KBI Global Investors is first Irish Manager to have funds approved as compliant with European SRI Transparency Code

By klein(WB), Monday, 23rd January 2017 | 0 comments

Dublin-based KBI Global Investors (formerly Kleinwort Benson Investors) is delighted to confirm that its Water, Energy Solutions and Agribusiness funds have been approved as compliant with the European SRI Transparency Code (http://www.eurosif.org/transparency-code). A pioneer investor in Natural Resources, offering a comprehensive suite of Strategies in this space and a standalone Water Strategy established as long ago as 2000, KBIGI is the first Irish fund manager to have investment strategies approved by Brussels-based Eurosif, the leading European association for the promotion and advancement of sustainable and responsible investment across Europe.

Rooted in the European Transparency Guidelines unveiled in 2004, the European SRI Transparency Code – first launched in May 2008 – seeks to increase the accountability and clarity of SRI practices for European investors.  Socially responsible investing – often referred to as ‘sustainable’, ‘socially conscious’, ‘green’ or ‘ethical’ investing – takes into consideration both the financial return on an investment as well as social good, to bring about a social change. The principle underpinning the Code is that asset manager signatories should be open and honest, and disclose accurate, adequate and timely information to enable stakeholders to understand the policies and practices of a given SRI fund.

The Code has been made a mandatory requirement by numerous national SRI labels or trade associations in Europe, and being a signatory to the Code is a prerequisite for SRI funds in both Belgium and France.

KBIGI is also a signatory of the United Nations Principles for Responsible Investment, members or signatories to the Carbon Disclosure Project, Global Impact Investing Network and UK Stewardship Code (Tier 1 status), and part of a network of investors which support and promote the long-term benefits of sustainable investment within the context of their individual investment processes and fiduciaries duties.  The firm’s flagship Global Equities suite has a strong ESG focus, with its breakout Global ESG Equity Strategy integrating Environmental, Social and Governance factors into its investment process – excluding holdings deemed inconsistent with its ESG guidelines, and maintaining a targeted overall ESG score as calculated by an independent external ESG rating provider.

Welcoming Eurosif’s announcement, Eoin Fahy, Head of Responsible Investing at KBIGI said, “We have always placed a great deal of emphasis on transparency, and have been part of a vanguard movement, building ESG criteria into our investment processes from an early stage. Openness and honesty are amongst the hygiene factors by which any manager can be judged, and we applaud Eurosif’s efforts in enabling stakeholders to better understand the policies and practices of an SRI fund. We welcome this news and will look to build on our achievements in this area with our Global Equity Strategies ESG funds.”

Journalists seeking further information and/or who wish to speak with KBI Global Investors should contact:

Gordon Puckey
Phoenix Financial PR
+44 7799 767 468
gordon@phoenixfinancialpr.co.uk

 

Disclaimer

KBI Global Investors Ltd is regulated by the Central Bank of Ireland and subject to limited regulation by the Financial Conduct Authority in the UK. Details about the extent of our regulation by the Financial Conduct Authority are available from us on request. KBI Global Investors (North America) Ltd is a registered investment adviser with the SEC and regulated by the Central Bank of Ireland. KBI Global Investors (North America) Ltd is a wholly-owned subsidiary of KBI Global Investors Ltd. ‘KBI Global Investors’ or ‘KBIGI’ refer to KBI Global Investors Ltd and KBI Global Investors (North America) Ltd.  

IMPORTANT RISK DISCLOSURE STATEMENT

This material is provided for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security, product or service including any group trust or fund managed by KBI Global Investors. The information contained herein does not set forth all the risks associated with this strategy, and is qualified in its entirety by, and subject to, the information contained in other applicable disclosure documents relating to such a strategy. KBI Global Investors’ investment products, like all investments, involve the risk of loss and may not be suitable for all investors, especially those who are unable to sustain a loss of their investment.  

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

This introductory material may not be reproduced or distributed, in whole or in part, without the express prior written consent of KBI Global Investors. The information contained in this introductory material has not been filed with, reviewed by or approved by any regulatory authority or self-regulatory authority and recipients are advised to consult with their own independent advisors, including tax advisors, regarding the products and services described therein. The views expressed are those of KBI Global Investors and should not be construed as investment advice. We do not represent that this information is accurate or complete and it should not be relied upon as such. Opinions expressed herein are subject to change without notice. The products mentioned in this Document may not be eligible for sale in some states or countries, nor suitable for all types of investors. Past performance may not be a reliable guide to future performance and the value of investments may fall as well as rise. Investments denominated in foreign currencies are subject to changes in exchange rates that may have an adverse effect on the value, price or income of the product. Income generated from an investment may fluctuate in accordance with market conditions and taxation arrangements. In some tables and charts, due to rounding, the sum of the individual components may not appear to be equal to the stated total(s). Additional information will be provided upon request.

