The Investec Wealth & Investment BCI Global Sustainable Equity Fund (ZAR) seeks to provide investors with capital growth over the long term by identifying investments with strong sustainable and Environmental, Social, and Corporate Governance (“ESG”) characteristics. The portfolio will invest in high quality global companies which have a net positive impact on society and the environment as defined by their contribution to achieving the United Nations Sustainable Development Goals. The portfolio‘s global equity exposure will always exceed 80% of the portfolio's net asset value.
The portfolio's investment universe consists of equity securities, exchange traded funds, preference shares, bonds, property shares and property related securities listed on exchanges, money market, other interest-bearing instruments and assets in liquid form. The portfolio may also invest in participatory interests and other forms of participation in portfolios of collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa and which is consistent with the portfolio's primary objective.
The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio's investment objective. The manager may also include forward currency, interest rate and exchange rate swap transactions for efficient portfolio management purposes. The Trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out.
For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.