ASI UK Responsible Equity Fund I Inc

UK Growth

New for 2020. Taps into sustainable investing trend  

ASI UK Responsible Equity was named Best Smaller UK Growth Fund in Money Observer's 2019 fund awards. We believe funds like this one - that demonstrate good financial returns while being committed to promoting sustainability - stand to attract a growing following as more investors look to do good with their investments. Our awards criterion for smaller funds is that they should not be larger than £150 million, and Aberdeen Responsible UK Equity is a tiddler of a fund with just shy of £38 million in assets. It nevertheless packs a punch.

It aims to outperform the FTSE All-Share index by a margin of 3% per year over five years and has done that with aplomb, particularly over the last year. It also rates well on a risk- adjusted basis - limiting volatility and the level of risk it takes to achieve its returns. As its name suggests, the fund has a keen focus on responsible investing, leading to an above- average Morningstar sustainability rating.

Run by the UK equity team at Aberdeen Standard Investments, it had no named managers - in line with many other funds in the former Aberdeen Asset Management stable - until November 2019, when Louise Kernohan became named manager. She has, however, been involved in the management of the fund since it launched in 2006. In managing this fund, she runs a concentrated fund with just 45 holdings, selected on the basis of their environmental, social and governance (ESG) credentials as well as their financial record, management and business prospects. Where she believes practices relating to ESG are lacking, she will encourage the company to adopt more responsible practices.

Narrative and ratings content all as of January 2020.  

See all Money Observer rated funds
Name
ASI UK Responsible Equity Fund I Inc
Manager
Aberdeen Standard Fund Managers Limited
Type
Open Ended Investment Company
ISIN
GB00B131GH54
Sector
UK All Companies
Launched
01/10/2012
OCF
0.87 %
Risk Rating
3
3 Year Sharpe
0.28
3 Year Alpha
7.38
Yield
1.7 %
Benchmark
FTSE AllSh TR GBP
To generate growth over the long term (5 years or more) by investing in UK equities (company shares), which meet the fund’s environmental, social and governance screening criteria.
Holding %
Aberdeen Standard Liqdty (Lux) Stlg Z-1 4.63 %
RELX PLC 4.11 %
Prudential PLC 3.72 %
London Stock Exchange Group PLC 3.72 %
Just Eat Takeaway.com NV 3.63 %
National Grid PLC 3.46 %
AVEVA Group PLC 3.43 %
Close Brothers Group PLC 3.02 %
Standard Chartered PLC 2.74 %
Ashmore Group PLC 2.72 %
Region %
United Kingdom 92.47 %
Sector %
Financial Services 22.70 %
Industrials 19.16 %
Consumer Cyclical 13.29 %
Communication Services 9.93 %
Technology 8.38 %
Basic materials 8.10 %
Healthcare 8.03 %
Name
Aberdeen Standard Fund Managers Limited
Address
EH2 2BY, Edinburgh, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Louise Kernohan
Joined 11/05/2019

Louise Kernohan is a Senior Investment Manager on the UK and European Equities Team, having joined Aberdeen via the acquisition of Deutsche Asset Management businesses in 2005. Louise graduated with a BSc (Hons) in Mathematics, Physics and Philosophy and an MA in Management from the University of Durham and is a CFA Charterholder. CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute

Data provided by Morningstar.

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