 

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Recent news

UN WORLD WATER DAY SETS BACKDROP FOR ‘THIRD WAVE’ OF WATER INVESTING

US$12 trillion to be allocated to spending on Water through 2030,making it the largest component of global infrastructure spending over the next 20 years 1

Wednesday 22nd March heralds the 25th World Water Day and the United Nations’ continuing campaign for freshwater and sanitation.  Staged as a means of focusing the World’s attention on the importance of freshwater and the sustainable management of freshwater resources, World Water Day seeks to highlight a specific aspect of freshwater each year, with ‘Wastewater’ the designated theme in 2017.  For Dublin-based KBI Global Investors (‘KBIGI’), a pioneer in Natural Resources investing, it is also the perfect backdrop for what Matt Sheldon, Senior Portfolio Manager on the firm’s long-established Water Strategy refers to as Water Investing’s ‘Third Wave’.

“We are”, says Sheldon, “at the front end of the next wave of investing in Water.  If you look back at the early 2000s Water spending was driven by the developed market housing boom.  After the great financial crisis, we saw Wave 2, driven by Industrial Water – whether it was the energy renaissance in the US, Chinese stimulus or global corporations taking seriously for the first time their responsibilities in addressing their energy and water footprints.

“Wave 3 is driven by infrastructure and policy-led initiatives.  We’re going to see US$12 trillion spent on water infrastructure by 2030, as much as in Telecoms and Power.  The populism that we are seeing in politics around the World is now flooding the water space, and people are demanding better quality water, no longer content with contamination.  In the past politicians knew that the way of maintaining their leadership was the delivery of low-cost water; today their motivation is to ensure they’re not on the front page because they left problems unaddressed.  We only need look back a couple of years to the crisis in Flint, Michigan – where cost-cutting measures led to tainted drinking water – to see how media sentiment has changed.”  

 

Increasing commitment to infrastructure spending

A key plank of the case for Water Investing is KBI Global Investors’ view that spending on the water infrastructure of the US has been far too low for too long, and needs to increase substantially – and at KBIGI more than 75% of the portfolio can be classed as infrastructure stocks i.e. companies involved in building, or providing equipment or services for water infrastructure.  Increased infrastructure spending will therefore benefit the KBIGI Water Strategy, with Trump’s commitment to infrastructure being particularly supportive.

Trump and infrastructure

“We're going to rebuild our infrastructure, which will become second to none, and we will put millions of our people to work as we rebuild it”, said the newly elected President.  He has since published the details of an ‘America’s Infrastructure First’ plan, which is designed to “transform America’s crumbling infrastructure into a golden opportunity for accelerated economic growth.”

Whilst all the noise is about Trump right now, Sheldon notes cross-party political support for extra infrastructural spending; the Democrats have just published their own policy document, ‘A Blueprint to Rebuild America’s Infrastructure’, proposing an additional $110bn spend on the rehabilitation of water and sewer infrastructure.

Water is however a global investment opportunity.  The Chinese water market is huge; its commitment to water infrastructure is expected to double that of the US and Europe combined, with India stepping up her own water investment and committed to a number of major programmes.

China crisis

Water and wastewater treatment plants are amongst the largest of infrastructure projects.  With demographic changes resulting in significant amounts of human, industrial and agricultural waste reaching our water supplies, these projects are now essential.  Regulation has emerged as a key support to these initiatives as countries look to improve their water quality and restore the water ecology function.  In China, for example, pollution from industrialisation has led to more than 70% of Chinese rivers, lakes and groundwater being designated as polluted, leading to an urgent need for wastewater treatment. 

On a separate note, the dislocation between water supply and demand is most prevalent in emerging economies, where population growth and urbanisation is most significant.  In China, the ‘Chinese South-North Water Transfer Project’ is designed to bring water from the southern region of China (which has water in abundance) to northern Chinese cities.  The construction of this enormous project will not be complete before 2050, and will provide opportunities for companies across the water infrastructure spectrum.

The Modi project

India is among the fastest growing markets globally, growing at 12% per annum from 2014-2018.  Only 70% of urban households and 30% of rural areas have access to piped water – the level of ‘Non-Revenue Water’ (i.e. that lost in the system) between 30-50% on average, and wastewater treatment low or non-existent in most regions.  India is notoriously bureaucratic and project delays are commonplace, but with Prime Minister Modi focused on reviving investment through the introduction of new and more straightforward financing mechanisms, removing bottlenecks and encouraging foreign direct investment, we are seeing some real and meaningful project activity on the ground.

KBI Global Investors’ proven track record

KBI Global Investors has a fully dedicated specialist team of investment managers looking to identify companies that will benefit from the significant water infrastructure spend over the coming years.  

The firm established its standalone Water Strategy as long ago as 2000.  A high conviction, global, long-only equity portfolio, it invests in 35-50 publicly traded companies providing value-added solutions to meet the vital, global need for water – and the Strategy, one of the first of its kind globally, has delivered strong, consistent returns relative to the broader market since inception, outperforming the MSCI ACWI in 12 of 16 calendar years.

