A concentrated global equity fund investing in companies that we believe display exemplary stewardship with sustained track records of strong financial performance.
We define stewardship as how companies balance the interests of all stakeholders in the pursuit of long-term growth, as well as how they incorporate material environmental, social, and corporate governance (ESG) risks and opportunities in their corporate strategy, although it does not necessarily mean that the core business of the company is ESG related.
We believe all stewards must possess the following characteristics:
Investors should consider the risks that may impact their capital. The value of your investment may become more or less than the amount you initially invested.
A concentrated global equity fund investing in companies that we believe display exemplary stewardship with sustained track records of strong financial performance
Capital at risk.
In the team’s view, good corporate stewardship signals a company's potential to outperform peers over time. Integrating potential ESG-related financial risks into strategic planning can help a company become more competitive and further improve stewardship. Over time, this cycle may lead to better resiliency and adaptability, encourage innovation, extend market leadership, and enhance financial returns. We call this self-reinforcing dynamic the stewardship flywheel, referring to the rotational force of a smaller wheel to accelerate a larger wheel.
A growing number of companies recognise that good environmental, social, and corporate governance (ESG) practices are good for business. Portfolio managers Mark Mandel and Yolanda Courtines aim to identify traditional market-leading companies that also demonstrate positive stewardship and ESG leadership.