BMO Responsible Global Equity Fund 2 Acc
Rated Fund 2019-20. A diverse portfolio of ethical equities
BMO Responsible Global Equity was introduced last year as a strong contender for investors who want a keen focus on sustainability and, indeed, over the past year its Morningstar sustainability rating has been upgraded from ‘above average’ to ‘high’.
The fund invests in a diverse portfolio of ethically screened global equities. Jamie Jenkins, head of the responsible global equities team at BMO Global Asset Management, and Nick Henderson look for companies making a positive contribution to society and the environment, while avoiding those with damaging or unsustainable business practices. FundCalibre points to their “very thorough” process, with “in-depth customised analysis of companies making for very considered stock selection”. They also actively engage with portfolio companies in a bid to elicit improvements in their environmental, social and governance standards, on issues ranging from environmental standards, business conduct and human rights to labour standards, public health and corporate governance.
The fund is among the first quartile of performers in the global equity sector over one, three and five years. Nevertheless, its high exposure to the relatively risky technology sector means it forms part of our selection for more adventurous investors. The US is its largest country weighting at 59%. Its second largest geographical weighting, at almost 11%, is Japan, where tackling ESG issues is growing in importance.
Narrative and ratings content all as of 01 January 2020.See all Money Observer rated funds
|Microsoft Corp||5.83 %|
|Apple Inc||5.16 %|
|Linde PLC||3.87 %|
|Mastercard Inc A||3.48 %|
|Thermo Fisher Scientific Inc||3.26 %|
|Accenture PLC Class A||2.91 %|
|Roper Technologies Inc||2.87 %|
|Crown Castle International Corp||2.61 %|
|PayPal Holdings Inc||2.58 %|
|Humana Inc||2.58 %|
|United States||59.07 %|
|United Kingdom||9.68 %|
|Financial Services||19.60 %|
|Consumer Cyclical||10.53 %|
Nick Henderson is a Fund Manager in the Responsible Global Equities team. He joined the firm in September 2008. Prior to this, Nick undertook internships with Deutsche Asset Management, NM Rothschild, Fieldings Investment Management. Nick has a BSc in Economics from the University of Bristol and is a CFA charterholder.
Jamie Jenkins is Head of the Responsible Global Equities team. Jamie joined the firm in 2000 and is lead manager of the BMO Responsible Global Equity Fund. Prior to joining the firm, Jamie worked at Hill Samuel Asset Management as a Japanese Equities Fund Manager. He holds an MA in History from the University of Edinburgh, and has obtained his IIMR qualifications and is a member of the CFA Society of the UK.
Data provided by Morningstar.
The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.
This information is sourced from our partner Morningstar. We believe the data to be correct however you should take care in using any information.
You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.