2016 was a tremendous year for the KBIGI Water Strategy, which delivered an excess return vs. MSCI ACWI of +7.3% (USD to 31.12.2016, gross of fees), the portfolio’s infrastructure stocks being the standout performers over the period.  The firm believes the multi-year tailwinds specific to global water provide a compelling opportunity given elevated broad market valuations and the stubbornly slow growth environment, and Sheldon believes its portfolio to be well positioned.

The KBI Global Investors Water Strategy was recently approved as compliant with the European SRI Transparency Code by Brussels-based Eurosif, the leading European association for the promotion and advancement of sustainable and responsible investment across Europe.

– ENDS –

1 McKinsey & Company: McKinsey Global Institute McKinsey Infrastructure Practice, January 2013

Journalists seeking further information and/or who wish to speak with KBI Global Investors should contact:

Gordon Puckey
Phoenix Financial PR
+44 7799 767 468
gordon@phoenixfinancialpr.co.uk

NOTES TO EDITORS

  1. Water Investing

Water is a key resource, which will need significant investment to ensure its adequate provision to a growing global population.  Growing demand for fresh water from a rapidly-expanding global population, coupled with unrelenting demand from industry and agriculture, has focused the world’s attention on how we manage our scarce water resources.  The KBIGI Water Strategy gives investors the opportunity to invest in companies that are poised to generate significant revenue growth from providing solutions to the growing need to address water scarcity.

The primary drivers of the Water investment theme are:

  • Inadequate supply: < 1% of water is available for use
  • Increasing demand: growing 40% by 2030
  • Increasing regulation and government support
  • Increasing investment in infrastructure: $121 trillion required through 2030
  • Increasing investment in technology: to enhance infrastructure, increase efficiency and assure quality

Water is essential for feeding the world with nearly 70% of water supply going to agriculture.  Industrial use accounts for a little more than 20% of the water supply and further highlights its importance for economic growth.  These uses far outstrip domestic water use of a little under 10%, but should not obscure the vital need to provide domestic water as today nearly 800 million people do not have access to clean drinking water and 2.5 billion people lack access to basic sanitation.

As a result, this vital resource has a supply/demand imbalance, which will drive significant investment in solutions over the next two decades in which technology and infrastructure in areas such as desalination, water re-use, filtration, and metering will play a major role.  Further, environmental regulations continue to support spending on treatment technologies and testing equipment to encourage compliance with water quality standards.

Whether it is the European Union’s Water Framework Directive, the Safe Drinking Water Act in the US, or China’s water standards, regulation – both economic and environmental – has been a backbone of support for investment in water.  While other areas of clean technology saw regulatory support wane during the global credit crisis, the essential need for clean water provided the impetus for continued consistent regulatory support.

An estimated $121 trillion is expected to be allocated to spending on water through 2030, making it the largest component of global infrastructure spending in the next 20 years.  As a specialist active manager, KBIGI is well positioned to understand how this capital will be deployed and which companies will provide the dominant solutions to ensure the demand for this most vital resource is met.

  1. About World Water Day

World Water Day, which falls on 22nd March every year, is about taking action to tackle the water crisis.  Today, there are more than 663 million people living without a safe water supply close to home, spending countless hours queuing or trekking to distant sources, and coping with the health impacts of using contaminated water.

The Sustainable Development Goals, launched in 2015, include a target to ensure everyone has access to safe water by 2030, making water a key issue in the fight to eradicate extreme poverty.

In 1993, the United Nations General Assembly officially designated March 22nd as World Water Day.  World Water Day is coordinated by UN-Water in collaboration with governments and partners.

Wastewater – UN-Water’s theme for 2017

Globally, the vast majority of all the wastewater from our homes, cities, industry and agriculture flows back to nature without being treated or reused – polluting the environment, and losing valuable nutrients and other recoverable materials.  Instead of wasting wastewater, we need to reduce and reuse it.  In our homes, we can reuse greywater on our gardens and plots.  In our cities, we can treat and reuse wastewater for green spaces.  In industry and agriculture, we can treat and recycle discharge for things like cooling systems and irrigation.

By exploiting this most valuable resource, we will make the water cycle work better for every living thing.  And we will help achieve the Sustainable Development Goal 6 target to halve the proportion of untreated wastewater and increase water recycling and safe reuse.

http://www.worldwaterday.org/

  1. About KBI Global Investors (‘KBIGI’)

KBI Global Investors is a specialist equity manager, offering a range of Global Equities and Natural Resources Strategies.  Established in 1980, KBIGI has been managing assets for institutional clients for more than 35 years – public and corporate pension schemes, sub-advisory investors, foundations and endowments, wealth managers, private banks and investment intermediaries included.  The firm enjoys an increasingly global client base, and holds mandates in the UK, Europe, North America and Asia.  Part of the Amundi Group, KBIGI is headquartered in Dublin, with a sales office in Boston.

