Triodos Sustainable Equity Fund
During 2015, the total net assets of Triodos Sustainable Equity Fund grew from EUR 405.1 million to EUR 534.2 million. During this period, the sub-fund (R-Dis) achieved a return of 15.6% (including reinvestment of dividends), while the benchmark rose 10.2%.
The sub-fund’s outperformance was mainly due to its overweight position in strong performing sectors such as cyclical consumer goods and healthcare. The positive impact of the absence of traditional energy companies in the portfolio was reinforced by the share price rises for solar cell and wind turbine manufacturers (included in the IT and Capital Goods sectors). The stock selection within the consumer staples sector had a negative impact on the sub-fund’s performance, owing to the overweight position in the modestly performing organic food sub-sector.
Evolution of returns Triodos Sustainable Equity Fund
* Figures given for the R-share classes are the historical returns of Triodos Meerwaardefonds N.V., which merged into Triodos SICAV I on June 28, 2010.
** Triodos Sustainable Equity Fund aims to achieve returns that are in line with the market. The sub-fund compares its return and the sustainability scores (environment, social and governance) of the companies that it invests in with the MSCI World Index (in euros) as a benchmark for (non-sustainable) global equity funds. This is a generally accepted index for worldwide diversified equity funds. The investment policy that is pursued by Triodos Sustainable Equity Fund is not aimed at replicating or outperforming the benchmark in the short term. The sub-fund may deviate from the benchmark because the sub-fund only invests in companies that meet the sub-fund’s strict sustainability criteria. We believe that in the longer term sustainable investments offer more stable and higher returns than non-sustainable investments. We therefore tend to invest in companies on the basis of a long-term investment horizon.