Premier Miton European equities team to launch new sustainable fund
Premier Miton is to launch of the Premier Miton European Sustainable Leaders Fund on 10 May 2021.
The fund will be managed by Premier Miton’s highly successful European equities team led by Head of European Equities, Carlos Moreno, assisted by Thomas Brown and new hire Russell Champion, who joins Premier Miton later in 2021. This team will work closely with Helene Winch, Premier Miton’s Head of Responsible Investing.
The Premier Miton European Sustainable Leaders Fund will invest in European companies that exemplify long term sustainable growth themes such as health and wellbeing, affordable and clean energy, and technological advancement.
All companies in the portfolio will display sustainable business characteristics and will be analysed on a wide range of ESG factors, for example their contribution to United Nations Sustainable Development Goals, the environmental and social impact of business and robust corporate governance factors.
Within this sustainable and ESG framework, the investment team will employ their proven approach for seeking companies that can create shareholder value through growing revenues, expanding margins and increasing return on capital, and where the value creation potential, in the managers’ opinion, is not currently reflected in the share price.
Carlos Moreno and Thomas Brown have managed the highly successful Premier Miton European Opportunities Fund since launch in December 2015. This fund is ranked first in the IA Europe ex-UK sector since launch to 31 March 2021, returning 192 per cent versus 71 per cent from the sector.
Carlos Moreno, Premier Miton’s Head of European Equities and fund manager of the Premier Miton European Sustainable Leaders Fund and Premier Miton European Opportunities Fund, says: “We are delighted to be launching a new European specialist sustainable fund. We are very proud of what we have achieved for our clients in our established Premier Miton European Opportunities Fund, and this new fund represents an exciting development of our investment range.
"The Premier Miton European Sustainable Leaders Fund is clearly differentiated from the existing fund in terms of its specialist focus on sustainable and ESG factors, but we will continue to leverage our proven investment philosophy and active approach to hold companies that create shareholder value through growing revenues, expanding margins and increasing return on capital, as well as meeting sustainable objectives.”
Neil Birrell, Premier Miton’s Chief Investment Officer, says: “The launch of a new sustainable and ESG focused European equity fund further expands our range of ESG and responsible investing products to cater for growing investor demand in this area. The Premier Miton European Sustainable Leaders Fund will sit alongside our global equity sustainable growth and income funds, our ethical UK equity fund and our global renewable energy investment trust.
“The impressive track record and reputation of our European equity team means we are very excited about the potential for delivering good investment outcomes and our ability to offer a compelling, distinctive and relevant new fund for our clients.”