Originally focused on the Irish market, managing predominantly domestic balanced mandates, KBIGI is today a specialist institutional asset management boutique.

The firm enjoys significant coverage across the global institutional consultant community, continues to manage pension fund assets for some of Ireland’s largest and best-known corporations, and offers investment services on both a segregated and unitised basis.

KBIGI’s highly experienced teams manage some €9.1bn at 31st December 2016*, the firm boasting an excellent track record for consistent risk-adjusted investment performance over the longer term.

KBIGI is a signatory of the United Nations Principles for Responsible Investment, members of or signatories to the Carbon Disclosure Project, Global Impact Investing Network and UK Stewardship Code (Tier 1 status), and part of a network of investors which support and promote the long-term benefits of sustainable investment within the context of their individual investment processes and fiduciary duties. 

KBIGI is headed by CEO, Sean Hawkshaw, and has a headcount of approximately 63 people – the KBIGI management team along with a number of key employees holding 12.5% of the equity in the firm.

* This is the combined AUM of KBI Global Investors Ltd and KBI Global Investors (North America) Ltd as at 31st December 2016.

  1. Disclaimers

KBI Global Investors Ltd is regulated by the Central Bank of Ireland and subject to limited regulation by the Financial Conduct Authority in the UK.  Details about the extent of our regulation by the Financial Conduct Authority are available from us on request.  KBI Global Investors (North America) Ltd is a registered investment adviser with the SEC and regulated by the Central Bank of Ireland.  KBI Global Investors (North America) Ltd is a wholly-owned subsidiary of KBI Global Investors Ltd.  ‘KBI Global Investors’ or ‘KBIGI’ refer to KBI Global Investors Ltd and KBI Global Investors (North America) Ltd.

Portfolio returns are gross of fees in USD.  All returns are to 31/12/2016.

IMPORTANT RISK DISCLOSURE STATEMENT

This material is provided for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security, product or service including any group trust or fund managed by KBI Global Investors.  The information contained herein does not set forth all of the risks associated with this strategy, and is qualified in its entirety by, and subject to, the information contained in other applicable disclosure documents relating to such a strategy.  KBI Global Investors’ investment products, like all investments, involve the risk of loss and may not be suitable for all investors, especially those who are unable to sustain a loss of their investment.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

This introductory material may not be reproduced or distributed, in whole or in part, without the express prior written consent of KBI Global Investors.  The information contained in this introductory material has not been filed with, reviewed by or approved by any regulatory authority or self-regulatory authority and recipients are advised to consult with their own independent advisors, including tax advisors, regarding the products and services described therein.  The views expressed are those of KBI Global Investors and should not be construed as investment advice.  We do not represent that this information is accurate or complete and it should not be relied upon as such.  Opinions expressed herein are subject to change without notice.  The products mentioned in this Document may not be eligible for sale in some states or countries, nor suitable for all types of investors.  Past performance may not be a reliable guide to future performance and the value of investments may fall as well as rise. Investments denominated in foreign currencies are subject to changes in exchange rates that may have an adverse effect on the value, price or income of the product.  Income generated from an investment may fluctuate in accordance with market conditions and taxation arrangements.  In some tables and charts, due to rounding, the sum of the individual components may not appear to be equal to the stated total(s).  Additional information will be provided upon request.  Performance for periods of more than 1 year is annualized. 

Information about indices is provided to allow for comparison of the performance of the Adviser to that of certain well-known and widely recognized indices.  There is no representation that such index is an appropriate benchmark for such comparison.  You cannot invest directly in an index, which also does not take into account trading commissions and costs.  The volatility of the indices may be materially different from that of the strategy.  In addition, the strategy’s holdings may differ substantially from the securities that comprise the indices shown.

USA Performance Disclaimer:

Gross results shown do not show the deduction of Adviser's fees.  A client’s actual return will be reduced by the advisory fees and any other expenses which may be incurred in the management of an investment advisory account.  See Part 2 of Adviser's Form ADV for a complete description of the investment advisory fees customarily charged by Adviser.  For example, a $1,000,000 investment with an assumed annual return of 5% with an advisory fee of 0.85% would accumulate $8,925 in fees during the first year, $48,444 in fees over five years and $107,690 in fees over ten years.  The performance results are that of a representative strategy which has been managed on a discretionary basis since its inception.  Performance returns for individual investors may differ due to the timing of investments, subsequent subscriptions/redemptions, share classes, fees and expenses.  Performance for periods of more than 1 year is annualized.  Investments denominated in foreign currencies are subject to changes in exchange rates that may have an adverse effect on the value, price and income of the product.  Income generated from an investment may fluctuate in accordance with market conditions and taxation arrangement.

PAST PERFORMANCE IS NOT A RELIABLE GUIDE TO FUTURE PERFORMANCE AND THE VALUE OF INVESTMENTS MAY GO DOWN AS WELL AS UP.

