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Laxman Pai, Opalesque Asia: The $76 billion, employee-owned investment firm Brown Advisory has launched the Global Leaders Sustainable fund under its Dublin-UCITS umbrella.
The new UCITS Fund adds environmental, social and governance (ESG) screens to Brown Advisory's top quartile performing Global Leaders Strategy. The addition of the ESG screens has been made in response to client demand.
Managed by Mick Dillon and Bertie Thomson, the fund follows the same philosophy and process that the team has employed since May 2015 when the Global Leaders strategy was launched.
"The Global Leaders Sustainable Fund expands on the ESG integration that is already built into their bottom-up research process by adding back-end screens to avoid certain business controversies, such as military equipment, alcohol, and tobacco, as requested by its clients," said a release.
Two holdings currently fall foul of the screens and are therefore excluded; these investments will not be replaced with other stocks, instead, the residual capital, which accounts for around 5 percent of the portfolio, will be reinvested across the remaining holdings.
Mick Dillon, Portfolio Manager of the Global Leaders Sustainable Fund, says: "We are pleased to have been able to respond to our clients by offering a solution that widens the appeal of our successful Global Leaders strategy through this subtle adaptation."
Bertie Thomson, Portfolio Manager of the Global Leaders Sustainable Fund, adds: "To...................... To view our full article Click here
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