The fund looks to hold a portfolio of global stocks from a universe that is constrained not just by taking out companies with a negative social impact (e.g. armaments, tobacco, human right abuses) but also utilising positive integration to allocate to companies impacting society and the environment positively (e.g. social housing, renewable energy, healthcare). Stocks will be selected based on their relative valuation and ability to generate cash. We like the fund as it has a solid SRI oriented process implemented by a well experienced team. It also has performed well versus peers, including those who don’t employ neither ethical nor sustainable processes.