Sarasin Food & Agriculture Opportunities Fund (Class P Acc)
Rated Fund 2016-19. Invests in companies from field to fork
This 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 and was joined by deputy Jeneiv Shahseek in 2017.
They aim to identify areas of the food spectrum that stand out as having potential for high growth as a result of global trends. Then they invest in companies within these areas that are well-placed to benefit due to factors including 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 giving people access to reliable electricity to power refrigerators; and diet change, with rising incomes meaning that people can afford different types of foods, including processed and packaged food, and to eat out in restaurants.
He points out that these trends provide many opportunities for investors ranging from firms involved in mechanisation and technology to improve productivity and food safety, to wine producers who are 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 to reduce its volatility and it is also 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 2019.See all Money Observer rated funds
|Treasury Wine Estates Ltd||5.37 %|
|Deere & Co||4.99 %|
|Koninklijke DSM NV||4.50 %|
|Mowi ASA||4.13 %|
|China Mengniu Dairy Co Ltd||4.06 %|
|Nutrien Ltd||3.57 %|
|The Middleby Corp||3.45 %|
|Genus PLC||3.20 %|
|Barry Callebaut AG||3.04 %|
|Just Eat PLC||2.98 %|
|United States||34.05 %|
|United Kingdom||19.09 %|
|Europe - ex Euro||15.21 %|
|Consumer Defensive||40.47 %|
|Basic materials||23.27 %|
|Consumer Cyclical||11.67 %|
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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