Ecclesiastical Amity UK
- This is an ethically screened, UK equity fund.
- Ecclesiastical allow the fund manager to take positions wide of the fund's benchmark (IMA UK All Companies) to maintain investor value, for example the fund manager is not afraid to have high cash positions, or invest in European stocks for a portion of the portfolio. At the time of writing this fund holds 120 stocks, with around 80% in UK equities.
- The fund manager takes a long term approach, the average holding period of an equity holding is 12 years, which is very long compared to other UK equity funds.
- 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 UK Fund seeks to invest in a portfolio of 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: 1988 (since launch)
Sue Round - Director of Group Investments and Fund ManagerSue joined the Ecclesiastical Insurance Group in 1984 as an investment analyst. She has been Fund Manager of the Amity UK Fund since its launch in 1988. Before joining Ecclesiastical, Sue spent five years at Philip Hill, the Investment Trust specialist management house.
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
- Dunelm group plc2.64%
- Dechra pharmaceuticals2.63%
- Vodafone group2.49%
- Oxford instruments1.97%
- Centrica plc1.95%
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: Equity
Launch date: 1 March 1988
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.