Aberdeen ASI Global Ethical Equity I Acc NAV

IMA Sector:

Global

ISIN:

GB0006833932

Fund Type:

OEIC

433.59p
   
  • PEP:
  • ISA:
  • CAT Std:
  • Date: 30-Oct-2024
  • Change: 1.98p
  • Change %: 0.46%
  • Currency: GBP
  • YTD change: 24.98p
  • YTD %: 6.11%

Fund Objective

To achieve long term capital growth

View on Past Performance

Global equities succumbed to another wave of selling in October, as the weakening financial system triggered further bank bailouts and liquidity injections. Eastern Europe's vulnerabilities were exposed after the IMF bailed out Hungary and Ukraine. Economies of the world appeared to be headed towards a synchronised recession: the US and the UK's third-quarter GDP shrank, while China grew at the slowest in five years.As growth concerns outweigh inflation worries, central banks, including those in Europe and Japan, made unprecedented coordinated interest rate cuts. During October, we sold Premier Foods due to balance sheet concerns after extensive due diligence, as well as Portugal Telecom. Conversely, we bought Japan's robotics manufacturer Fanuc, which is seeing strong demand, UK-listed Standard Chartered and Brazil's Petrobras, on attractive valuations.

Future Expectations

The volatility in financial markets has been driven by panic and fund redemptions. We believe that markets may overshoot, and we are ready to buy quality companies at attractive prices.

Fund Details

Latest Price 433.59p IMA Sector Global
Currency British Pound Launch Date 01/05/1999
Fund Size n/a Fund Manager SRI Team
ISIN GB0006833932 Dividend 0.00p

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Price Info

Date 30-Oct-2024
NAV 433.59p
Currency GBP
Change 1.98p
% 0.46%
YTD change 24.98p
YTD % 6.11%

Fund Facts

Fund Inception 01/05/1999
Fund Manager SRI Team
TER -

Fund Reports

Minimum Investment
Initial £1000000
Additional n/a
Savings n/a
Charges
Initial n/a
Annual Mang't 1.00%
Exit n/a

Risks

Name %
Standard deviation 0.02
Sharpe ratio 0.09

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