Bank J. Safra Sarasin has announced the change in name of the flagship fund JSS OekoSar Equity – Global which became JSS Sustainable Equity – Global Thematic as of 31 October 2019. First launched in 2005, it is now the latest fund to use the naming convention of J. Safra Sarasin’s sustainability fund range. The name change takes into account the fund’s international clientele and better describes the fund’s investment strategy covering all ESG (environmental, social, governance) factors in equal measure.
Since Giles Money assumed management responsibility for the portfolio (effective 1 December 2016), JSS Sustainable Equity – Global Thematic has recorded an excess return of 10.7% after cost (1) against its reference index, the MSCI World (2). Over the first 9 months of 2019, it has generated a performance net of fees of 28.6%, 5.3% ahead of the reference index placing it in the top quartile of its competitors (3).
Oliver Cartade, Head of Trading, Treasury & Asset Management Division, said:
"The JSS Sustainable Equity – Global Thematic is an expression of our long history of sustainable investment expertise combined with our successful multi-thematic investment philosophy. The change in name reflects the fund’s scope. We are pleased to see the increased interest by clients in the ESG investment strategy, as evidenced by the recent increase of assets under management."
Giles Money, portfolio manager of JSS Sustainable Equity – Global Thematic, commented:
"Investing in companies that benefit from transformative trends with engaged ownership creates sustainable returns for investors."
The name change has no impact on the investment policy of JSS Sustainable Equity – Global Thematic, and fund manager Giles Money continues to be responsible for the performance success of the flagship product.
JSS Sustainable Equity – Global Thematic remains successful in the top quartile of its peer group for the past three years. The investment strategy with a long-term track record is a distinct combination of Sustainable and Thematic investment philosophies. It combines the sustainability expertise of Bank J. Safra Sarasin, a pioneer in the field with 30 years of experience, with the leading Thematic Expertise of Sarasin & Partners. Assets under management (AuM) of the fund investment strategy is EUR 396mn, as of 30 September 2019.
(1) All performance figures quoted refer to the P share class and are net of fees.
(2) Although MSCI shall obtain information for inclusion in the service from sources that MSCI considers reliable, the service is provided to licensee as is and neither MSCI, any of its affiliates, any of its or their direct or indirect information providers nor any third party involved in, or related to, compiling, computing or creating the service (collectively, the MSCI parties) makes any representation or warranty of any kind to licensee or any third party, either express or implied, with respect to the service, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Further, the MSCI parties expressly disclaim, and licensee waives, any and all implied warranties, including, without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose. Note also that the reference index is used only for reasons of illustration.
(3) Source: eVestment; Peer group: Global All Cap Core Equity universe as of 30 September 2019 (EUR gross performance). Note that this analysis by eVestment is gross of fees.