Global SRI Fund

Description:

The Global Equity SRI Fund is an actively managed equity portfolio which holds c.60-100 global stocks. The portfolio is managed in accordance with the Setanta investment philosophy.  That is, the managers seek to own good businesses for the long-term at prices below what they think they’re worth, carefully considering each investment’s risk profile; in addition to this stocks are screened to ensure they meet predefined ethical criteria.  Ethical restrictions exclude investments in a number of areas, including the likes of armaments, embryonic stem cell research, and nuclear fuels.

The fund is managed by a team of eight global sector specialists, overseen by two lead portfolio managers.  The aim is to achieve a sensible level of diversification on a sector and geographic basis.  Stocks are chosen through bottom-up analysis, based on investment merit, while adhering to the ethical criteria.  Rather than focusing on the historic level of volatility of an asset, the portfolio managers regard the probability of permanent impairment of capital as the most relevant measure of risk.  In doing so, they seek to maximise downside protection by understanding the risks posed by the valuation, financial, and operational characteristics of the asset.

The Fund’s active share, a measure of overlap versus the benchmark, is typically around 90%, a level that is generally considered highly differentiated.

 

Investment Objective:

The investment objective of the Fund is to outperform the MSCI World index over periods of three years or more.

Key Information & Disclosures(s)

The Global Equity SRI Fund is managed by Setanta Asset Management Limited and is a representative account of the Global Equity SRI strategy. The Fund is currently available in Germany, via a unit linked offering of Canada Life Assurance Europe plc. Learn more

For these life assurance products, investors should refer to the relevant policy conditions. The strategy is also available on a segregated basis to institutional investors.

WARNING: Past performance is not a reliable indicator of future results. The price of units and the income from them may go down as well as up and investors may not get back the amount invested. The return may increase or decrease as a result of currency fluctuations. Forecasts are not a reliable indicator of future performance.