Ecclesiastical Amity Sterling Bond
- An ethically screened, fixed interest fundd
- Holds mainly UK assets, but has some international holdings
- Ecclesiastical will engage with companies in which it invests to try to protect its investors' interests, previous examples include supply chain issues, pharmaceutical companies' clinical trials, and ethically sourcing materials.
Fund summaryThe Amity Sterling Bond Fund seeks to invest in a highly diversified portfolio of Government and good quality fixed interest securities issued by companies which make a positive contribution to society and the environment through sustainable and socially responsible practices. The Fund seeks to avoid investment in certain areas such as companies which have a material involvement in alcohol, tobacco and weapon production, gambling and publication of violent or explicit materials.
ManagementFund Manager Start Date: 2008 (since launch)
Robin Hepworth - Co-Fund Manager
Robin is AA rated by Citywire. Rob joined Ecclesiastical as General Investment Analyst in 1988, and was appointed Fund Manager of the Pension Fund in 1990 and the Higher Income Fund in 1994. Rob has been included by Citywire in its 'Selection' list of Top Fund Managers and has been identified by Trustnet as one of it's Alpha managers based on his consistency of performance.
Chris Hiorns - Co-Fund Manager
Chris graduated in 1995, with an MSc in Economics from University College London. He joined Ecclesiastical in 1996 as a Research Assistant and took over the management of the Amity European Fund in 2007. He has been a CFA charterholder since 2004 and is Citywire A-rated.
Ethical screens and 'informal screens'This fund has 13 full or informal screens applied:
* These are 'informal screens'. This means that the Fund Manager is avoiding companies which engage in these activities, but that you are unlikely to find statements in the Fund Manager's literature which states as much. The activity in question is avoided either because this is an integral part of the investment process of the fund, or the Fund Manager has simply confirmed separately to Worldwise Investor that they will avoid companies involved in such activities.
To find out more about ethical screens, click here.
- Oppressive Regimes - Exclude companies operating in countries with oppressive regimes are considered on a case-by-case basis. The fund aims to distinguish between activities that benefit people and those that support the regime.
- High Carbon Fuels - Ecclesiastical recently took the view that they could not invest in companies which were involved in Tar Sands in Canada because it runs against the philosophy of the AMITY range of funds. The result was that it disinvested from Statoil and now holds no oil companies. So while High Carbon Fuels is not an explicit exclusion, it nevertheless is an exclusion.
Top Ten holdings
- Aviva plc2.89%
- Premier farnell2.61%
- Direct line2.54%
- Standard life2.43%
- Nationwide bs c/d2.35%
- London stock exchange2.32%
- Coventry bs2.31%
- Artesian finance2.29%
- Close brothers,2.17%
What are the risks?
Some of the information on this page and other related pages is provided to you for your information and is received from the Fund Management Company administering this fund. Worldwise Investor accepts no liability for the reliability or accuracy of the data provided by third parties. Read more about our data sources in our Terms & Conditions. Some performance differences between the fund and the benchmark may arise because the fund performance is calculated at a different valuation point from the benchmark.
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Asset class: Fixed interest
Launch date: 18 February 2008
The value of ethical and green investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks of investing. Our aim is to provide you with the best information we can to help you make decisions about ethical and green investments. It is not to advise you on the suitability of an investment to your personal circumstances. Nothing written on the site should be considered personal advice, nor do Holden & Partners accept liability for any inaccurate information on the site. If you are unsure about the suitability of an ethical and green investment please contact Holden & Partners or your financial adviser.