| Asset Group | Asset Sub-Group | Investment Category |
| Equities | UK equity income | Core |
Why we recommend itThe fund has been managed by Catherine Stanley since 2009. She is primarily supported by six other managers/analysts, all of whom have input into the management of this fund. The team has other draws on its time but is experienced and stable. Environmental, Social and Governance (ESG) screening is conducted by large team that is also responsible for engagement and voting. This team defines the investment universe for this product. The ESG screening excludes a large proportion the FTSE 350. This plays to the experience of Catherine Stanley, who is a specialist in the small-cap space. Investment research focuses on quality characteristics, considering strength of business, financial position, and quality of management as key elements in the assessment. For this strategy, the team is also looking for yield, and all of this is balanced against near term valuations. There is also a small allocation to corporate bonds, which is managed by the credit team within the firm. Its purpose is to enhance yield, but its allocation has been low (less than 5%) over the last couple of years. The growth and smid-cap biases from the screening come through in the final portfolio versus the mainstream UK Equity Income peer group, but they are not extreme and the yield from the fund is close to the peer group average. Opinion Sustainability criteriaMorningstar Sustainable Attribute: This fund is considered a sustainable investment product based on its prospectus or other regulatory filings. As a General ESG Investment, the fund uses ESG criteria as a central part of the security-selection and portfolio-construction process. These strategies endeavour to promote sustainability and minimize negative impact, without focusing on a specific theme or area of action. | ||
| Information and data compiled to March 2024. | ||
Risk warnings
The information we provide in the ACE 40 investments list does not constitute a "personal recommendation". You should ensure that any investment decisions you make are suitable for your personal circumstances and that the ethical style of the investment reflects your personal beliefs.
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