Calvert Global Equity Strategy

Calvert Global Equity Strategy

Calvert Global Equity Strategy

 
 
Summary

The Calvert Global Equity Strategy aims to be a concentrated and balanced portfolio of high and improving quality companies that exhibit sound management of ESG characteristics. The Strategy invests in sustainable business models, with secular growth characteristics, high or improving returns on invested capital, sustainable competitive advantages, durable balance sheets, and strong capital allocation, with a proven ability to compound cashflows over the long term.

 
 
Investment Approach
Philosophy

The Calvert Global Equity Strategy seeks to provide high total returns, consistent with reasonable risk from a concentrated portfolio of high and improving quality companies that effectively manage financially material ESG characteristics.  The Global Team believe that sustainable business models, generating sustainable financial performance have a propensity to compound value for shareholders; and in a concentrated and balanced portfolio can generate an attractive return journey for clients over the long term. The Team further believes that the market often misprices sustainable business models and looks to add value by understanding the key drivers of sustainable business models and the ability of companies to generate strong financial returns and to compound value for shareholders over the long-term.

  • Invest in high and improving quality companies with sustainable business models that can compound cashflows at a higher level, for longer periods than the market gives credit for.
  • ESG research is integrated throughout our investment process giving a comprehensive understanding of the sustainability characteristics of businesses.
  • Managed in a concentrated and balanced portfolio to generate an attractive return journey for clients.
 
Differentiators
Calvert’s 40 year heritage in responsible investing

Four decades of leadership in responsible investing. Robust ESG characteristics are critical to the sustainability of a company’s business model and we integrate ESG research, focused on financial materiality, into fundamental research and stock selection.

Sound intellectual Framework

Investment approach is focused on sustainable business models and managed by an experienced, empowered, and accountable team of global investors.  

Mitigating Behavioural Bias

A prominent aspect of our investment process is how we combat behavioural biases.  The Global Team recognise that behavioural biases are present in every investment team and have developed a proprietary approach towards minimising these biases, termed Portfolio Exercises, which are provocative, action-oriented, contrarian and creative.  

Concentrated and Balanced Portfolio

The Strategy is a concentrated and balanced portfolio of high-quality companies. We seek to deliver an attractive return journey for clients over the long-term, with participation during strong market environments and resilience in weaker market environments.

 
 
 
Investment Process

The Global Team utilises a bottom-up fundamental investment process to identify companies with sustainable business models that demonstrate the ability to deliver sustainable financial performance in order to compound value for shareholders over the long term. The Team focuses on high and improving quality companies with the ability to deliver high growth, high gross margins and high or improving Return on Invested Capital (ROIC); as a good blend of these factors is prevalent in companies that compound cashflows over the long term.

Strong ESG characteristics are critical to the sustainability of a company’s business model. By applying the Calvert Principals for Responsible Investments, we can assess how well companies are managing their financially material ESG factors. The resulting universe of eligible companies represent the opportunity set of companies that are managing their financially material ESG risks and opportunities well. These proprietary insights are incorporated into the assessment of the sustainability of each company’s business model. Engagement is used to influence how companies are managing ESG factors to drive positive environmental and societal impacts and ultimately improve financial outcomes. We believe that helping companies improve their ESG commitments makes business models more durable and better long-term investments.

The investment team recognises that behavioural biases are present in every investment team and the team has developed a proprietary approach towards minimising these biases, termed Portfolio Exercises, which are provocative, action-oriented, contrarian and creative.  The portfolio managers construct and manage a concentrated and balanced portfolio with a disciplined bottom-up, conviction led and risk aware approach.

Calvert-Global-Equity-Investment-Process
 
 
Portfolio Managers  
Chris Dyer
Christopher M. Dyer
Co-Head of Eaton Vance Equity Global Team
23 years industry experience
Ian Kirwan
Ian Kirwan
Co-Head of Eaton Vance Equity Global Team
27 years industry experience
Dale MacLennan
Dale MacLennan
Equity Portfolio Specialist
30 years industry experience
 
 
 
 

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モルガン・スタンレー・インベストメント・マネジメント株式会社
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加入協会:日本証券業協会、一般社団法人投資信託協会、
一般社団法人日本投資顧問業協会、一般社団法人第二種金融商品取引業協会


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