The JOHCM Global Opportunities Fund is a high conviction, benchmark-unconstrained stock picking fund that invests in both developed and emerging markets. Fund managers Ben Leyland and Robert Lancastle bring to bear the same successful investment philosophy and process that established the JOHCM UK Opportunities Fund as a leading UK equities fund, focusing on companies that are capable of producing compounding growth over the long term.
Ben and Robert aim to identify long-term trends and themes and then find undervalued, high quality companies which benefit from these trends and themes
The market persistently underestimates the value created by well-managed companies in growth areas reinvesting wisely
Returns-based absolute valuation approach avoids momentum and relative valuation pitfalls
Strict “sell to zero” discipline: the main risk is holding “bad” shares not missing out on “good” ones
Reasons To Invest
Long-term investment horizon
Proven success of investment philosophy and process in the form of the JOHCM UK Opportunities Fund, on which Ben Leyland served as a fund manager
Portfolio construction unconstrained by artificial index constraints
Capacity constrained to preserve long-term performance
Ben Leyland
Senior Fund Manager
Robert Lancastle
Senior Fund Manager
Jasmeet Munday
Analyst
This is a marketing communication.
Information on the rights of investors can be found here.
The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Other Global Equity Funds
JOHCM Global Select Fund
Fund managers Christopher Lees and Nudgem Richyal believe stock markets are inefficient and aim to exploit market anomalies via an investment process that combines both top-down and bottom-up research. Their distinct “4-Dimensional” investment process (stocks, sectors, countries, time/change) focuses on the behaviour of each shar...
The investment policy of the Fund is to invest in a portfolio of global equity securities listed on any Recognised Market. The selection of equity securities will primarily be driven by a cashflow analysis from the perspective of a long-term business owner. At no time will less than 80% of the Fund’s total net assets be invested in such securities. The benchmark of the Fund, for performance fee calculation purposes, will be the Index but the Fund will be managed on an ‘unconstrained basis’ with no restrictions in terms of regional or sector allocation versus this benchmark.
Information on the rights of investors can be found here.
The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Strategy Highlights
As at 31 August 2023
August saw the first notable drawdown in equity markets since March. The MSCI AC World Index fell 5.7% in USD terms by 18 August before rallying by 3% into the end of the month.
The equity market declines were accompanied by further rises in US real yields. It may not be coincidental that this followed Fitch’s downgrade of the US’s long-term credit rating to AA+ and the Bank of Japan taking steps to end Yield Curve Control.
The US 10-year Treasury yield peaked at over 4.3% despite core inflation continuing to moderate. 10-year US Treasury Inflation-Protected Securities now yield nearly 2% for the first time since 2009. With TIPS yields at 2%, US 10-year yields above 4% and US 10-year BBB corporate bonds yielding 6%, the fixed-income risk curve looks much like it did before the Global Financial Crisis (GFC). By contrast, the S&P Index trades at 20x earnings, whereas before the GFC, it was closer to 16x. We still think we are in a transition period as financial markets work through all the implications of leaving the post-GFC era of ultra-low interest rates.
The other major topic of the month was China, especially the amount of leverage in the Chinese system in the wake of the bankruptcy of Evergrande. It is striking how much the mood around China has soured compared to the optimism about reopening at the start of the year.
The fund outperformed during the month, outperforming the drawdown by more than we underperformed the rally. We were helped by the resilience of the healthcare and energy sectors and our underweight position in technology, which along with materials, led the market down. For the month as a whole, we saw strong performance from Global Payments, Cameco, Alimentation Couche-Tard and Progressive and, all for fairly idiosyncratic reasons, whereas certain cyclicals, such as Infineon and Daifuku, were weak after Q2 results.
This is a marketing communication.
Information on the rights of investors can be found here.
The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Information on the rights of investors can be found here.
