Instrument Profile
Short Description
Climate Change Index Funds are designed to enable investors to holistically integrate climate risk considerations in their investment process while increasing diversification through a simple, rules-based reweighting methodology.
What is the Investment Strategy?
The instrument seeks to replicate as closely as possible the performance of the MSCI Europe Climate Change index, whether the trend is rising or falling. The Index aims to reweight constituents of the MSCI Europe Index to increase its exposure to companies participating in opportunities associated with the transition to a lower carbon economy, and decrease its exposure to companies exposed to risks associated with this transition.
The index aims to incorporate additional business exclusion screens including Nuclear Weapons, Tobacco, Thermal Coal, Nuclear Power and UnconventionalOil & Gas. Additionally,
companies that are not in compliance with the United Nations Global Compact principles are also excluded from the index. Only companies rated B and above are eligible for inclusion in the index. The index is finally diversified by capping issuers in the index at 10%.
Type: Equity SICAV
Geography: Developed Europe
Sector: Diversified
Benchmark: MSCI EUROPE CLIMATE CHANGE
Ongoing Charges: 0.18% (estimated)
Initial Charge: 0.50%
Investment Style: Large-Cap Blend
Fund Size (AUM): EUR 47.87M
Data by the open sources of the instrument provider. Last update: 3.12.2020
MSCI Sustainability Score
n/a
Source: MSCI Inc.
Last update: Dec 6th, 2020
Morningstar Sustainability Score
3/5
Source: Morningstar, Inc.
Last update: Dec 6th, 2020
Performance of the underlying index*
2019: 26.05%
2018: -10.57%
2017: 10.24%
*MSCI (inception of the instrument in 2020, track-record less than 6 months)
Top 10 Holdings
Company
NESTLE SA-REG
ROCHE HLDG AG-GENUSS
NOVARTIS
SCHNEIDER ELECT SE
ASML HOLDING NV
ASTRAZENECA
LVMH MOET HENNESSY
NOVO NORDISK A/S
SAP SE
VESTAS WIND SYST.A/S
NESTLE SA-REG
ROCHE HLDG AG-GENUSS
NOVARTIS
SCHNEIDER ELECT SE
ASML HOLDING NV
ASTRAZENECA
LVMH MOET HENNESSY
NOVO NORDISK A/S
SAP SE
VESTAS WIND SYST.A/S
Top portfolio holdings as of 3.12.2020 | Source: instrument provider.