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Ninety One UK Sustainable Equity Class J - Accumulation (GBP)

Sell:108.19p Buy:108.19p Change: 0.83p (0.76%)
Prices as at 20 December 2024
Sell:108.19p
Buy:108.19p
Change: 0.83p (0.76%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 20 December 2024
Sell:108.19p
Buy:108.19p
Change: 0.83p (0.76%)
Prices as at 20 December 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

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Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

We've been informed by Ninety One that the business has conducted a strategic review of its fund range, and as a result, intends to merge this fund into the Ninety One Global Sustainable Equity fund, subject to shareholder resolution. Until the fund merges, Evans will continue running the UK Sustainable Equity fund in the same manner as he has done since its launch in 2018.

The Global Sustainable Equity fund, which does not currently feature on our Wealth Shortlist, is co-managed by Stephanie Niven and Miles Hamilton. As this fund invests in companies across the globe, its level of investment in the UK is much lower than the UK Sustainable Equity fund. This makes it a different proposition from the UK fund that Evans currently runs.

Given the fund will no longer be available to invest in its current form in due course, or be managed by Matt Evans, we recently removed the fund from the Wealth Shortlist.

Our view on the sector

The UK stock market is home to lots of world-class companies. From international giants to a diverse array of smaller businesses. This provides a rich hunting ground for fund managers in this sector. They all try to grow investors' money over the long term, but each goes about it in a different way. Some focus on larger companies in the FTSE 100 index, others invest in medium-sized or smaller companies, and some have the flexibility to invest in any company, regardless of size. Some aim to match or deliver a return similar to the broader UK stock market. Others have the freedom to try and make as much money as possible for investors and take more risks. That could mean investing in only a small number of companies, for instance. A fund that invests in UK shares is normally the first port of call for UK-based investors. But with such a variety on offer, investors should make sure a fund is right for their circumstances before investing.

Performance Analysis

The nature of the fund's approach, including the exclusionary element of the process means that we expect it to perform differently to the broader UK stock market, and its peers in the IA UK All Companies sector. This approach results in a longer-term bias towards higher-risk small and medium-sized companies.

We think Evans is a committed and passionate sustainable investor and has the experience and resources at Ninety One to do a good job for patient investors over the long term.

Investment Philosophy

Matt Evans wants to invest in companies making a positive contribution to society, the environment or both. This is through sustainable and socially responsible practices, products and/or services.

Process and Portfolio Construction

The first step in identifying companies making a positive contribution is excluding those whose activities result in significant negative impacts. Evans then assesses companies across three pillars. A financial sustainability assessment digs into balance sheet strength, tests the quality of earnings and allows him to form a view on the management's track record of allocating capital efficiently. Meeting with company management is an important part of the process.

Evans believes a good business model will ultimately drive value, so thinks investing in high quality companies with strong competitive advantages will be a winning strategy over the long term. Next up is an internal sustainability assessment. Evans assesses the environmental and social impact of a company's operations. The manager thinks that this analysis helps to identify businesses that are run sustainably, manage their negative impacts well and are aligned with the long-term interests of its key stakeholders.

The final step is an assessment of any positive impact the company makes. This aids in quantifying the impact that financing a company's products or services makes to the environment, society or both. Evans assesses this positive impact by mapping it to the UN Sustainable Development Goals (SDGs) to target attractive sustainability outcomes.

Evans doesn't tend to make use of the flexibility to invest up to 20% of the fund overseas, so we expect this fund to retain its UK focus.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

20/12/19 to 20/12/20 20/12/20 to 20/12/21 20/12/21 to 20/12/22 20/12/22 to 20/12/23 20/12/23 to 20/12/24
Annual return n/a n/a n/a n/a 1.55%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Information about the fund

Fund manager biography

Manager Name: Matt Evans
Manager start date: 14 December 2018
Manager located in: TBC

Matt is a portfolio manager at Ninety One, with a focus on UK Sustainable and UK Smaller Companies. Matt is based in the London office. Before joining the firm, Matt worked for Threadneedle as a portfolio manager in the UK equities team. He was co-manager of the Threadneedle UK Smaller Companies Fund, the Threadneedle UK Mid 250 Fund and a range of small cap institutional portfolios. He was also lead manager of the Threadneedle UK Ethical Equity Fund and was responsible for stock analysis and idea generation for the wider team. Prior to joining Threadneedle, Matthew was a portfolio manager at Legal & General Investment Management specialising in UK Small Caps. He graduated from Loughborough University with a degree in Geography and Sports Science. In addition, Matt holds the Investment Management Certificate.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now