The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Percentage growth of the fund versus benchmark
Data as at 30 April 2024
A GBP share class, since launch (29 June 2012)
Return history (%)
Data as at 30 April 2024
Standardised Performance
Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. The annual management charge is deducted from the capital of the Fund. This will increase the income from the Fund but may constrain or erode potential for capital growth. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. The Funds investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Mar 19 - Mar 20
Mar 20 - Mar 21
Mar 21 - Mar 22
Mar 22 - Mar 23
Mar 23 - Mar 24
Fund
-6.88%
18.20%
15.53%
0.29%
10.25%
Fund
-6.07%
19.22%
16.56%
1.16%
11.19%
Fund
-6.17%
19.05%
16.42%
1.05%
11.03%
Monthly returns (%)
Data as at 30 April 2024
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Annual
Since inception
Fund
2012
3.50
1.26
1.15
-0.75
0.19
-0.76
4.60
Benchmark
2012
3.09
0.46
1.73
-0.43
1.45
0.66
7.11
Fund
2013
8.13
4.16
3.57
-0.16
3.69
-2.06
4.37
-2.40
-0.24
4.30
0.31
1.29
27.34
Benchmark
2013
8.14
3.78
1.75
0.52
2.87
-3.57
4.71
-3.66
0.75
4.77
-0.64
0.28
20.82
Fund
2014
-2.85
3.48
0.82
0.37
2.36
-1.87
-0.07
2.43
-0.93
0.72
4.24
1.59
10.51
Benchmark
2014
-3.32
3.05
0.53
0.05
2.93
-0.04
1.05
2.53
-0.50
1.20
4.36
-0.85
11.30
Fund
2015
3.86
1.92
2.03
-0.66
3.12
-4.96
2.50
-3.18
-1.98
6.54
3.21
1.06
13.65
Benchmark
2015
2.08
2.37
3.02
-1.08
1.09
-5.84
1.49
-5.26
-3.71
8.09
1.56
-0.23
2.80
Fund
2016
-0.84
4.87
2.76
-0.46
0.46
6.29
5.30
1.23
0.12
3.81
-1.17
2.25
27.17
Benchmark
2016
-4.77
4.36
3.24
0.24
-0.05
6.58
7.21
1.42
0.89
5.49
-1.26
3.26
29.27
Fund
2017
-0.61
3.40
0.11
-1.08
3.97
-1.78
0.05
1.86
-2.72
2.36
0.37
-0.58
5.26
Benchmark
2017
1.27
3.11
1.02
-2.08
2.92
-0.56
1.51
1.79
-1.70
3.52
-0.05
1.75
13.02
Fund
2018
-2.83
-0.49
-1.17
4.07
2.55
1.80
1.98
1.73
1.00
-2.28
1.42
-4.90
2.52
Benchmark
2018
0.57
-1.34
-5.14
4.75
3.25
0.15
2.80
2.31
0.03
-6.18
1.88
-7.18
-4.83
Fund
2019
3.37
2.40
2.44
2.58
-1.06
2.74
4.52
-1.59
0.97
-2.43
0.85
-0.65
14.78
Benchmark
2019
4.91
2.07
2.10
4.54
-2.11
4.60
5.66
-3.05
0.75
-1.97
3.01
0.64
22.76
Fund
2020
0.84
-4.48
-7.98
5.58
4.16
0.84
-3.42
0.86
-0.30
-3.93
10.42
-0.33
0.94
Benchmark
2020
0.76
-6.80
-9.86
9.77
4.79
2.82
-0.78
4.74
-0.19
-2.05
8.80
1.64
12.50
Fund
2021
-1.88
0.89
5.61
3.45
0.27
1.30
-0.18
1.60
-1.22
0.80
-0.70
3.85
14.38
Benchmark
2021
0.64
-0.33
3.29
4.18
-1.11
3.83
0.32
3.66
-1.28
1.83
2.28
1.59
20.38
Fund
2022
-0.14
0.96
5.56
2.53
0.12
-4.53
4.00
1.68
-4.33
0.53
1.76
0.52
8.50
Benchmark
2022
-5.93
-1.26
5.66
-2.75
-1.88
-4.82
4.94
2.42
-4.80
1.33
1.24
-2.09
-8.40
Fund
2023
2.29
-3.11
0.58
-2.04
2.17
1.96
-0.32
0.60
-3.19
3.55
3.39
5.71
Benchmark
2023
3.15
0.32
-0.43
0.90
1.06
1.93
2.68
-1.04
-0.72
-2.86
5.13
4.47
15.26
Fund
2024
0.42
1.17
2.47
0.11
4.22
263.69
Benchmark
2024
1.84
3.23
3.77
-1.47
7.49
288.45
Source and notes
Source: JOHCM/Bloomberg/MSCI Barra.