Stocks mentioned in this document may or may not be held in this strategy at this time.  Any projections, market outlooks or estimates in this document are forward-looking statements and are based upon certain assumptions.  Other events which were not taken into account may occur and may significantly affect the returns or performance of the strategy.  Any projections, outlooks or assumptions should not be construed to be indicative of the actual events which will occur.  Discussions of market conditions, market high/lows, objectives, strategies, styles, positions, and similar information set forth herein is specifically subject to change if market conditions change, or if KBIGI (North America) believes, in its discretion, that investors returns can better be achieved by such changes and/or modification.  Style descriptions, market movements over time and similar items are meant to be illustrative, and may not represent all market information over the period discussed.

Water Representative Strategy Performance Disclaimer:

Returns up to 09/30/07 are based on a Belgian Fund which followed the same strategy as the KBI Global Investors Water Strategy and was managed by KBIGI.  Returns from 10/01/07 are actual returns from the KBI Global Investors Water Strategy.

 

 

 

 


Thursday, 26th January 2017. 

Markets are still in a suspended reality until Brexit actually happens, says Noel O’Halloran, Chief Investment Officer at KBI Global Investors. He discussed the UK economy with Daybreak Europe’s Matt Miller and Caroline Hepker saying that consumer spending is key to propping up GDP growth. But O’Halloran also pointed out that reflation and a drop in business investment are the big unknowns for 2017 when it comes to the British economy.

Click here to listen to the interview

 

Dublin-based KBI Global Investors (formerly Kleinwort Benson Investors) is delighted to confirm that its Water, Energy Solutions and Agribusiness funds have been approved as compliant with the European SRI Transparency Code (http://www.eurosif.org/transparency-code). A pioneer investor in Natural Resources, offering a comprehensive suite of Strategies in this space and a standalone Water Strategy established as long ago as 2000, KBIGI is the first Irish fund manager to have investment strategies approved by Brussels-based Eurosif, the leading European association for the promotion and advancement of sustainable and responsible investment across Europe.

Rooted in the European Transparency Guidelines unveiled in 2004, the European SRI Transparency Code – first launched in May 2008 – seeks to increase the accountability and clarity of SRI practices for European investors.  Socially responsible investing – often referred to as ‘sustainable’, ‘socially conscious’, ‘green’ or ‘ethical’ investing – takes into consideration both the financial return on an investment as well as social good, to bring about a social change. The principle underpinning the Code is that asset manager signatories should be open and honest, and disclose accurate, adequate and timely information to enable stakeholders to understand the policies and practices of a given SRI fund.

The Code has been made a mandatory requirement by numerous national SRI labels or trade associations in Europe, and being a signatory to the Code is a prerequisite for SRI funds in both Belgium and France.

KBIGI is also a signatory of the United Nations Principles for Responsible Investment, members or signatories to the Carbon Disclosure Project, Global Impact Investing Network and UK Stewardship Code (Tier 1 status), and part of a network of investors which support and promote the long-term benefits of sustainable investment within the context of their individual investment processes and fiduciaries duties.  The firm’s flagship Global Equities suite has a strong ESG focus, with its breakout Global ESG Equity Strategy integrating Environmental, Social and Governance factors into its investment process – excluding holdings deemed inconsistent with its ESG guidelines, and maintaining a targeted overall ESG score as calculated by an independent external ESG rating provider.

Welcoming Eurosif’s announcement, Eoin Fahy, Head of Responsible Investing at KBIGI said, “We have always placed a great deal of emphasis on transparency, and have been part of a vanguard movement, building ESG criteria into our investment processes from an early stage. Openness and honesty are amongst the hygiene factors by which any manager can be judged, and we applaud Eurosif’s efforts in enabling stakeholders to better understand the policies and practices of an SRI fund. We welcome this news and will look to build on our achievements in this area with our Global Equity Strategies ESG funds.”

Journalists seeking further information and/or who wish to speak with KBI Global Investors should contact:

Gordon Puckey
Phoenix Financial PR
+44 7799 767 468
gordon@phoenixfinancialpr.co.uk

 

Disclaimer

KBI Global Investors Ltd is regulated by the Central Bank of Ireland and subject to limited regulation by the Financial Conduct Authority in the UK. Details about the extent of our regulation by the Financial Conduct Authority are available from us on request. KBI Global Investors (North America) Ltd is a registered investment adviser with the SEC and regulated by the Central Bank of Ireland. KBI Global Investors (North America) Ltd is a wholly-owned subsidiary of KBI Global Investors Ltd. ‘KBI Global Investors’ or ‘KBIGI’ refer to KBI Global Investors Ltd and KBI Global Investors (North America) Ltd.  

IMPORTANT RISK DISCLOSURE STATEMENT

This material is provided for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security, product or service including any group trust or fund managed by KBI Global Investors. The information contained herein does not set forth all the risks associated with this strategy, and is qualified in its entirety by, and subject to, the information contained in other applicable disclosure documents relating to such a strategy. KBI Global Investors’ investment products, like all investments, involve the risk of loss and may not be suitable for all investors, especially those who are unable to sustain a loss of their investment.  

