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VIRGIN CLIMATE CHANGE FUND
Invests in companies that have a lighter environmental footprint. Actively managed by GLG - a fund manager with $38.0bn assets under management.
At a glance
Aims to provide capital growth while at the same time being better for the planet.
You can access your money whenever you need to, but you should be ready to invest for at least five years.
Up to 25% of the fund is invested in companies developing environmental best practice or technologies.
Managed by GLG - a fund manager with $38.0bn assets under management.
Please note, this fund has an annual ongoing charge of 1.3%.
Close risk vs reward window
The risk/reward indicator is a measure of how much a Fund's value has moved up and down in the past, this is a standardised rating that you can also find in the Key Investor Information Documents for each fund. It can help you balance stability with your appetite for investment growth.
For example, risk level 1 signals a low risk of your fund losing money, but also a low potential for growth. The higher the risk rating the more potential there is to grow your investment, but there is also a greater chance of a reduction in value – particularly over the short term.
The risk category shown is not a target or guarantee and may move over time.
Typical Fund Mix
75% is invested in shares with a 'green filter' applied, and 25% is hand picked by the fund manager.
Where your money's invested
Instead of being chosen by industry, companies are chosen based on their environmental ‘footprint’. The fund provider GLG works closely with Trucost (a company who specialise in quantifying environmental impacts) to rank the companies from a low to a high footprint based on over 700 factors. Only those in the top half of the list make it into the Virgin Climate Change Fund.
In addition the fund also invests:
Up to 15% in hand picked companies who lead their industries in environmental best practice.
Up to 10% in companies developing, manufacturing and providing innovative products and solutions to environmental problems.
Remember that shares can rise and fall significantly, affecting the value of the fund.
Predominantly the UK and Europe.
Top 10 shares
The following is up-to-date as of 30 September 2018
Deutsche Wohnen SE
ASML Holding NV
Roche Holding Ag-Genu
How has this fund performed over the long term?
Before choosing a fund to invest in its important to understand how the fund has performed over the years. The table below shows year-on-year performance for the past 5 years.
Remember, past performance is not a reliable guide to the future. The value of your investment can go down as well as up, and you may get back less than you invest. This is a medium to long term investment so you should be prepared to invest your money for at least 5 years.
September 2013 to
September 2014 to
September 2015 to
September 2016 to
September 2017 to
Source: Lipper, year on year, 30.09.13 to 30.09.18, bid to bid with net income reinvested.
As a performance example, if you had invested £10,000 in the Virgin Climate Change Fund on 30 September 2008, it would be worth £17,080 after charges on 30 September 2018.
Close risk vs reward help An actively managed fund is one which is managed by a fund manager, who tries to predict which shares will rise most in value. The aim is to produce better-than-average returns – but the risk level is greater. You’re paying for the fund manager’s time and expertise, plus the trading costs of regular buying and selling, so the costs are normally higher than with passively managed funds.
Up to £50,000
Remember, you can only subscribe to one Cash ISA, one Stocks and Shares ISA, one Innovative Finance ISA and one Lifetime ISA in each tax year, up to the current combined annual subscription limit of £20,000. The value of your investments can go down as well as up and you may get back less than you invest.
This is a medium to long-term investment so you should be prepared to invest your money for at least five years. Tax depends on your individual circumstances and the regulations may change in the future.