For over twenty years, our unchanged investment philosophy for the global strategies we manage has been to own high quality companies with the potential to successfully compound over the long term. These companies compound by steadily growing while sustaining their high returns on operating capital. As investors, we persistently look to identify material risks or opportunities to this compounding, including environmental, social and governance (ESG) factors.
Built on 25 years’ heritage of Quality investing, Global Sustain1 is our high-conviction, ESG-integrated global equity fund that is strong on engagement, light on carbon and built on quality.
The value of the investments and the income from them can go down as well as up and an investor may not get back the amount invested.
Source: Factset, MSCI ESG, Trucost data, Morgan Stanley Investment Management.
1 This Fund is classified as an Article 8 product under the Sustainable Finance Disclosure Regulation. Article 8 products are those which promote environmental or social characteristics and which integrate sustainability into the investment process in a binding manner. Before making any decision to invest in the fund mentioned herein, please refer to all the characteristics and objectives of the Fund noted in the current Prospectus and KIIDatmorganstanleyinvestmentfunds.com.
2 All interactions between International Equity Team portfolio managers and company management or non-executive board members from January 1, 2021 – December 31, 2021 where material E, S, or G factors discussed. Data updated semi-annually.
3 Trucost data as of December 31, 2021 for the MS INVF Global Sustain Portfolio. Updated semi-annually.
4 Trucost defines a portfolio’s carbon intensity as the carbon emissions (Scope 1 and 2) of a portfolio per $1 million invested or per $1 million of portfolio companies’ sales. The portfolio-level statistics show the weighted average carbon intensity (WACI). Global Sustain seeks to achieve a greenhouse gas (GHG) emissions intensity that is significantly lower than that of the reference universe (which is defined, only for the purposes of comparing GHG emissions intensity, as companies of the MSCI AC World Index).
5 Quality ratios are historical; valuation ratios shown are for the next 12 months. ROOCE (Return on Operating Capital Employed) = EBITA (Earnings Before Interest, Taxes and Amortization) / PPE (Property, Plant, Equipment) + Trade working capital (excludes goodwill) last twelve months (LTM), Ex-Financials. EBIT Margin Stability is (1-(std deviation)/mean)) 10 year average. Free cash flow yield is a financial ratio that measures a company’s operating free cash flow minus its capital expenditures per share and dividing by its price per share. Free cash flow yield ratio is calculated by using the underlying securities of the fund. Data as of 31 December 2021, updated semi-annually.
6 Funds included in peer group analysis: 30 largest global equity investment funds from FactSet and Morningstar databases with ESG, Environmental or Ethical focus, as defined by Morningstar, and where ESG considerations are reflected in the name of the fund.
The value of the investments and the income from them can go down as well as up and an investor may not get back the amount invested.
Source: Factset, MSCI ESG, Trucost data, Morgan Stanley Investment Management.
1 This Fund is classified as an Article 8 product under the Sustainable Finance Disclosure Regulation. Article 8 products are those which promote environmental or social characteristics and which integrate sustainability into the investment process in a binding manner. Before making any decision to invest in the fund mentioned herein, please refer to all the characteristics and objectives of the Fund noted in the current Prospectus and KIIDatmorganstanleyinvestmentfunds.com.
2 All interactions between International Equity Team portfolio managers and company management or non-executive board members from January 1, 2021 – December 31, 2021 where material E, S, or G factors discussed. Data updated semi-annually.
3 Trucost data as of December 31, 2021 for the MS INVF Global Sustain Portfolio. Updated semi-annually.
4 Trucost defines a portfolio’s carbon intensity as the carbon emissions (Scope 1 and 2) of a portfolio per $1 million invested or per $1 million of portfolio companies’ sales. The portfolio-level statistics show the weighted average carbon intensity (WACI). Global Sustain seeks to achieve a greenhouse gas (GHG) emissions intensity that is significantly lower than that of the reference universe (which is defined, only for the purposes of comparing GHG emissions intensity, as companies of the MSCI AC World Index).
5 Quality ratios are historical; valuation ratios shown are for the next 12 months. ROOCE (Return on Operating Capital Employed) = EBITA (Earnings Before Interest, Taxes and Amortization) / PPE (Property, Plant, Equipment) + Trade working capital (excludes goodwill) last twelve months (LTM), Ex-Financials. EBIT Margin Stability is (1-(std deviation)/mean)) 10 year average. Free cash flow yield is a financial ratio that measures a company’s operating free cash flow minus its capital expenditures per share and dividing by its price per share. Free cash flow yield ratio is calculated by using the underlying securities of the fund. Data as of 31 December 2021, updated semi-annually.
6 Funds included in peer group analysis: 30 largest global equity investment funds from FactSet and Morningstar databases with ESG, Environmental or Ethical focus, as defined by Morningstar, and where ESG considerations are reflected in the name of the fund.
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