Changes to BT Sustainable International Share Fund
28 August 2017
Changes to BT Sustainable International Share Fund (ARSN: 612 665 219)
Following a recent review of the BT Sustainable International Share Fund (Fund), the sustainable and ethical screening process is changing.
Implementation of additional screens
The Fund will add new screens to its sustainable and ethical screening process, which are to avoid investments in companies with material business involvement in the following activities:
> the production of tobacco or alcohol,
> manufacture or provision of gaming facilities,
> manufacture of weapons or armaments,
> manufacture or distribution of pornography,
> directly mine uranium for the purpose of weapons manufacturing,
> extraction of thermal coal and oil sands production.
BTIM considers that a company has a material business involvement in an activity if 10% or more of its total revenue is derived from that activity. We expect a 10% revenue threshold level to make a meaningful impact on excluding companies from the Fund’s investable universe that are considered to be ‘harmful’ or ‘controversial’ to society whilst allowing the Fund to be managed in line with its investment risk/return objectives.
BTIM believes the additional screens are in line with investors’ present expectation on how sustainable investments are managed and also demonstrate our commitment to a leading approach in responsible investing.
The information memorandum for the Fund has been updated to reflect the change and is available on BTIM website.
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