Download Ethical Equity Fund

Ethical Equity Fund
AT A GLANCE
Aim
To generate long-term capital growth by investing on an ethical basis
Style
Actively managed
Asset Mix
Equities
Managed by
State Street Global Advisors Ireland Limited (SSgA)
Risk
High Risk
FUND DESCRIPTION
The Ethical Equity Fund aims to generate long term
capital growth through investing in a portfolio of
equities. All equities held by the fund comply with strict
ethical criteria as set down by SSgA’s Ethical Investment
Review Committee.
Fund Manager
The fund is managed by State Street Global Advisors Ireland,
part of State Street Corporation. State Street Corporation has
an A1/A+ long term credit rating from Moody’s and S&P (as at
March 2012).
State Street Corporation is a global leader in asset
management with €1.44 trilion1 assets under management.
his asset under management includes the assets of the SPDR Gold Trust
T
(approx. €49 billion as of 31 December 2011), for which State Street Global
Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing
agent. The currency exchange rate of USD/EUR is as of 31 December 2011.
Source: SSgA, March 2012
SSgA’s Ethical Investment Review Committee
Within State Street Global Advisors Ireland, a dedicated
Ethical Investment Review Committee exists that sets
out the criteria for investments for ethical investors. This
committee is the voice of ethical investors and is responsible
for ensuring that investors’ views are taken on board when
equity investment decisions are made.
In its work, the Committee and fund manager are supported
by EIRIS software. EIRIS is the leading European provider of
independent research in to social, environment and ethical
performance of companies. This software vets stocks
bought and acts as an independent audit of stocks held
within the fund, ensuring it is meeting criteria set.
1
Diversification
Investments are spread across different geoghaphic regions
and different sectors. The percentage of the fund invested in
individual equities is driven by the asset manager’s outlook for
individual stocks and the global economy.
The Ethical Investment Review Committee:
• Oversees the monitoring of new and existing stocks to
ensure adherence to State Street Global Advisors Ireland’s
ethical criteria
• Holds yearly meetings to review existing ethical guidelines
and criteria
• Provides feedback and views on ethical issues as they
change
Warning: The value of your investment can go down as well as up.
Warning: This fund may be affected by changes in currency exchange rates.
Warning: If you invest in this fund you may lose some or all of the money you invest.
The areas (as at December 2011) excluded for investment by
the Ethical Investment Review Committee are:
–The Defence Industry
–Human Rights
–Contraceptives and Abortifacients
–Stem Cell Research (using Embryonic and Foetal tissue)
–Environment
–Tobacco
–Gambling
–Pornography
–Animal testing for cosmetics
Specific guidelines exist for each of these areas e.g. Defence
industry - companies that derive more than 3% of turnover from
strategic military sales; companies whose products or services
constitute whole nuclear weapon systems are excluded.
Minimum Recommended Investment Period
Investing should always be considered over the medium
to long-term (typically, 5-7 years or more) so as to give the
underlying assets time to grow in value. However, even longterm investing involves risk as values will fluctuate over time.
Product Availability
The Ethical Equity Fund is available through the following
products:
• SmartFunds
• Target Saver
• Personal Pensions
• Executive Pensions
• Personal Retirement Bond
• Approved Retirement Fund (ARF)
• Approved Minimum Retirement Fund (AMRF)
• PRSA (non-standard)
Charges
Standard product charges and allocation rates for these
products apply.
Up to date Information
Price, performance and other fund information is available
on Fund Centre at www.bankofireland.com/fund-centre.
Factsheets are updated regularly for price and performance
information.
Risk Rating – High Risk
Bank of Ireland Life has rated the Ethical Equity Fund as a high
risk investment fund. The potential return from high risk
investments is much higher than deposits and inflation.
High risk funds focus on maximising the potential return to
investors, rather than minimising risks. Some high risk funds
may consist almost entirely of one asset class based for
example in one geographic region or in one sector. Investors’
capital is not secure and may fluctuate significantly and
investors may get back less than they originally invested.
Warning: The value of your investment can go down as well as up.
Warning: This fund may be affected by changes in currency exchange rates.
Warning: If you invest in this fund you may lose some or all of the money you invest.
For more information, talk to the Insurance & Investments Manager
in your Bank of Ireland branch
or
†
call 1890 309 309† today
To improve our service to you, calls may be recorded.
Terms and conditions apply. Where relevant life assurance tax and a 1% Government levy applies.
While great care has been taken in its preparation, this document is of a general nature and should not be relied on in relation to specific issues without appropriate financial,
insurance, investment or other professional advice. The content of this document is for information purposes only and does not constitute an offer or recommendation to buy or
sell any investment or to subscribe to any investment management or advisory service. In the event of any changes in taxation or legislation, New Ireland may amend the terms
and conditions of the relevant contract to take account of any such changes. The details shown above relating to this fund and its composition are as at the date of this document
and may change over time. If there is any conflict between this document and the policy conditions, the policy conditions will apply.
Bank of Ireland Life is a trading name of New Ireland Assurance Company plc. New Ireland Assurance Company plc trading as Bank of Ireland Life is regulated by the Central
Bank of Ireland. Bank of Ireland Insurance & Investments Limited is regulated by the Central Bank of Ireland. Bank of Ireland Insurance & Investments Limited is a tied agent of
New Ireland Assurance Company plc. Members of Bank of Ireland Group.
State Street Global Advisors Ireland Limited is regulated by the Central Bank of Ireland. Incorporated and registered in Ireland at Two Park Place, Upper Hatch Street, Dublin 2.
Registered number 145221. Member of the Irish Association of Investment Managers.
April 2012
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