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News Announcement

WHEB funds achieve Ethical Consumer’s highest rating in ‘Fossil Free Investment Funds Report.’

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WHEB Asset Management is delighted that both the FP WHEB Sustainability Fund (OEIC) and the WHEB Sustainable Impact Fund (ICAV) have been awarded 5 out of 5 by Ethical Consumer in their report published at the end of November.

In this report Ethical Consumer looked at more than 100 of the largest ‘sustainable’ funds and trusts in the UK “to cut through the greenwash and open up the discourse around the practicalities of fossil-fuel divestment”. The WHEB funds were the only funds to receive the highest rating.

Their key findings included:

  • 64% of the funds/trusts reviewed scored 2.5 points or less (out of a total of 5 points).
  • 38% of the funds/trusts reviewed scored 1.5 points or less.
  • Only six funds/trusts scored 4.5 or more.
  • 7% of funds/trusts scored zero points.
  • 22% of funds/trusts invested in companies in the Carbon Underground 200™ or were not disclosing sufficient information for investors to know.
  • 19% of funds/trusts invested in companies on the Macroclimate®30 + top ten oil services and infrastructure list or were not disclosing sufficient information for investors to know.
  • 14% of funds/trusts did not disclose their holdings.

 

Seb Beloe, Partner and Head of Research at WHEB Asset Management, said “We are delighted to receive the highest rating from Ethical Consumer. Rampant greenwashing and the need to help investors make informed decisions is especially topical at the moment with the FCA consulting on their proposed sustainable labels. At WHEB, we have never held fossil fuels in any of our funds, but in addition to this we recognise the importance of transparency. All our holdings are published on our website, as are the minutes from our Investment Advisory Committee meetings where investment decisions are discussed with independent experts every four months. We believe this helps investors select the funds that align with their values.”

For a copy of the full report, visit the Ethical Consumer website

 For WHEB’s Advisory Committee minutes visit our website

More information on impact investing at WHEB

About WHEB Asset Management

WHEB is a positive impact investor focused on the opportunities created by the transition to a zero carbon and sustainable global economy.

We are well known and respected for our experience, expertise and innovation in sustainable and impact investing. We focus on a single equity impact strategy, which has been developed over the long-term and tested across market cycles.

All products and services have an impact. Some products have a negative impact, harming or undermining the social and environmental systems on which life depends. For others, impact is positive, helping to support or even restore the health of our systems.

We believe that understanding impact is becoming a ‘third dimension’ of investment expertise, alongside established disciplines in assessing investment risk and return. Our team of sustainability experts have developed bespoke tools that are used to analyse companies as part of our investment process.

For more information please contact:

Susie Winstanley, Marketing Manager, WHEB: susie.winstanley@whebgroup.com

Sarah Briscoe, Business Development Manager, UK, WHEB: sarah.briscoe@whebgroup.com

Fanny Ruighaver, Business Development Director, Europe, FundRock for WHEB: fanny.ruighaver@fundrock.com

 

Important Notices

Risks include: the price of shares (“Shares”) in FP WHEB Sustainability Impact Fund, WHEB Sustainable Impact Fund or WHEB Environmental Impact Fund may increase or decrease and you may not get back the amount originally invested, for reasons including adverse market and foreign exchange rate movements. Past performance does not predict future returns. The Fund invests in equities and is exposed to price fluctuations in the equity markets, and focuses on investments in mid-sized companies in certain sectors so its performance may not correlate closely with the MSCI World Index (the benchmark). For full risks, please see fund prospectus on www.whebgroup.com

General

This information, its contents and any related communication (altogether, the “Information”) is issued by WHEB Asset Management LLP (“WHEB Asset Management”). It is intended for information purposes only and does not constitute or form part of any offer or invitation to buy or sell any security including any shares in the FP WHEB Sustainability Impact Fund or WHEB Sustainable Impact Fund, including in the United States. It should not be relied upon to make an investment decision in relation to Shares in the FP WHEB Sustainability Impact Fund or WHEB Sustainable Impact Fund or otherwise; any such investment decision should be made only on the basis of the Fund scheme documents and appropriate professional advice. This Information does not constitute advice of any kind, investment research or a research recommendation, is in summary form and is subject to change without notice. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming shares. WHEB Asset Management has exercised reasonable care in preparing this Information including using reliable sources, however, makes no representation or warranty relating to its accuracy, reliability or completeness or whether any future event may or may not occur. This Information is only made available to recipients who may lawfully receive it in accordance with applicable laws, regulations and rules and binding guidance of regulators. WHEB Asset Management LLP is registered in England and Wales with number OC 341489 and has its registered office at 7 Cavendish Square, London, W1G 0PE. WHEB Asset Management LLP is authorised and regulated by the Financial Conduct Authority with Firm Reference Number 496413.

FP WHEB Sustainability Impact Fund

FundRock Partners Limited (formerly Fund Partners Limited) is the Authorised Corporate Director of the Fund and is authorised and regulated by the Financial Conduct Authority with Firm Reference Number 469278 and has its registered office at 6th Floor Bastion House, 140 London Wall, London, EC2Y 5DN. The state of the origin of the Fund is England and Wales. The Representative in Switzerland is ACOLIN Fund Services AG, Leutschenbachstrasse 50, CH-8050 Zurich, whilst the Paying Agent is NPB Neue Privat Bank AG, Limmatquai 1/am Bellevue, P.O. Box, 8024 Zurich . The relevant documents such as the prospectus, the key investor information document (KIIDs), the Articles of Association as well as the annual and semi-annual reports may be obtained free of charge from the Representative in Switzerland.

WHEB Sustainable Impact Fund

The Manager of the Fund is FundRock Management Company S.A., authorised and regulated by the Luxembourg regulator to act as UCITS management company and has its registered office at 33, rue de Gasperich, L-5826 Hesperange, Grand-Duchy of Luxembourg. The Representative in Switzerland is ACOLIN Fund Services AG, Leutschenbachstrasse 50, CH-8050 Zurich, whilst the Paying Agent is NPB Neue Privat Bank AG, Limmatquai 1/am Bellevue, P.O. Box, 8024 Zurich. The relevant documents such as the prospectus, the key investor information document (KIIDs), the Articles of Association as well as the annual and semi-annual reports may be obtained free of charge from the representative in Switzerland. The state of the origin of the Fund is Ireland. The Fund is registered for distribution to professional investors in Austria, France, Germany, Italy, Luxembourg, Norway, Singapore, Sweden and the United Kingdom, and is registered for offering to retail investors in Switzerland, Denmark and the Netherlands. The Fund is also available for professional investors in Belgium and Hong Kong. It is not available to investors domiciled in the United States.

WHEB Environmental Impact Fund

The Manager of the Fund is FundRock Management Company S.A., authorised and regulated by the Luxembourg regulator to act as UCITS management company and has its registered office at 33, rue de Gasperich, L-5826 Hesperange, Grand-Duchy of Luxembourg. The Fund is registered for distribution to professional investors in the United Kingdom. It is not available to investors domiciled in the United States.

The MSCI information may only be used for your internal use, may not be reproduced or re-dissseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages (www.msci.com).

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