Data shown net of fees, net income income reinvested. Benchmark: MSCI AC World NR 12pm adjusted. Performance of other share classes may vary and is available on request.
Disclaimer
Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. The annual management charge is deducted from the capital of the Fund. This will increase the income from the Fund but may constrain or erode potential for capital growth. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. The Funds investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
This is a marketing communication.
Information on the rights of investors can be found here.
The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Fund statistics
Data as at 30 April 2024
Fund size
GBP 619,37m
Number of holdings
39
Top 10 holdings and active weights
Data as at 30 April 2024
Top 10 holdings
Shell
4.08%
Philip Morris International
3.98%
Compass
3.81%
Sempra Energy
3.68%
Thales
3.54%
INTACT FINANCIAL
3.52%
Unitedhealth Group
3.51%
Deutsche Boerse
3.43%
Komatsu
3.34%
Sanofi
3.22%
Top 10 active weights
Philip Morris International
+3.77%
Shell
+3.75%
Compass
+3.74%
Sempra Energy
+3.62%
Thales
+3.52%
INTACT FINANCIAL
+3.47%
Deutsche Boerse
+3.37%
Komatsu
+3.30%
Sanofi
+3.05%
GXO LOGISTICS
+2.98%
Sector breakdown
Data as at 30 April 2024
Portfolio
Benchmark
Relative
Communication Services
1.52%
7.69%
-6.17%
Consumer Discretionary
5.00%
10.84%
-5.83%
Consumer Staples
11.01%
6.56%
4.45%
Energy
6.14%
4.74%
1.41%
Financials
15.99%
16.13%
-0.14%
Health Care
18.86%
11.10%
7.76%
Industrials
13.09%
10.85%
2.24%
Information Technology
7.86%
23.17%
-15.31%
Materials
4.66%
4.28%
0.38%
Real Estate
0.00%
2.07%
-2.07%
Utilities
11.48%
2.58%
8.90%
Cash
4.39%
0.00%
4.39%
Market cap breakdown
Data as at 30 April 2024
Portfolio
Benchmark
Relative
Large Cap
88.14%
95.04%
-6.90%
Medium Cap
7.47%
4.96%
2.50%
Small Cap
0.00%
0.00%
0.00%
Cash
4.39%
0.00%
4.39%
This is a marketing communication.
Information on the rights of investors can be found here.
The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Distribution of income occur on or before: 31 May, 31 August, 30 November and 28 February
The quarterly table above shows the last two years net dividends (on an accounting rather than a paid basis) for this fund. If you require the dividends for previous time periods, please contact Northern Trust directly on 0333 300 0359 or by email JOH_Onshore_TAQueries@ntrs.com.
Funds paying semi-annual dividends
Distribution of income occur on or before: 31 August and 28 February
JOHCM UK Dynamic Fund (Onshore)
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A - distributing
GBP
31 Aug 2023
pence per share
4.7348
A - accumulating
GBP
31 Aug 2023
pence per share
7.2848
B - distributing
GBP
31 Aug 2023
pence per share
4.2666
B - accumulating
GBP
31 Aug 2023
pence per share
8.0119
Y - distributing
GBP
31 Aug 2023
pence per share
2.9766
Y - accumulating
GBP
31 Aug 2023
pence per share
4.2119
X - distributing
GBP
31 Aug 2023
pence per share
2.4775
X - accummulating
GBP
31 Aug 2023
pence per share
2.8519
M - distributing
GBP
31 Aug 2023
pence per share
0.6975
M - accumulating
GBP
31 Aug 2023
pence per share
0.6975
K - distributing
GBP
31 Aug 2023
pence per share
0.6130
K - accumulating
GBP
31 Aug 2023
pence per share
0.6128
JOHCM UK Dynamic Fund (Offshore)
Share class
Currency
Pay date
Dividend paid in
Dividend rate
Y
GBP
31 Aug 2023
pence per share
2.2517
Y
EUR
31 Aug 2023
pence per share
2.1310
Y
USD
31 Aug 2023
pence per chare
2.3831
JOHCM Global Select Shariah Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
USD
31 Aug 2023
pence per share
