Ninety One Global Environment

A thematic equity fund investing in companies engaged in activities that are helping to drive the unprecedented shift in energy systems and transport that will result in a decarbonisation.

The managers have worked with numerous industry leading carbon data providers to develop a metric they term “carbon avoided” which forms the cornerstone of the strategy’s investment philosophy. This metric is calculated by netting off the positive impact delivered through a company’s products or services with operational and supply chain-related carbon emissions. In seeking companies exposed to such a theme, the portfolio itself is exposed to a number of secular trends such as renewable energies, electrification and resource efficiency.

Manager Profile

Deirdre is Co-Head of Thematic Equity within the Multi-Asset team at Ninety One. She is co-portfolio manager for the Global Environment Strategy. Prior to joining the team in 2018, Deirdre was a Partner, Portfolio Manager and Head of Research at Ecofin. Before joining Ecofin, Deirdre was an investment banker at Morgan Stanley where she headed their European Renewable Energy coverage effort and built an investment banking and principal investing franchise. She has long had a passion for sustainable investing and has worked on a voluntary basis in the microfinance sector both in the US and in Pakistan. She is a member of the advisory board of Girls Who Invest, a non-profit organisation whose mission is to increase the percentage of the world’s investable capital run by women. She is also a member of the advisory board of the Shell Foundation’s Energy Company of the Future project, as well as the advisory board for Imperial College’s Centre for Climate Finance and Investment. Deirdre earned her MBA from Harvard Business School, where she was a Baker Scholar, and her BA from University College Dublin.

Graeme is a portfolio manager in the Thematic Equity team within Multi-Asset. Graeme is co-portfolio manager for the Global Environment and Global Energy strategies . He joined the team in 2010. During this time he has been instrumental in driving the team’s work on the Energy Transition and co-authored the 2016 paper on the subject; “Our energy future: creating a sustainable global energy system”. This work has provided the base for the team’s investment process and philosophy around the process of Sustainable Decarbonisation. Prior to joining the firm, Graeme worked as an investment analyst at Hargreaves Lansdown Asset Management where he focused on Alternatives and Global Equities. Graeme received a BSc in Economics from the University of Bristol and is a CFA Charterholder, a member of the CFA Society of the UK, and holds the Investment Management Certificate (IMC).

Fund performance

Ninety One

Ninety One (formerly Investec Asset Management) was founded in 1991 and began as a small, start-up asset manager offering domestic strategies in a South Africa. Over two decades later and Ninety One is an international business managing approximately £121 billion (as of December 2019, for clients based all over the world. Their focus is on global and emerging market investing across asset classes, with offerings in global markets, emerging & frontier markets, spanning equity, fixed income, multi-asset and alternative asset classes. Ninety One provides investment products and services to institutions, advisory clients and individuals. Clients include pension funds, central banks, sovereign wealth funds, insurers, foundations, financial advisers and individual investors.