’ experience and Mandel was Director of Global Research at Wellington between 2002 and 2017. Support is provided by a team of over 50 global industry analysts plus a 40-person sustainable investment team. The managers aim to hold stocks that combine a high relative return on capital with good stewardship, which they believe can lower capital costs over time. Starting with an investment universe of 750 highly liquid global stocks, they use quantitative screens to narrow this down to 150 promising candidates, which they research intensively with the help of Wellington's global industry analysts and environmental, social and governance (ESG) team. On the fundamental side, they focus on the sustainability of a company's returns on equity and the skill of its management at allocating capital; on the stewardship side, they look at each company's ESG priorities and willingness to engage. The portfolio is reasonably concentrated with 35-45 stocks. Unlike many ESG peers the portfolio maintains a blend style profile rather than being growth focused. At the sector level there are often overweights to industrials and financials and underweights to energy and communication services. Since launch the process has been successfully implemented. Opinion Sustainability criteriaMorningstar Sustainable Attribute: This fund is considered a sustainable investment product based on its prospectus or other regulatory filings. As a General ESG Investment, the fund uses ESG criteria as a central part of the security-selection and portfolio-construction process. These strategies endeavour to promote sustainability and minimize negative impact, without focusing on a specific theme or area of action. | ||
| Information and data compiled to April 2024. | ||
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.
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