20 years of sustainable investing and what this tells us about the future - Flipbook - Page 5
Discrete performance
To previous 12 months ending (%)
Dec-20
Dec-19
Dec-18
Dec-17
Dec-16
5.3
30.2
-6.7
20.7
8.0
MSCI UK
-13.2
16.4
-8.8
11.7
19.2
IA UK All Companies
-6.0
22.2
-11.2
14.0
10.8
Dec-20
Dec-19
Dec-18
Dec-17
Dec-16
Liontrust Sustainable Future European Growth 2 Acc
24.3
25.9
-14.8
19.8
16.0
MSCI Europe ex UK
7.5
20.0
-9.9
15.8
18.6
IA Europe Excluding UK
10.3
20.3
-12.2
17.3
16.4
Dec-20
Dec-19
Dec-18
Dec-17
Dec-16
Liontrust Sustainable Future Managed 2 Inc
21.3
24.7
-0.5
16.1
11.8
IA Mixed Investment 40-85% Shares
5.3
15.8
-6.1
10.0
12.9
Dec-20
Dec-19
Dec-18
Dec-17
Dec-16
Liontrust Sustainable Future Global Growth 2 Acc
32.3
29.4
1.3
18.8
17.3
MSCI World
12.3
22.7
-3.0
11.8
28.2
IA Global
15.3
21.9
-5.7
14.0
23.3
Dec-20
Dec-19
Dec-18
Dec-17
Dec-16
Liontrust Sustainable Future Managed Growth 2 Acc
33.2
26.4
1.1
18.1
15.0
IA Flexible Investment
6.7
15.7
-6.7
11.2
13.8
Dec-20
Dec-19
Dec-18
Dec-17
Dec-16
Liontrust Sustainable Future Corporate Bond 2 Inc
7.0
11.8
-3.6
7.2
10.5
iBoxx Sterling Corporate All Maturities
8.6
11.0
-2.2
5.0
11.8
IA Sterling Corporate Bond
7.8
9.5
-2.2
5.1
9.1
Liontrust Sustainable Future UK Growth 2 Acc
To previous 12 months ending (%)
To previous 12 months ending (%)
To previous 12 months ending (%)
To previous 12 months ending (%)
To previous 12 months ending (%)
Past performance is not a guide to future performance. Source: FE Analytics, as at 31.12.20, primary share classes, total return, net of
fees, income and interest reinvested.
These returns have not been smooth, however. The early years, in the
wake of the dot.com bust, saw headwinds favouring more defensive
sectors like tobacco, after which we had the commodity super-cycle,
when mining and oil companies came to the fore; obviously, none of
these sectors are favoured areas for sustainable investment.
We also made mistakes along the way, backing carbon trading,
the first European solar boom, and various biotech companies that
failed in their trials. Mostly, however, we got our calls right, investing
in companies that were successful because they were helping to
make our world cleaner, healthier and safer. A few examples include
the fact we have provided capital to companies decarbonising
electricity generation, developing innovative vaccines and cancer
treatments, building up our communication infrastructure and making
our roads safer. We also avoided the worst corporate disasters such
as Enron, BP Macondo and VW Dieselgate.
Over the years, we have continued to evolve and improve our
approach, seeing more consistent outperformance over the last
decade. Overall, however, going back to that initial quote from Clare
Brook, 20 years of the SF funds shows there is a positive story to tell
about the performance that this kind of investment can deliver. Not
only has this been good for our clients, it has also clearly demonstrated
that integrating sustainability into stock selection can enhance returns.
2005
Kyoto Protocol
into force as
binding document and the term
also coined in a landmark study
Who Cares Wins.
comes
legally
ESG is
entitled
Liontrust: 20 Years of Sustainable Investing - 5
