BMO Responsible Global Equity Fund 2 Acc

Global Growth

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
Name
BMO Responsible Global Equity Fund 2 Acc
Manager
BMO Asset Management Limited
Type
Open Ended Investment Company
ISIN
GB0033145045
Sector
Global
Launched
15/08/2003
OCF
0.79 %
Risk Rating
4
3 Year Sharpe
0.87
3 Year Alpha
-1.80
Yield
0.5 %
Benchmark
MSCI World GR GBP
The objective is to provide long-term capital growth.
Holding %
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 %
Region %
United States 59.07 %
Eurozone 13.32 %
Japan 11.13 %
United Kingdom 9.68 %
Sector %
Technology 23.52 %
Healthcare 20.24 %
Financial Services 19.60 %
Industrials 14.60 %
Consumer Cyclical 10.53 %
Name
BMO Asset Management Limited
Address
EC2A 2NY, London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Nick Henderson
Joined 11/30/2016

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
Joined 09/01/2013

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.

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