Vontobel Fund - mtx Sustainable Emerging Markets Leaders
LU0571085413
| Issuer | Vontobel Asset Management S.A. |
|---|---|
| Fund provider | Vontobel Asset Management AG |
| Fund type/Asset class | Equity fund |
| Legal form | SICAV |
| Fund issue date | 04/12/2017 |
| Last Update | 07.02.2024 |
| Benchmark | MSCI Emerging Market TR net (USD) |
| Tranche | - |
Risk Indicator (PRIIP)
6 of 7
Licensed in
D,
A,
CH,
LU
Classification by SFDR
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EU Taxonomy
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% of Sustainable Investments according to SFDR
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Principal Adverse Impacts
No explicit details regarding the principal adverse impacts.
Sustainable Development Goals
No explicit details regarding the Sustainable Development Goals
Normal allocation
| Equities | 80 % to 100 % |
|---|---|
| Bonds | Excluded |
| Money market/Bank deposits | 0 % to 20 % |
| Commodities | Excluded |
| Direct investments | Excluded |
| Derivatives | 0 % to 20 % (for hedging only) |
| Other | - |
Sustainability approach
| Principal Adverse Impacts |
-
|
|---|---|
| Further remarks on the consideration of SDGs | - |
| Rationale behind classification according to SFDR | - |
| Engagement | Yes, organized internally Link to engagement policy |
| Voting | Yes, organized externally Link to voting policy |
| Best-in/of-Class | No |
| ESG-Integration | Yes The Investment Manager excludes from the investment uni-verse of the Sub-Fund, all companies producing controversial weapons, tobacco, and palm oil and companies who derive more than a de-minimus percentage of revenues from the following activities: nuclear energy, coal power or coal extraction, oil sands, weapons related military contracting, or adult entertainment, as well as tobacco retailers but with a higher revenue share (please see Vontobel.com/SFDR for up-to-date revenue thresholds for these excluded activities). These controversial sectors are excluded because they are not considered economically successful in the long-term and/or because they cause harm to Sustainability Factors (in particular the environment and public health and safety). The Sub-Fund also excludes companies that are evaluated to have failed international norms and standards (subject to certain specific criteria that allows companies scope to remediate the breach) as codified in the: i) UN Global Compact; ii) OECD Guidelines for Multinational Enterprises; iii) UN Guiding Principles on Business and Human Rights; iv) International Labor Organization’s Conventions; as well as iv) underlying conventions and treaties of the above named codes and a long list of other international conventions, norms and instruments. Additionally, the Sub-Fund adheres to the official UN list of sanctioned countries in respect of oppressive regimes and do not invest in companies domiciled in such a country. Based on systematic filtering of the remaining eligible in-vestment universe, the Investment Manager seeks to identify market-leading companies by analyzing fundamental data of the companies, such as return on invested capital and their market position. Companies that provide the best outcome after the completion of the above described stock selection process (Leaders) represent the investment pool for the Sub-Fund. Within this filtered investment universe of Leaders, the Investment Manager conducts additional financial modeling. The outcome of such modelling is a sub-pool of Leaders that are considered potentially eligible for investment, so called the Investible EM Universe. Sustainability (environmental, social and governance (ESG)) assessments are conducted on the Investible EM Universe. The Investment Manager’s sustainability investment process consists of detailed, systematic qualitative and quantitative analysis of a potential investee’s Sustainability Risks and Sustainability Factors (collectively Sustainability Indicators). Integrating Sustainability Indicators is a central pillar in the investment process with the aim of improving the long-term risk-return characteristics of the Sub-Fund’s portfolio and supporting elevated social or environmental practices by the investee companies. The Investment Manager is motivated by the understanding that its investments have the potential to affect society and the environment, and that such investments are affected by society and the environment. The sustainability approach avoids