The investment manager seeks to decrease the fund’s exposure to climate risk and benefit from the opportunities associated with the transition to a net-zero emissions economy through investing in companies which are actively managing their carbon exposure and setting meaningful targets. The fund also implements exclusions, including tobacco production, controversial weapons, thermal coal and companies which are deemed to be in breach of the UN Global Compact.
The Fund invests principally in equities and equity-related derivatives of companies that are listed, headquartered or operate primarily in the USA.
Portfolio manager Adrian Brass said:’ “ESG considerations are becoming increasingly prominent company drivers to fundamentals, and we therefore consider these within our holistic research process. We believe ESG issues can be an important positive or negative factor in the future share price of a company, and, when deemed material, these factors may be a key factor in our long or short investment thesis. We believe that Article 8 designation for the fund reflects the ESG materiality assessment and engagement that already underpins our research process, and we felt it important to commit to formalising these factors as binding elements of the fund”.
The changes to the Prospectus will become effective on the 30th June 2023.
Further information is contained in a methodology statement available on the Artemis website at www.artemisfunds.com/methodology-statement.