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

This introductory material may not be reproduced or distributed, in whole or in part, without the express prior written consent of KBI Global Investors. The information contained in this introductory material has not been filed with, reviewed by or approved by any regulatory authority or self-regulatory authority and recipients are advised to consult with their own independent advisors, including tax advisors, regarding the products and services described therein. The views expressed are those of KBI Global Investors and should not be construed as investment advice. We do not represent that this information is accurate or complete and it should not be relied upon as such. Opinions expressed herein are subject to change without notice. The products mentioned in this Document may not be eligible for sale in some states or countries, nor suitable for all types of investors. Past performance may not be a reliable guide to future performance and the value of investments may fall as well as rise. Investments denominated in foreign currencies are subject to changes in exchange rates that may have an adverse effect on the value, price or income of the product. Income generated from an investment may fluctuate in accordance with market conditions and taxation arrangements. In some tables and charts, due to rounding, the sum of the individual components may not appear to be equal to the stated total(s). Additional information will be provided upon request.

 

Geoff Blake, Director, Head of Business Development and Client Services explains the ins and outs of KBIGI's recent tie-up with Amundi and the mutual benefits of the new ownership structure with Mark Battersby, Editor of International Adviser.

 

Click here to read the interview.    

 

 

 

 

KBI Global Investors Ltd is regulated by the Central Bank of Ireland and subject to limited regulation by the Financial Conduct Authority in the UK. Details about the extent of our regulation by the Financial Conduct Authority are available from KBI Global Investors on request. KBI Global Investors (North America) Ltd is a registered investment adviser with the SEC and regulated by the Central Bank of Ireland. KBI Global Investors (North America) Ltd is a wholly-owned subsidiary of KBI Global Investors Ltd. Form ADV Part 1 and Part 2 are available on request. ‘KBI Global Investors’ refers to KBI Global Investors Ltd and KBI Global Investors (North America) Ltd.   

 

 

(Bloomberg) December 2nd, 2016 -- The bull market that started in 2009 is entering a new phase, says Noel O’Halloran, CIO at KBI Global Investors. He told Daybreak Europe’s Caroline Hepker and Markus Karlsson that global equities are likely to do better in a more reflationary environment. He also spoke about political risks in Europe.

 

Please click here to listen to the interview  

 

The Financial Reporting Council this morning announced the results of its assessment of fund managers who signed up to the UK Stewardship Code – a corporate governance code developed by the UK regulator to ensure investment managers exercise good stewardship over the companies in which they invest.  The FRC has split those firms which have signed up to the Code into three levels, with Tier 1 being the strongest and Tier 3 the weakest.  Dublin-based KBI Global Investors (formerly Kleinwort Benson Investors), which was an early signatory to the Code, is delighted to confirm that it has been awarded Tier 1 status.

Welcoming the FRC’s announcement, Noel O’Halloran, Chief Investment Officer at KBI Global Investors (‘KBIGI’) said, “We believe that exercising Stewardship on behalf of investors is a key responsibility for investment managers – not an add-on, and still less an afterthought – and we very much welcome the FRC’s efforts to ensure investors can more easily assess how their investment manager exercises that responsibility.  We are of course delighted to have achieved Tier 1 status and will continue to build on our achievements in this area.”

KBIGI, which is also a signatory of the United Nations Principles for Responsible Investment (UNPRI) – and part of a network of investors which support and promote the long-term benefits of sustainable investment within the context of their individual investment processes and fiduciaries duties – is a pioneer in the Natural Resources space and was one of the first investment firms globally to launch separate Water and Energy Solutions strategies, its range now incorporating Agribusiness and Global Resource Solutions.  The firm’s flagship Global Equities suite has a strong ESG focus, with its breakout Global ESG Equity Strategy integrating Environmental, Social and Governance factors into its investment process - excluding holdings deemed inconsistent with its ESG guidelines, and maintaining a targeted overall ESG score as calculated by an independent external ESG rating provider.

– ENDS –

Journalists seeking further information and/or who wish to speak with KBI Global Investors should contact:

Gordon Puckey

Phoenix Financial PR

00 44 (0) 7799 767 468

gordon@phoenixfinancialpr.co.uk

 

 

KBI Global Investors Ltd is regulated by the Central Bank of Ireland and subject to limited regulation by the Financial Conduct Authority in the UK.  Details about the extent of our regulation by the Financial Conduct Authority are available from KBI Global Investors on request.  KBI Global Investors (North America) Ltd is a registered investment adviser with the SEC and regulated by the Central Bank of Ireland.  KBI Global Investors (North America) Ltd is a wholly-owned subsidiary of KBI Global Investors Ltd.  Form ADV Part 1 and Part 2 are available on request.  ‘KBI Global Investors’ refers to KBI Global Investors Ltd and KBI Global Investors (North America) Ltd.