investments in issuers who demonstrate, through various criteria, that they are under-prepared to avoid material Sustainability Risks and identifies issuers that seek to include environmental or social characteristics in their economic activities (as have been evaluated to be most material according to the company’s principle business sector). As such, both the risk profile of the Sub-Fund’s portfolio is enhanced and the Sub-Fund selects companies who are better at managing their real world impacts. The investee companies are rated for governance aspects using the Investment Manager’s sustainability framework. Common governance indicators include board independence & diversity, ownership structures, rights of minority shareholders, executive remuneration, and audit and ac-counting oversight. For each Sustainability Indicator, companies are scored against defined performance thresholds and the indicators have sector-tailored weights to adjust their impact on the overall score. Companies must achieve an overall pass score to be eligible for investment. More information about the strategies, indicators and data sets used to evaluate company’s sustainability performance can be found at vontobel.com/SFDR. In addition, the Investment Manager has an over-riding “F-Score” whereby the potential investee company fails the assessment on any Sustainability Indicator(s) even if the company would otherwise attain a pass mark. Thereby, there are hard redlines preventing investment in companies that have highly negative impact on society or the environment even where the business case is unaffected. The implementation of the sustainability selection criteria, as described above, leads to the exclusion of at least 20% of potential investments via the exclusions applied to the starting universe plus the further sustainability screening of the Investible EM Universe. 100% of the securities in the Sub-Fund have had the sustainability selection criteria applied to it. The Sub-Fund further promotes environmental and social characteristics via active ownership, which the Investment Manager considers central to sustainable investing to achieve more sustainable outcomes for society and to sup-port long-term risk adjusted returns for investors in the Sub-Fund. Direct engagements by the Sub-Fund typically target gross breaches of Sustainability Factors or high Sustainability Risks and/or material sustainability issues where disclosure is weak, thereby undermining the Sub-Fund’s ability to make an informed evaluation of Sustainability Risk or impact. Compliance with the environmental, social and governance characteristics is monitored using news alert tools on an on-going basis and, in the event of severe incidents, the F-Score Framework was designed to provide a clear decision tree to assess severity of incidents and therefore rule on the need to divest or else to engage regarding the controversy. Each asset in the portfolio has their sustainability performance periodically reevaluated using the sustainability framework. |
| Norm-based screening |
UN Global Compact
ILO core labour standards
OECD Guidelines for Multinational Enterprises
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| Themes |
-
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| Impact Investing |
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| Further information on the sustainability approach | Link to sustainability approach |
Research and Transparency
| In-house sustainability analysis | Yes, 14 (3 for mtx ESG franchise) |
|---|---|
| Research partners | Yes MSCI ESG, Sustainalytics, Inrate, Hermes EOS |
| Percentage of portfolio with sustainability analysis | 100 % |
| Strategically important suppliers included | Yes |
| Sustainability advisory committee | No |
| Analysis of portfolio CO2 | Yes, backward-looking indicator |
| Sustainability reporting | Yes |
| At least monthly portfolio publication | Yes |
| Certification/Label awarded by independent auditors |
-
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Environmental
Exclusion of sectors / areas of business – companies
| Fossil fuels (Coal, Oil and Gas) | No |
|---|---|
| Nuclear power (operation and components) | Yes 10 % Turnover threshold |
| Green genetic engineering | No |
| Chlorine and agrochemicals (biocides) | No |
| Other | Coal, Oil Sands 10 % Turnover threshold |
Exclusion of business practices – companies
| Environmentally damaging behaviour | No |
|---|---|
