- 3 min
Alliance Trust Investments completes transfer of Sustainable Future Pan-European Equity Fund to CACEIS’s UCITS platform solution
The final stage in the process of transitioning the Sustainable Future investment team and fund range from Aviva Investors to Alliance Trust Investments is now complete. With effect from 26th July 2013, the Sustainable Future Pan-European Equity Fund has moved from the Aviva Investors SICAV and has merged with Luxcellence to become the Luxcellence - Alliance Trust Sustainable Future Pan-European Equity Fund, a sub-fund of the Luxcellence SICAV, the CACEIS Group UCITS platform solution.
The successful Sustainable Future fund team, headed by Peter Michaelis, has continued to deliver strong performance throughout this process with no changes to the investment process or philosophy: to deliver strong returns by investing in sustainable companies. The team has been managing the Sustainable Future Pan-European Equity Fund for 12 years, and will continue to do so following this transition. The team will also continue to work with the independent SRI Advisory Committee – a group of experts who provide additional oversight and advice on the funds.
Alliance Trust Investments is now one of the largest managers in the Sustainable and Responsible Investments (SRI) market with a portfolio of one SICAV and seven OEICs totalling £1.37bn (€1.58bn)*. The Fund has an exceptionally strong track record: over a three year period the Fund has outperformed its benchmark by 5.85%, with cumulative performance of 43.82%**.
Ed Troughton, Managing Director of Alliance Trust Investments, said: “Investors in our Sustainable Future Pan-European Equity Fund can be assured that there has been no change to fund managers or how they manage their funds. Alliance Trust Investments has carved out a reputation as one of the leading specialist investment houses thanks to the experience and quality of its fund managers and research team. The addition of Peter Michaelis and his highly respected team complements this offering perfectly, and demonstrates our underlying commitment to providing quality funds demanded by investors in today’s economic climate. Furthermore, the decision to select CACEIS’s UCITS fund platform was made following a rigorous RFP process, which is designed to ensure our Funds are serviced only by the most reputable of service providers.”
Joe Saliba, Deputy CEO of CACEIS, said: “We are delighted to have been selected by Alliance Trust Investments for the Sustainable Future Pan-European Equity Fund. Our UCITS platform solution, Luxcellence SICAV, has provided Alliance Trust Investments with a timely and cost-effective turnkey UCITS solution. SRI Funds are an area of expertise and of further strategic development of the CACEIS Group. We look forward to supporting the development of the Sustainable Future Pan-European Equity Fund.”
* As at 30/06/2013. Source: ATI, Bloomberg FX converter
**As at 31/05/2013; Source: Aviva Investors/Lipper, Mid to mid, gross income re-invested, net of fees, share Class I, EUR; Benchmark: MSCI Europe TR
Past performance is not a guide to future performance. The value of investments and any income from them can go down as well as up. Capital is at risk and investors may get back less than originally invested.
Funds which undertake ethical screening to meet their investment aims are unable to invest in certain sectors and companies. Our exclusion of some areas of the market (on ESG grounds) may result in periods of under-performance with respect to relevant benchmarks. For instance if tobacco stocks were enjoying extremely strong returns we would not be able to participate in their gains.
CACEIS is the asset servicing banking group dedicated to institutional and corporate clients. Through offices across Europe, North America and Asia, CACEIS offers a broad range of services covering depositary and custody, fund administration, middle office outsourcing, derivatives clearing, forex, securities lending, fund distribution support and issuer services. With assets under custody of €2.5 trillion and assets under administration of €1.3 trillion, CACEIS is one of the world market leaders in asset servicing and the largest depositary bank and the premier fund administrator in Europe (figures to 31 December 2012).
About Alliance Trust Investments
Alliance Trust Investments was launched as Alliance Trust Asset Management in January 2009; we provide a range of products and services that bring our high conviction management style to global investing. Our investments focus on global equities, SRI and Fixed Income with an emphasis on specialist investment solutions.
We have the unique ability to combine the best aspects of a small firm - client focus, flexibility and bespoke service, with the attributes of a large company – professionalism, solid capital backing and strong investment and risk processes.
Alliance Trust Investments Limited is a subsidiary of Alliance Trust PLC and is registered in Scotland No. SC330862, registered office, 8 West Marketgait, Dundee DD1 1QN; is authorised and regulated by the Financial Conduct Authority, firm reference number 479764. Alliance Trust Investments gives no financial or investment advice.