Fund Name | SRI Style | Product | Region | Asset Type | Launch Date | |
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Rathbone Active Income and Growth Fund |
Ethical | Charities | Global | Mixed Asset | 02/07/2012 | |
Fund Size: £215.59m Total screened & themed / SRI assets: £2000.00 Total Responsible Ownership assets: £60200.00 Total assets under management: £60200.00 As at: 31/12/22 Contact: natalie.yapp@rathbones.com |
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OverviewThe fund is managed in accordance with Rathbones Responsible Investment policy and investment process. |
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FiltersFund informationSustainabilityEncourage more sustainable practices through stewardship Climate Change & EnergyParis aligned fund strategy Human RightsModern slavery exclusion policy Ethical Values Led ExclusionsEthical policies Tobacco and related product manufacturers excluded Armaments manufacturers avoided Alcohol production excluded Gambling avoidance policy Pornography avoidance policy Banking & FinancialsPredatory lending exclusion Governance & ManagementGovernance policy Avoids companies with poor governance Encourage board diversity e.g. gender Encourage higher ESG standards through stewardship activity Fund GovernanceESG integration strategy Asset Size & MetricsInvests in small, mid and large cap companies Invests mostly in large cap companies How The Fund WorksBalances company 'pros and cons' / best in sector Limited / few ethical exclusions* Negative selection bias Combines ESG strategy with other SRI criteria Focus on ESG risk mitigation SRI / ESG / Ethical policies explained on website Intended Clients & Product OptionsIntended for investors interested in sustainability Portfolio SRI / ESG options available (DFMs) Multiple SRI / ESG portfolio options available (DFMs) Bespoke SRI / ESG portfolios available (DFMs) Fund management company informationAbout The BusinessESG / SRI engagement (AFM company wide) Responsible ownership / stewardship policy or strategy (AFM company wide) Responsible ownership policy for non SRI funds (AFM company wide) Responsible ownership / ESG a key differentiator (AFM company wide) Diversity, equality & inclusion engagement policy (AFM company wide) Sustainable property strategy (AFM company wide) Specialist positive impact fund management company Integrates ESG factors into all / most fund research In-house diversity improvement programme (AFM company wide) Vulnerable client policy on website (AFM company wide) Offer unstructured intermediary sustainable investment training ResourcesIn-house responsible ownership / voting expertise Employ specialist ESG / SRI / sustainability researchers Use specialist ESG / SRI / sustainability research companies ESG specialists on all investment desks (AFM company wide) Collaborations & AffiliationsPRI signatory UKSIF member Climate Action 100+ or IIGCC member Fund EcoMarket partner GFANZ member (AFM company wide) TNFD forum member (AFM company wide) Investment Association (IA) member AccreditationsUK Stewardship Code signatory (AFM company wide) PRI A+ rated (AFM company wide) Engagement ApproachRegularly lead collaborative ESG initiatives (AFM company wide) Encourage responsible corporate taxation (AFM company wide) Engaging on climate change issues Engaging with fossil fuel companies on climate change Engaging to reduce plastics pollution / waste Engaging to encourage responsible mining practices Engaging on biodiversity / nature issues Engaging to encourage a Just Transition Engaging on human rights issues Engaging on labour / employment issues Engaging on diversity, equality and / or inclusion issues Engaging on governance issues Engaging on mental health issues Engaging on responsible supply chain issues Company Wide ExclusionsReview(ing)carbon / fossil fuel exposure for all funds (AFM company wide) Climate & Net Zero TransitionEncourage carbon / greenhouse gas reduction (AFM company wide) Net Zero commitment (AFM company wide) Carbon transition plan published (AFM company wide) ‘Forward Looking Climate Metrics’ published / ITR (AFM company wide) Carbon offsetting – do NOT offset carbon as part of net zero plan (AFM company wide) In-house carbon / GHG reduction policy (AFM company wide) Net Zero - have set a Net Zero target date (AFM company wide) Committed to SBTi / Science Based Targets Initiative TransparencyPublish full voting record (AFM company wide) Publish responsible ownership / stewardship report (AFM company wide) Full SRI policy information on company website Full SRI policy information available on request |
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PolicyWe don’t invest directly in any company that derives more than 10% of its sales from gambling, high interest-rate lending, pornography or from the manufacture of tobacco or tobacco products, alcohol, thermal coal/tar sands or armaments.
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ProcessThrough an holistic appraisal of ESG opportunities and risk, we take a well-informed approach to responsible investment. To that end, we have developed a core set of guiding principles that apply to our responsible investment activities:
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Resources, Affiliations & Corporate StrategiesFor equity research, there is a very strong emphasis on in-house research. The investment team undertake their own stock and industry analysis. Whilst this will be supplemented by external sources of research, home-grown ideas and themes are valued highly. The investment process has been developed over many years, and every member of the team understands that an investment rationale has to be framed within certain lines of argument: - trinity of risk (price, business, financial) with a firm understanding of cash returns on invested capital.
Whilst much third-party research is discarded as being biased or corporate led, there are some sources that are held in high regard. This can be especially useful in understanding the wider industry. We can also benefit from research demonstrating views which oppose our own. We are open to challenge and understanding differing views and expectations can improve our own analysis and outcomes. Elsewhere, Rathbones pays for economics and strategy research from several independent groups, in addition to in-house teams.
Under the MiFID II regulation, all research is paid for on our own P&L and not charged to clients. The majority of our research is undertaken in-house. However, we also draw on research from the following strategists: BCA, Oxford Economics, Capital Economics, Cornerstone Marco, Macrostrategy Partnership, Stratfor and Gavekal. In each case their economists visit Rathbones for regular internal meetings as well as providing written updates. These views form an integral part of the debate over asset allocation.
Finally, the team is also in a position to leverage intellectual capital from across the Rathbones Group in terms of utilising the various committees (stock selections, collectives, overseas equities, amongst others), analysts and the internal and external research available.
In order to encourage adoption of best practice, Rathbones has appointed a Stewardship Committee which plays a vital role in helping us meet our duties as responsible investors. Each committee member has responsibility for a number of specific companies and must oversee the implementation of Rathbones’ voting policy for those companies.
Our major responsibility is to ensure that company boards are functioning well in their role to independently oversee the activities of companies and their management, and to make sure the full scope of ESG risks are reported on and managed.
ESG affiliations and accreditations Listed below are a number of memberships organisations and investor discussion groups that either Rathbone investment management or Rathbone Greenbank are involved in:
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LiteratureLast amended: 09/03/24 08:59 |
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05/04/2024