Jupiter ecology fund manager Charlie Thomas has reshaped the fund since he took over three years ago to reduce its reliance on its top 10 holdings.In September 2003, the top 10 holdings made up half of the fund but Thomas has slashed this proportion to 28 per cent. He has also reduced the 92-stock fund’s focus on smallcap stocks, steering it from 68 per cent to 45 per cent over the three years. The remainder of the fund is split 37 per cent in mid caps, 16 in large caps and the balance in cash. The geographic split breaks down as 48 per cent UK, 19 per cent each in Europe and North America, with the balance invested in Asia and emerging markets. Thomas is upbeat about the outlook for green stocks and says the fund has benefited from 12 takeovers in the year so far compared with 10 for the whole of last year. He says the universe of companies that pass Jupiter’s socially responsible investment screening process is growing fast as green issues move up the agenda with the US in particular a huge growth area. The team screens stocks on six green investment themes – clean energy, sustainable living, green transport, waste management, environmental services and water management. The fund works with environmental group Winslow in the US to gain access to small green companies. Thomas says: “London is the centre of SRI intelligence and we are the only green fund around. We have access to overseas management right now and there are between 2,000 and 3,000 orphan green stocks in the US with no coverage on them so it is a very fruitful area for us.”
What are the tax implications when beneficiaries agree to pay premiums under a trust held for their benefit?
In-Partnership has set up a mortgage arm. INnovate Mortgages promises members higher proc fees and improved service levels.
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By Felix Wintle, Investment Director & Head of US Equities The most recent communication from Federal Reserve chair Janet Yellen has put the market’s sights on September as the most likely month for the first rate rise. This is due to the stronger than expected economic data of late, particularly in employment and housing, which […]
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