Quick Stats

Mid Price GBX 168.90 Day Change GBX +3.10 (1.87%)
Price Date 3 Apr 2020 Crown Rating 2
Shares Class Inc. Yield 0.00 %
Last Ex-Dividend Date 03 June 2019 Dividend Frequency Annually
Sector Global Fund Size 164,602,399.72
Launch Date 01/01/1994 Standard Initial Charge 0.00%
Ongoing cost 0.00% Annual Management Charge 0.00%
ISIN GB0001370492 Sedol 0137049

Fund Objective

The Fund invests via the HBOS Ethical OEIC Fund. The HBOS Ethical OEIC Fund aim is: To achieve capital growth by investing in companies whose activities are considered ethical, both in terms of their primary activities as well as in the means of achieving them. At least 80% of the Fund will invest in global shares, including emerging markets. The Investment Adviser will select companies on the basis of a broad range of ethical and socially responsible criteria. These criteria include the environment, employee relations, product quality and business practices. The Fund is actively managed by the Investment Adviser who selects investments with the aim of outperforming the Index by 2% per annum on a rolling 3 year basis, before deduction of fees. The Investment Adviser is limited in the extent to which positions can vary to those of the Index. The limits help to provide a balance between the spread of assets within the Fund and risk management. They also provide a balance between the amount the Fund can vary from the Index and provides the Investment Adviser with flexibility to seek to outperform the Index. As a result, the Fund’s performance may differ substantially from the Index.

Fund Managers

Geir Lode
Geir Lode joined Hermes in May 2007 to establish the Global Equities strategy. Prior to this he was Chairman of Bergen Yards in Bergen, Norway, where he was responsible for restructuring and focusing a holding company. Bergen Yards changed name to Bergen Group and was listed on the Oslo stock exchange in June 2007. Geir started his career in 1991 at Frank Russell, moving to Chancellor LGT and then Putnam Investments, where he was a senior vice president before returning to Norway in 2003. Geir studied Mechanical Engineering at the Norwegian Institute of Technology and obtained a Master of Business Administration at the Pacific Lutheran University, Washington. Geir has been on the board of 17 companies in four different countries.
Lewis Grant
Lewis joined Hermes in February 2008 as a portfolio manager on the Global Equities team. In addition to his role as portfolio manager, Lewis is responsible for designing and implementing many of the team's systems. In particular he created Hermes' proprietary risk-modelling system, MultiFRAME, which is used across Hermes’ investment teams. He joined from Aon Consulting, where he worked as an actuarial consultant specialising in providing valuations and asset-liability modelling to a range of corporate and institutional clients. Lewis graduated from the University of Warwick in 2003 with a Master's degree in Mathematics, Operational Research, Statistics and Economics and subsequently qualified as a Fellow of the Institute of Actuaries.
Louise Dudley
Louise joined Hermes in March 2009 and leads the ESG and responsible investment research strategy within Global Equities for Hermes. Building on her experience developing factor testing platforms and enhancing the factor modelling capabilities of the team’s systems, Louise has applied this comprehensive analysis to ESG applications. Having delivered research supporting the returns from ESG integration, this has led to the creation of innovative customised product solutions and tools fulfilling client needs. Louise originally joined Hermes as a member of the stewardship advisory business, Hermes EOS. Prior to Hermes she worked for Coca Cola in a financial accounting role, having graduated with a Master’s degree in Engineering from the University of Durham. Louise holds the IMC and is a CFA charterholder. In 2017, she was named one of Financial News' Rising Stars of Asset Management.