 

News Release Wednesday 26th October 2016 

                             

 

 

 

 

 

KBIGI SNARES BILL LYNCH FOR US BUSINESS DEVELOPMENT ROLE

Dublin-based KBI Global Investors (formerly Kleinwort Benson Investors) is pleased to announce the appointment of William Lynch as Senior Vice President Business Development, North America.

Lynch, formerly a Partner and Head of Marketing and Client Service at New Amsterdam Partners LLC, has enjoyed a long career in institutional asset management, with earlier spells at Avatar Associates and Prudential Securities.  He is a CFA Charter holder and a member of both the New York Society of Security Analysts and the CFA Institute.

As a member of the KBIGI North American Business Development team, Lynch will work out of the Company’s office in Boston, Massachusetts – opened earlier this year to better service the Company’s growing North American client base, from the East Coast to the West Coast, and into Canada, where KBIGI has been awarded a number of sizeable mandates.

KBIGI has grown significantly in recent years, with its North American client assets alone growing from just under $1bn in December 2012 to no less than $4.3bn as of 30th September 2016 – and it is this growth that has underpinned the need for a fully-equipped Boston office and the evolution of the North American business development capability.  The Company has secured a number of prestigious North American mandates over the last two or three years from public funds, endowments and foundations – and a number of large sub-advisory relationships with the likes of Mercer and SEI.

Commenting on the appointment, Geoff Blake, Head of Business Development & Client Services at KBI Global Investors said, “We opened our new Boston office back in January to accommodate the growth we anticipate across our investment strategies, and which we expect to accelerate.  Bill’s appointment means that we now have three Business Development Managers based at our Boston Place offices, underlining our long-term commitment to the North American market, our growth to date and our expectations for the future.  Bill has a tremendous track record in gathering assets, and we look forward to working with him as we embark on a new phase of growth.”

– ENDS –

Journalists seeking further information and/or who wish to speak with KBI Global Investors should contact:

Gordon Puckey

Phoenix Financial PR

00 44 (0) 7799 767 468

gordon@phoenixfinancialpr.co.uk

NOTES TO EDITORS

About KBI Global Investors (‘KBIGI’)

KBI Global Investors is a specialist equity manager, offering a range of Global Equities and Natural Resources strategies.  Established in 1980, KBIGI has been managing assets for institutional clients for more than 35 years – public and corporate pension schemes, sub-advisory investors, foundations and endowments, wealth managers, private banks and investment intermediaries included.  The firm enjoys an increasingly global client base, and holds mandates in the UK, Europe, North America and Asia.  Part of the Amundi Group, KBIGI is headquartered in Dublin, with sales offices in both New York and Boston.

Originally focused only on the Irish market, managing predominantly domestic balanced mandates, KBIGI is today a specialist institutional asset management boutique.

The firm enjoys significant coverage across the global institutional consultant community, continues to manage pension fund assets for some of Ireland’s largest and best-known corporations, and offers investment services on both a segregated and unitised basis.

KBIGI’s highly experienced management teams manage some €8.6bn at 30th September 2016*.  The firm boasts an excellent track record for consistent risk-adjusted investment performance over the longer term, and has seen its assets under management grow by on average 28% per annum between 2011 and 2015.

The firm is headed by CEO, Sean Hawkshaw, and has a headcount of approximately 60 people, with the KBIGI management team and a number of key employees holding 12.5% of the equity in KBI Global Investors.

* This is the combined AUM of KBI Global Investors Ltd and KBI Global Investors (North America) Ltd as at 30th September 2016.

www.kbiglobalinvestors.com

KBI Global Investors Ltd is regulated by the Central Bank of Ireland and subject to limited regulation by the Financial Conduct Authority in the UK.  Details about the extent of our regulation by the Financial Conduct Authority are available from KBI Global Investors on request.  KBI Global Investors (North America) Ltd is a registered investment adviser with the SEC and regulated by the Central Bank of Ireland.  KBI Global Investors (North America) Ltd is a wholly-owned subsidiary of KBI Global Investors Ltd.  Form ADV Part 1 and Part 2 are available on request. ‘KBI Global Investors’ refers to KBI Global Investors Ltd and KBI Global Investors (North America) Ltd.

For a man just about to formally conclude and announce
both the biggest deal of his life and a full rebrand of his
company, Sean Hawkshaw, chief executive at KBI Global
Investors, appeared recently to be in a pretty relaxed mood, as Gary Robinson from International Investment found out. 

Click here to read full interview  

   

 

 

 

 

Amundi becomes the major shareholder of KBI 
following the acquisition from Oddo & Cie

 

London, 31st August 2016 – As announced on 23rd May 2016, Amundi has today finalised the acquisition from Oddo & Cie of Kleinwort Benson Investors (“KBI”). KBI now becomes part of the Amundi group which takes a majority shareholding of 87.5% with the KBI management team acquiring the remaining 12.5%.

