Strategy

Sustainable growth

• The fund is focused exclusively on companies providing solutions to sustainability challenges;
• We add value through expert understanding of the sustainability themes, new technologies and business models as well as through individual stock selection based on superior insights into companies in our portfolio.
• Focusing on companies that provide solutions to critical environmental and social pressures confronting society creates an investment universe with superior growth prospects.
• From this universe we invest in sectors and themes with high growth that are typically under- appreciated by the broader market.

Quality

• High quality companies are more likely to capture growth opportunities, and we believe that a company’s environmental, social and governance (ESG) profile is an important and under-appreciated indicator of quality.
• Our research combines ESG with traditional financial analysis at every stage of a methodical process revealing important information about a company’s growth potential and risk profile.
• We also believe that engaging with companies to challenge them on a range of ESG issues, and analysing their responses, further adds to our knowledge and understanding of a company.

Valuation

• The culmination of our investment process is to determine whether a company is attractively valued, or what would represent an attractive entry point for a stock.
• We use a range of valuation techniques and metrics to judge what ‘attractively valued’ means.
• The fund style is best described as quality, sustainable “growth at the right price” (GARP).
• We build a bespoke global peer group of comparable companies against which to compare valuations.
• We also use an historical perspective to assess the range of valuations over a longer time period.