| ISIN | DE000A0M80G4 |
| Launch date |
01/10/2009 |
| Available in |
AT, DE |
| Fund type |
Equity Fund |
| Kind of fund |
Sustainability and ethical funds / Sustainability-/ Ethical fund |
| Aim of investment |
The investment objective is to achieve a long-term capital growth in addition to marketable yields. |
| Investment strategy |
The Fund has to invest at least 51 percent in shares, who's issuer and/or use of assets meet sustainability criteria and account for the sustainability criteria. |
| Investment process |
The fund invests worldwide in equities of companies that must meet a clearly defined list of requirements. Companies go through a multi-step selection process. In the center of the process, is the environmental and social analysis and the analysis in regard to ethical and responsible corporate governance. First, strict exclusion criteria are the most important hurdle for companies. Through this step companies are excluded on principle, who allow child labor, are violating human rights, produce a significant amount of alcohol, tobacco or weapons and offer gaming activities. In a second step, a sustainability research is carried out by Union Investment, as well as a best-in-class analysis to identify those securities who are the best in implementing the concept of sustainability their field. From the remaining investment universe, the fund manager selects individual securities based on the returns.
The negative criteria: spirits/alcohol (production), gambling, green gene technology, red genetic engineering, pornography, tobacco (production), be considered when more than 5% of total sales. Also coal be considered when more than 30% of total sales or power generation. |
| Positive criteria |
Construction of renewable energy systems, specific system components and operation of such facilities; manufacture of products and systems to increase energy and resource efficiency, recycling; construction of facilities and specific components for the extraction and purification of drinking water and operation of such installations; Eco-efficient buildings; Clean drinking water; Green technologies that contribute at least 40 percent of the company turnover within the industry |
| Negative criteria for stocks and corporate bonds |
Governance:
- violations of the UN Global Compact
Ethical and Social:
- alcohol
- banned weapons
- gambling
- child labour
- weapons of mass destruction (ABC/CBRN)
- pornography
- genetic engineering (medicine)
- tobacco
- animal experimentation (avoidable)
- violations of human rights
- violations of the ILO protocol
- weapons/armaments
- forced labour
Environment:
- fracking
- coal
- oil from oilsands
Other:
- nuclear energy
- corruption
- environmentally harmful conduct
|
| Negative criteria for government bonds |
n.s. |
| Research done by |
InHouse |
This fund profile is aligned with the fund company.
*no exclusion but part of the analysis