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The investment process for the IM WHEB Sustainability Fund consists of the following stages: |
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- Creation of stock universe: companies where main business driver is from identified themes – water, demographics and climate change
- Quant filter: identify those stocks which have attractive growth rates, strong balance sheets, compelling valuations and are being upgraded by analysts. Enables the fund managers to remain dispassionate in their investment decisions and focus on the numbers
- Fundamental analysis: focus on quality of management, strengths/weaknesses of
business based on knowledge of sector drivers and legislation, testing assumptions
(for revenues, EBITDA and earnings) and balance sheet strength
- Portfolio balancing: consideration of thematic, geographic and style exposures. Fund managers monitor market exposure of fund through cash allocation and the occasional use of derivatives
- Investment Committee: Meets monthly to review portfolio holdings to ensure integrity of criteria and to monitor performance, risk and turnover in the fund
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