Sarasin Food & Agriculture Opportunities Fund (Class P Acc)
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
|Ocado Group PLC||4.57 %|
|Koninklijke DSM NV||4.14 %|
|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 %|
|United States||35.58 %|
|United Kingdom||19.14 %|
|Europe - ex Euro||16.84 %|
|Asia - Emerging||8.65 %|
|Consumer Defensive||40.03 %|
|Basic materials||22.16 %|
|Consumer Cyclical||13.52 %|
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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