0.3187
Funds paying annual dividends
Distribution of income occur on or before 28 February
JOHCM Asia ex Japan Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
0.0000
A
EUR
28 Feb 2023
cents per share
0.0000
A
USD
28 Feb 2023
cents per share
0.0000
B
GBP
28 Feb 2023
pence per share
0.0000
B
EUR
28 Feb 2023
cents per share
0.0000
B
USD
28 Feb 2023
cents per share
0.0000
Z
GBP
28 Feb 2023
cents per share
1.2559
Z
USD
28 Feb 2023
cents per share
0.0088
JOHCM Asia ex Japan Small and Mid Cap Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
0.0000
A
EUR
28 Feb 2023
cents per share
0.0000
A
USD
28 Feb 2023
cents per share
0.0000
B
GBP
28 Feb 2023
pence per share
0.0000
B
EUR
28 Feb 2023
cents per share
0.0000
B
USD
28 Feb 2023
cents per share
0.0000
Z
GBP
28 Feb 2023
cents per share
0.0000
JOHCM Continental European Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
10.0915
A
EUR
28 Feb 2023
cents per share
7.9953
A - hedge
GBP
28 Feb 2023
pence per share
2.9851
B
GBP
28 Feb 2023
pence per share
7.7618
B
EUR
28 Feb 2023
cents per share
6.4068
B - hedge
USD
28 Feb 2023
cents per share
1.1526
Y
GBP
28 Feb 2023
pence per share
3.7378
Y - hedge
GBP
28 Feb 2023
pence per share
3.2781
Y
EUR
28 Feb 2023
cents per share
3.0566
JOHCM European Select Values Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
4.8151
A
EUR
28 Feb 2023
cents per share
2.6779
B
GBP
28 Feb 2023
pence per share
2.0318
B
EUR
28 Feb 2023
cents per share
0.8256
Y
EUR
28 Feb 2023
cents per share
0.8964
JOHCM Global Emerging Markets Opportunities Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
3.9725
A
EUR
28 Feb 2023
cents per share
3.7874
A
USD
28 Feb 2023
cents per share
2.7065
B
GBP
28 Feb 2023
pence per share
3.5330
B
EUR
28 Feb 2023
cents per share
3.4128
B
USD
28 Feb 2023
cents per share
3.0881
Y
GBP
28 Feb 2023
pence per share
4.9039
Y
USD
28 Feb 2023
cents per share
2.8124
Z
GBP
28 Feb 2023
cents per share
7.3245
JOHCM Global Opportunities Fund (onshore)
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
2.5742
A - hedged
GBP
28 Feb 2023
pence per share
2.3240
X
GBP
28 Feb 2023
cents per share
2.4772
JOHCM Global Opportunities Fund (offshore)
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
4.4298
A
EUR
28 Feb 2023
cents per share
4.1956
A
USD
28 Feb 2023
cents per share
3.3076
B
EUR
28 Feb 2023
cents per share
3.8301
B
USD
28 Feb 2023
cents per share
3.1239
A - hedged
EUR
28 Feb 2023
cents per share
1.6538
X
GBP
28 Feb 2023
cents per share
3.7875
Z
GBP
28 Feb 2023
cents per share
1.7774
X - hedged
GBP
28 Feb 2023
cents per share
2.1090
X
EUR
28 Feb 2023
cents per share
1.9147
JOHCM Global Select Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
2.5774
A
EUR
28 Feb 2023
cents per share
2.0747
A
USD
28 Feb 2023
cents per share
1.0629
B
GBP
28 Feb 2023
pence per share
0.0000
B
EUR
28 Feb 2023
cents per share
0.0000
B
USD
28 Feb 2023
cents per share
0.0000
Z
GBP
28 Feb 2023
pence per share
4.2279
JOHCM UK Growth Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A
GBP
28 Feb 2023
pence per share
4.6405
B
GBP
28 Feb 2023
pence per share
2.4239
X
GBP
28 Feb 2023
pence per share
2.5898
JOHCM UK Opportunities Fund
Share class
Currency
Pay date
Dividend paid in
Dividend rate
A - distributing
GBP
28 Feb 2023
pence per share
6.1160
A - accumulating
GBP
28 Feb 2023
pence per share
9.5564
B - distributing
GBP
28 Feb 2023
pence per share
5.7397
B - accumulating
GBP
28 Feb 2023
pence per share
8.8440
Y - accumulating
GBP
28 Feb 2023
pence per share
5.3515
Y - distributing
GBP
28 Feb 2023
pence per share
4.1220
Net dividends quoted in the local share class currency.