In light of the acquisition, KBI will now trade as KBI Global Investors ("KBIGI"), a brand that underlines the rich heritage of the company and identifies it clearly in international markets.

KBI Global Investors is a fast-growing fund management firm specializing in equity capabilities. Based in Dublin (Ireland), with offices in Boston and New York, it employs 62 people. Its highly experienced management teams manage 8.1 billion euros of assets at 31st July 2016*, mainly in global equity strategies. KBI Global Investors recorded excellent performance in recent years, and dynamic growth in assets under management: up 28% on average per year between 2011 and 2015.

Amundi and KBI Global Investors are highly complementary in terms of products and geographical focus: KBI Global Investors’ expertise in global equities will significantly strengthen Amundi’s equity management offering; in return, KBI Global Investors will leverage Amundi’s strong retail and institutional presence in Europe, Asia and the Middle East.

Yves Perrier, Chief Executive Officer of Amundi, commented, “We are delighted to welcome the KBI Global Investors team to the Amundi Group. This acquisition is part of our strategy to offer the most effective investment solutions to our retail and institutional clients. KBI Global Investors will also significantly strengthen our offering in the equity asset class.”

Sean Hawkshaw, Chief Executive Officer of KBI Global Investors, adds, "As part of the Amundi group we have the ideal platform from which to grow. We are deeply grateful to our clients, to our friends in the consulting community, and of course our employees, for their unwavering support over the past six months. Our assets under management have increased over this period, with additional flows from our existing clients as well as some significant new mandates; that has given us a great deal of encouragement."

* This is the combined AUM of KBI Global Investors Ltd and KBI Global Investors (North America) Ltd as at 31st July 2016.

About Amundi

Amundi is the No.1 European Asset Manager and in the Top 10 worldwide1 with AUM of more than €1 trillion worldwide2. Located at the heart of the main investment regions in more than 30 countries, Amundi offers a comprehensive range of products covering all asset classes and major currencies. Amundi has developed savings solutions to meet the needs of more than 100 million retail clients worldwide and designs innovative, high-performing products for institutional clients which are tailored specifically to their requirements and risk profile. The Group contributes to funding the economy by orienting savings towards company development.

Amundi has become a leading European player in asset management, recognised for:

  • Product performance and transparency;
  • Quality of client relationships based on a long-term advisory approach;
  • Efficiency in its organisation and teams’ promise to serving its clients;
  • Commitment to sustainable development and socially responsible investment policies.

1. No.1 European asset manager based on global assets under Management (AUM) and the main headquarters being based in Europe- Source IPE “Top 400 asset managers” published in June 2015 and based on AUM as at December 2014.

2. Amundi Group figures as of 30 June 2016

www.amundi.com

Amundi: Société Anonyme au capital de 418 113 092,50 euros – 314 222 902 RCS Paris
Siège social : 91-93, boulevard Pasteur - 75015 Paris – France
Tel. : +33 1 76 33 30 30

About KBI Global Investors ("KBIGI")

KBI Global Investors is a specialist equity manager headquartered in Dublin, Ireland with sales offices in New York and Boston. KBI Global Investors was formed in 1980 and has been managing assets, predominantly global equities for institutional clients for over 35 years. KBI Global Investors has a global client base with mandates in the UK, Europe, North America and Asia.

www.kbiglobalinvestors.com

KBI Global Investors Ltd is regulated by the Central Bank of Ireland and subject to limited regulation by the Financial Conduct Authority in the UK. Details about the extent of our regulation by the Financial Conduct Authority are available from KBI Global Investors on request. KBI Global Investors (North America) Ltd is a registered investment adviser with the SEC and regulated by the Central Bank of Ireland. KBI Global Investors (North America) Ltd is a wholly-owned subsidiary of KBI Global Investors Ltd. Form ADV Part 1 and Part 2 are available on request. ‘KBI Global Investors’ refers to KBI Global Investors Ltd and KBI Global Investors (North America) Ltd.

Press Contacts:

For KBI Global Investors

Phoenix Financial PR
Gordon Puckey
T : +44 (0) 7799 767 468
gordon@phoenixfinancialpr.co.uk

For Amundi

Maitland
James McFarlane
T: +44 20 7379 5151
jmcfarlane@maitland.co.uk

Amundi
Natacha Sharp
T: +33 1 76 37 86 05
natacha.sharp@amundi.com

 


 

 

Hawkshaw: Bullish on Equities, Cautious on Europe

The equity sector is currently experiencing short-term weakness, presenting a strong buying opportunity says Sean Hawkshaw, CEO of KBI Global Investors, who reckons the current bull market has a few more years to go. Conversely, KBI Global Investors remains bearish on bonds, Hawkshaw told First Word Europe’s Nejra Cehic. Hawkshaw also expressed caution on the European economy in the light of Brexit uncertainty.

To listen to the interview please click here

 


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