KAMES GLOBAL SUSTAINABLE EQUITY B

  • 1728.39p Price (Inc)
  • - Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.75% Annual management charge
  • 0.98% Ongoing charges
  • 0.00% Yield

Fund data last updated 15 November 2019

The fund aims to maximise total return (income plus capital) by investing in a diversified portfolio of global equities, which meets the fund’s predefined Environmental, Social, Governance, and fundamental investment criteria. The portfolio is fairly concentrated, with the manager screening and ranking all stocks based on their sustainability criteria. Stocks are listed as either sustainable leaders or improvers, and the manager has a bias towards improvers for potential alpha generation.

Fund summary

Sector Global
Structure OFFSHORE FUND
Launched
Size £194m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only

Charges

Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.98%

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Investment process

The five stage investment process seeks to identify undiscovered sustainability improvement and undiscovered growth from a global universe of approximately 4000 stocks. The five stages: 1) Kames global equity screen - looking for financially strong companies with strong cash flows and technical advantages, 2) Product exclusion screen - tobacco, gambling, weapons, nuclear, pornography, 3) Sustainability analysis - products, practices and improvement resulting in a rank of leaders, improvers or laggards, 4) Fundamental Valuation Technical analysis of Leaders and Improvers, 5) Portfolio construction - concentrated 35-45 stocks, without explicit regional or country limits and an aim to maintain a high level of active share (+90%) and stock specific risk (>70%).

This fund has performed well since it launched in 2016. It is a fairly concentrated portfolio of global equities, which the manager has screened and ranked based on their sustainability criteria. The team have a clear bias towards growth and sustainable improvers for alpha generation. These companies are set annual KPIs to ensure they actually are improving in terms of ESG targets. Kames is an experienced fund house in terms of ethical and sustainable investing, with an established ESG team monitoring all stocks that are included in the portfolio. We would describe this fund as light to mid green in terms of its investment restrictions.

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

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Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Portfolio

Concentrated portfolio of 35-45 stocks. 90% + active share. 3-6% tracking error.

Key Investor Documents

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