The Candriam Sustainable Global Equity Fund has received a ‘Highly Recommended’ rating from Lonsec Research.
In making its assessment, Lonsec cited the depth of the Fund’s ESG analysis that forms part of the stock selection process. This is an example of what Lonsec regards as a distinctive product within the universe of investment managers that focuses on responsible investment.
Mark Knight, Head of Distribution at Ausbil, said that the rating reflected the size and strength of the Candriam ESG research team.
Lonsec has noted that Candriam has one of the largest ESG research teams relative to their peers. “This commitment of resources is reflected in the high quality of the ESG analysis they offer,” Knight said.
Only stocks that achieve a greater than 50% score on each of Candriam’s ESG assessment criteria are eligible for portfolio inclusion. Final stock selection decisions are made on the basis of a proprietary quantitative model, which also determines a position size for each stock.
Mr Knight said that Candriam has achieved success in producing ESG portfolios that perform competitively against the benchmark.
“A disciplined and systematic investment process contributes to the quality of the Fund’s value proposition for sustainability-focused investors,” he said.
He also said that the Fund continues to attract strong interest from Australian investors.
The underlying manager of the Fund is Candriam Investors Group, a boutique investment subsidiary of New York Life Investment Management.
Ausbil Investment Management Limited is the Responsible Entity and has offered the Candriam Sustainable Global Equity Fund in Australia since 2002.
Lonsec Research published its rating on 24 August 2018.
For all media enquiries please contact:
Ph: 02 8248 3744