View more on these topics

Weaving a Wheb for sustainable investment

Wheb Asset Management, a specialist investor in sustainable investments that was formed last year, has introduced the IM Wheb sustainability fund.

This Oeic aims for growth by investing globally in companies that provide solutions to environmental problems, water shortage, waste management and an ageing population. It will look for companies that have the potential to be future market leaders and that are growing faster than the economy.

Wheb believes that now is a once in a generation chance to invest when valuations are low due. It says climate change is driving investment opportunities in areas such as clean energy, energy efficiency and clean transport. Legislation to reduce greenhouse gases, concerns over security and supply of energy plus the need to reduce energy costs may lead to opportunities in wind generation, solar power, low energy lighting and air pollution control.

Factors driving the water theme include population growth, droughts and flooding caused by climate change and an ageing infrastructure. These may lead to opportunities in infrastructure upgrades, water treatment, testing, filtration and sewerage. Finally, an ageing population , higher levels of obesity and greater awareness of health and fitness may lead to opportunities in healthcare products and services through the demographic theme.

Fund managers Clare Brook and Nicola Donelly will use a quantitative screen to identify stocks that have attractive growth rates, strong balance sheets and attractive valuations.

Brook has 19 years experience managing sustainable and environmental funds. at Jupiter, NPI, Henderson and Morley. Donelly has eight years investment experience and joined Wheb from UBS.

The quality of management teams, the strengths and weaknesses of companies and balance sheet strength will be considered by Brook and Donelly. They will look at how a company fits with the rest of the portfolio in terms of its theme, region and investment style. Holdings will be reviewed on a monthly basis by an investment committee, which monitors performance, risk and turnover. Members of the committee include fund manager Crispin Odey and former editor of The Economist and Deputy Governor of the Bank of England Rupert Pennant-Rea.

Wheb’s specialist knowledge of sustainability investments may provide a competitive edge but a new fund from a new company may not appeal to some advisers. However, Brooks and Donelly’s experience in this field with previous employers and the credentials of Wheb’s investment committee members may win advisers over while a track record is established for this fund.

Recommended

SFO restrains $100m in Stanford case

The Serious Fraud Office has obtained a restraining order on $100m (£60.2m) of assets believed to be held in London financial institutions in relation to the criminal investigation of Allen Stanford.

Gilt complex

Gilts are something people run to in times of trouble, so it comes as no surprise this sector has been popular in the past year, although not so much of late. In January the sector was the fourth most popular in terms of retail inflows, according to statistics from the IMA.

RDR at a glance

  • Sector to be split between independent advice, restricted advice and non-advised sales. Restricted advice will include single- and multi-tied advisers who will have to reach QCF level four along with independent advisers.
  • Newsletter

    News and expert analysis straight to your inbox

    Sign up

    Comments

      Leave a comment

      Close

      Why register with Money Marketing ?

      Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

      News & analysis delivered directly to your inbox
      Register today to receive our range of news alerts including daily and weekly briefings

      Money Marketing Events
      Be the first to hear about our industry leading conferences, awards, roundtables and more.

      Research and insight
      Take part in and see the results of Money Marketing's flagship investigations into industry trends.

      Have your say
      Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

      Register now

      Having problems?

      Contact us on +44 (0)20 7292 3712

      Lines are open Monday to Friday 9:00am -5.00pm

      Email: customerservices@moneymarketing.com