Sarasin Food & Agriculture Opportunities Fund (Class P Acc)

Specialist

Rated Fund 2016-20. Invests in food-related firms from field to fork

Sarasin Food & Agriculture Opportunities is the top performer against similar funds. It aims to identify areas of the food business spectrum that stand out as having potential for high growth as a result of global trends.

The fund was set up in 2008 to achieve long-term capital growth through investment in food and agriculture companies from across the world. Henry Boucher has run this fund since inception. His deputy, Jeneiv Shahseek, was promoted to co-manager in 2019.

They invest in firms that score well on factors such as market positioning, pricing power, technological leadership and control of resources. In order to minimise risk, they invest across the full food and agriculture value chain.

Boucher has identified three mega-trends that underline the case for investing in food and agriculture. These are the increasing world population, which means there are more mouths to feed; increasing urbanisation and infrastructure development, which gives people access to reliable electricity to power refrigerators; and diet change, as rising incomes enable people to buy different types of foods and eat out in restaurants.

Boucher points out that these trends provide many opportunities for investors among, for example, firms producing machinery and technology that improve productivity and food safety, and wine producers catering for the growing demand in emerging markets such as China. He says the ability to diversify the fund across the food chain – from field to fork – helps reduce its volatility.

The fund is well-diversified geographically and not as heavily biased to the US as many global equity funds.

Narrative and ratings content all as of 01 January 2020.

See all Money Observer rated funds
Name
Sarasin Food & Agriculture Opportunities Fund (Class P Acc)
Manager
Sarasin Investment Funds Ltd
Type
Open Ended Investment Company
ISIN
GB00B77DTQ97
Sector
Specialist
Launched
15/10/2012
OCF
0.98 %
Risk Rating
4
3 Year Sharpe
0.29
3 Year Alpha
4.27
Yield
1.2 %
Benchmark
Not Benchmarked
The Fund seeks to grow the Fund (through increases in investment value and income) over a rolling 5 year period after deducting fees and costs. We invest at least 80% of the Fund in companies from around the world. The Fund invests mainly in the shares of companies, but may also invest in other funds (including those managed by Sarasin), exchange traded funds (funds which can be traded on major stock exchanges similarly to a company share) and exchange traded commodities (which track the performance of a commodity index). We avoid companies that are materially engaged in certain sectors, including the production or distribution of tobacco, armaments, gambling and adult entertainment.
Holding %
Ocado Group PLC 4.57 %
Koninklijke DSM NV 4.14 %
Aramark 4.13 %
Genus PLC 4.06 %
China Mengniu Dairy Co Ltd 4.00 %
Mowi ASA 3.74 %
WH Group Ltd 3.56 %
Barry Callebaut AG 3.31 %
Leroy Seafood Group ASA 3.01 %
Britannia Industries Ltd 2.97 %
Region %
United States 35.58 %
United Kingdom 19.14 %
Europe - ex Euro 16.84 %
Eurozone 8.80 %
Asia - Emerging 8.65 %
Sector %
Consumer Defensive 40.03 %
Basic materials 22.16 %
Consumer Cyclical 13.52 %
Industrials 10.73 %
Healthcare 6.20 %
Name
Sarasin Investment Funds Ltd
Address
EC4M 8BU, London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Jeneiv Shah
Joined 08/01/2017
Henry Boucher
Joined 03/31/2008

Henry started his career in finance in 1983. Specialising in asset allocation and equity fund management, he has managed a wide variety of funds, including unit trusts, pensions, life funds and charities. He is also a co-author of the Sarasin Compendium of Investment, a reference book for trustees published biennially, which covers all the major asset classes and is designed to put investment trends in a longer-term context. Henry is Deputy Chief Investment Officer, focused on global equities. He is also responsible for Sustainable Investment at Sarasin & Partners and for the Food & Agriculture Opportunities team.

Data provided by Morningstar.

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