| Damage to biodiversity | No |
| Other | Not formally excluded but part of the ESG analysis. |
Exclusion criteria – countries
| Non-ratification of the Paris Climate Agreement | N/A |
|---|---|
| Non-ratification of the Protocol on Biosafety | N/A |
| Non-ratification of the UN Biodiversity Convention | N/A |
| Nuclear power by proportion of gross energy production | N/A |
| Other | - |
Social
Exclusion of sectors / areas of business – companies
| Weapons/Armaments | Yes |
|---|---|
| Cluster bombs and anti-personnel mines | Yes |
| Weapons of mass destruction (ABC/CBRN) | No |
| Tobacco products | Yes |
| Pornography | Yes 10 % Turnover threshold |
| Spirits/Alcohol | No |
| Gambling | No |
| Other | - |
Exclusion of business practices – companies
| Labour rights (ILO core labour standards) | No |
|---|---|
| Exploitative child labour | No |
| Violation of human rights | No |
| Animal testing | No |
| Other | Not formally excluded but part of the ESG analysis. |
Exclusion criteria – countries
| Labour rights | N/A |
|---|---|
| Violation of human rights | N/A |
| Military spending as a percentage of GDP | N/A |
| Death penalty, torture | N/A |
| Countries classified by Freedom House as not free | N/A |
| Violations of the Nuclear Non-Proliferation Treaty | N/A |
| Violations of other non-proliferation treaties | N/A |
| Other | - |
Governance
Exclusion of business practices – companies
| Corruption and bribery | No |
|---|---|
| Tax: planned avoidance & detected violations | No |
| Other | - |
Exclusion criteria – countries
| Corruption | N/A |
|---|---|
| Other | - |
More on data availability
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EU Taxonomy
It is possible that reported KPIs for taxonomy eligibility and alignment (being limited to corporate issuers / including only selected economic activities) are low or that KPIs cannot be reported due to limited data availability. Data may be available with a time lag. Data comparability may be limited due to differences in the scope of the economic activities considered. As soon as data is available in sufficient quantity and quality, it will be published in accordance with regulatory requirements.
Quelle: Unternehmensangaben. | Für die Angaben der Unternehmen kann keine Haftung übernommen werden. Die Angaben dienen nur zur Information und stellen keine Beratung oder Empfehlung dar. Bitte beachten Sie den Haftungsausschluss unter www.forum-ng.org/disclaimer. Das FNG-Nachhaltigkeitsprofil bietet nur einen ersten Überblick und ist kein Ersatz für eine eigenständige Analyse. Weiterführende Erläuterungen finden Sie unter www.forum-ng.org
FNG-Sustainability profiles disclaimer
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- Es wird ausdrücklich darauf hingewiesen, dass das Forum Nachhaltige Geldanlagen e.V. weder die Richtigkeit und Vollständigkeit noch die Plausibilität der in den FNG-Nachhaltigkeitsprofilen enthaltenen Angaben überprüft hat. Diese Angaben beruhen ausschließlich auf den von den jeweiligen Anbietern bereitgestellten Daten, auf die das Forum Nachhaltige Geldanlagen e.V. keinen Einfluss hat.
- Die Aktualität der eingegebenen Daten richtet sich nach dem im FNG-Nachhaltigkeitsprofil des jeweiligen Produkts angegebenen Aktualisierungsdatum, wiedergegeben ist also der Stand zu diesem Datum. Im Zweifel sind die bei der jeweiligen KVG hinterlegten Daten als aktuell zu betrachten. Das Forum Nachhaltige Geldanlagen e.V. hat darauf jedoch keinen Einfluss und kann daher keine Gewähr für eine jederzeitige Aktualität übernehmen, da die FNG-Nachhaltigkeits-Inhalte von den Anbietern selbst zu befüllen und ggf. zu aktualisieren sind.
- Die in den FNG-Nachhaltigkeitsprofilen bereitgestellten Informationen stellen keine Anlageempfehlungen dar. Sie dienen lediglich Informationszwecken zu bestimmten Nachhaltigkeitsaspekten und können weder eine fachgerechte Anlageberatung noch eine qualifizierte Produktaufklärung ersetzen. Es wird daher empfohlen, vor Kauf oder Verkauf der in den FNG-Nachhaltigkeitsprofilen aufgeführten Anlageprodukte die Dienste eines professionellen Anlageberater in Anspruch zu nehmen und die vollständigen Verkaufsunterlagen (insbesondere Verkaufsprospekt) des jeweiligen Anlageprodukts aufmerksam durchzulesen. Insoweit wird ergänzend darauf hingewiesen, dass Anlageprodukte generell mit Verlustrisiken bis hin zu einem Totalverlust behaftet und auch in der Vergangenheit erzielte Gewinne kein zuverlässiger Indikator für zukünftige Ergebnisse sind.