If you would like more information, please contact Northern Trust directly on 0333 300 0359 or by email JOH_Onshore_TAQueries@ntrs.com. Email us at oeicdealing@johcm.co.uk.
Views & News
13 May 2024
Keeping Energy Live
There are layers of change happening in the energy sector, making it a fascinating area of opportunity
The rising cost of capital is exposing companies over-dependent on ultra-low-cost capital. Careful stock selection might be a better response than running for any available cover
JOHCM Global Opportunities and JOHCM International Opportunities
26 Mar 2024 | 13 mins
The Big Spend – Investing in the Real World
22 Mar 2024 | 31 mins
A Route Through Recession
30 Jun 2023 | 30 mins
AI: Triumph or Terror?
07 Jun 2023 | 30 mins
Ben Leyland
Senior Fund Manager
Robert Lancastle
Senior Fund Manager
Jasmeet Munday
Analyst
This is a marketing communication.
Information on the rights of investors can be found here.
The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. Investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.
Other Global Equity Funds
JOHCM Global Select Fund
Fund managers Christopher Lees and Nudgem Richyal believe stock markets are inefficient and aim to exploit market anomalies via an investment process that combines both top-down and bottom-up research. Their distinct “4-Dimensional” investment process (stocks, sectors, countries, time/change) focuses on the behaviour of each shar...
Dit document is bedoeld om de lezer informatie te verschaffen over het J O Hambro Capital Management Global Opportunities Fund (“Fonds”) in relatie tot de Verordening betreffende informatieverschaffing over duurzaamheid in de financiëledienstensector (“SFDR”) waarnaar wordt verwezen in deze informatieverschaffing. JOHCM Funds (Ireland) Limited, de Fondsbeheerder, heeft het Fonds geclassificeerd als een fonds dat voldoet aan de bepalingen zoals uiteengezet in artikel 8 van de SFDR.
De informatie is wettelijk verplicht en is geen onderdeel van de marketingmaterialen van het Fonds. Het doel van de informatie is om de lezer inzicht te geven in de duurzaamheidsdoelstelling van dit Fonds. De lezer wordt aangeraden deze informatie te lezen in samenhang met het prospectus van het Fonds, dat hier kan worden geraadpleegd.
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14 years' industry experience, joined Regnan in June 2020.
Tim Crockford leads the Regnan Equity Impact Solutions team. He previously managed the Hermes Impact Opportunities Equity Fund from its launch in December 2017, having co-founded the Hermes Impact team in 2016. Tim joined Hermes Investment Management in 2009 as a research analyst for the European Equities team and became lead portfolio manager of the ESG-integrated Hermes Europe ex-UK Equity Fund in 2015, which he also managed until he left Hermes.
13 years’ industry experience, joined Regnan in May 2020.
Mohsin is a fund manager dedicated to the strategy. He was previously a senior analyst on the Hermes Impact Opportunities Equity Fund, having joined Hermes in 2017. Prior to Hermes, Mohsin was an investment manager in Global Equities at Pictet Asset Management. At Pictet his experience included working on thematic equity funds including Water, Clean Energy and Agriculture.
10 years’ industry experience, joined Regnan in May 2020.
Maxime is an investment analyst dedicated to the strategy. He has a decade of experience in sustainable investment. Previously, as an investment analyst at Hermes from 2016, he participated in the design, launch and management of the Hermes Impact Opportunities Equity Fund. Prior to this he led the integration of ESG and stewardship across investment strategies.
6 years’ industry experience, joined Regnan in April 2020.
Maxine is an investment analyst dedicated to the strategy. She was previously an analyst on the Hermes Impact Opportunities Equity Fund. Maxime transferred to the Hermes Impact team in 2016, having initially joined the Hermes EOS team in 2014. She headed up the chemicals sector team, while also focusing on the financial services, industrials and technology sectors.
