Stewart Investors Worldwide Sustainability Fund Class B (Accumulation) GBP

Global Growth

Rated Fund 2017-2018. Backs companies meeting sustainable development challenge

Launched in 2012, this fund invests globally in companies that are strongly positioned to benefit from and contribute to the sustainable development of the countries in which they operate.

Investment decisions around sustainability are based on three key points: identifying companies that manage sustainability risks and opportunities, and those with a positive sustainability impact; inclusion of environmental, social and corporate governance matters in investment research; and engaging directly with companies on identified sustainability issues.

The managers are Nick Edgerton and David Gait. They underline that they are not 'green', 'clean tech' or 'ethical' investors — their emphasis is on sustainable development, which Stewart Investors believes is a key driver of investment returns. Sustainable development is about trying to address the challenges the world faces, such as population pressures, land and water scarcity, and extreme levels of poverty.

The managers seek to find business models that will benefit from a shift in both developed and developing countries from a resource-intensive, consumption-driven, debt-dependent model of development towards a more sustainable one. They seek to back management teams that understand these challenges and are able to seize the opportunities afforded by them.

The managers contend that such companies will face fewer risks and be better placed to deliver positive returns to shareholders over the long term. By analysing the sustainable development performance and positioning of companies, they believe they can better understand less tangible elements of quality and identify less obvious risks.

Narrative and ratings content all as of 01 January 2018.

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Name
Stewart Investors Worldwide Sustainability Fund Class B (Accumulation) GBP
Manager
First State Investment Mgmt (UK) Ltd
Type
Open Ended Investment Company
ISIN
GB00B7W30613
Sector
Global
Launched
01/11/2012
OCF
0.99 %
Risk Rating
3
3 Year Sharpe
1.46
3 Year Alpha
1.66
Yield
0.3 %
Benchmark
MSCI ACWI NR USD
The Fund aims to achieve long-term capital growth. The Fund will seek to invest in a diverse portfolio of equity securities which are listed, traded or dealt in on any of the Regulated Markets worldwide. The Fund is not managed to a benchmark and may have exposure to developed or emerging markets whilst maintaining its geographical diversity. The Fund invests in companies which are positioned to benefit from, and contribute to, the sustainable development of the countries in which they operate.
Holding %
Henkel AG & Co KGaA 7.59 %
Unilever PLC 6.76 %
Tata Consultancy Services Ltd 4.63 %
Waters Corp 4.23 %
Novo Nordisk A/S B 4.01 %
Merck KGaA 3.97 %
Beiersdorf AG 3.76 %
Ansys Inc 2.98 %
Varian Medical Systems Inc 2.71 %
Ain Holdings Inc 2.49 %
Region %
Eurozone 25.07 %
United States 22.32 %
Europe - ex Euro 12.76 %
Asia - Emerging 12.42 %
Japan 9.64 %
United Kingdom 9.60 %
Sector %
Consumer Defensive 35.10 %
Healthcare 27.20 %
Technology 15.43 %
Industrials 10.82 %
Financial Services 5.61 %
Name
First State Investment Mgmt (UK) Ltd
Address
EH2 1BB, Edinburgh, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Nick Edgerton
Joined 07/31/2013

Nick is responsible for generating investment ideas for the Stewart Investors Sustainable Funds group across all sectors in emerging and developed markets. He joined the team in April 2012 following two years in the First State Investments group. Nick previously worked as an analyst with the Sustainability funds at AMP Capital Investors, and has experience as a consultant, public servant, and academic in sustainability and economics. Nick holds a Bachelor of Economics from Macquarie University, and a Master of Science with Distinction in Ecological Economics from the University of Edinburgh.

David Gait
Joined 11/01/2012

David Gait is Senior Portfolio Manager with First State Investments’ Global Emerging Markets/Asia Pacific (ex-Japan) team, having joined the company in 1997. David took on portfolio manager responsibilities in December 2005 managing the First State Asia Pacific Sustainability Fund. In August 2008 he was appointed lead portfolio manager of the First State India Subcontinent Fund. In early 1999, he joined the Asia Pacific (ex-Japan) desk as Senior Analyst. Having initially covered Korea, Taiwan and the Indian Sub-continent until the end of 2000, he then focused his research efforts on China and South-East Asia. David now covers all emerging markets with a specific focus on SRI and macro research. David holds an MA with honours in Economics from Cambridge University, and holds a Master of Science in Investment Analysis from Stirling University. He is an Associate member of the UK Society of Investment Professionals.

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