MCSE Profile
Martin Currie Sustainable International Equity ETF (MCSE) maintains a concentrated portfolio of 20 to 40 non-U.S. equities, selected from companies of varying market capitalizations. The fund is designed to invest across at least three countries and may include a range of equity-related instruments such as depositary receipts, preferred stocks, convertibles, and other ETFs. This diversified approach allows for broader exposure to international markets while adhering to specific investment criteria.
The ETF employs a proprietary analytical framework to evaluate and assign risk ratings based on various Environmental, Social, and Governance (ESG) factors. Companies with high-risk ratings are systematically excluded from the portfolio. Additionally, the fund screens out firms with significant involvement in industries deemed unsustainable or controversial, including tobacco, weapons, fossil fuels, and mining, as well as those classified under metals and mining-related industries according to the Global Industry Classification Standard (GICS).
MCSE focuses on investing in reasonably valued companies that exhibit a strong history or significant potential for high and sustainable returns. This emphasis on quality and long-term potential is informed by the advisers' in-depth evaluation of each company's future growth prospects. The fund's strategy is centered on making long-term capital commitments to investments that align with its sustainability criteria and financial goals.
On October 31, 2022, MCSE transitioned from a mutual fund to an actively managed ETF structure, starting with $30 million in net assets. This conversion reflects a strategic shift to leverage the benefits of the ETF format, such as greater liquidity and flexibility, while continuing to focus on sustainable investment practices and international equity opportunities.
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