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Yolanda Courtines
- Equity Portfolio Manager
United Kingdom, Professional
Change
This is a marketing communication. Please refer to the Fund Prospectus and KIID and / or offering documents before making any final investment decisions. Please refer to the risks section and the *sustainability-related disclosures at the bottom of this page.
Why invest?
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The Fund’s role in your client’s portfolio
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What are stewards?
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Why Wellington?
The Fund’s role in your client’s portfolio
Core equity allocation, with minimal style, regional or sector biases.
Downside mitigation potential, by investing in high-quality, established industry leaders.
ESG or sustainability allocation, focusing on companies that are managing their social and environmental impact.
What are stewards?
To us, good “stewards” comprise high-quality, established industry leaders with secure competitive positions, and long track records of strong returns on capital. These companies will also have superior board and management teams that can take a long-term view and effectively balance stakeholder interests, which we believe is key to generating attractive risk-adjusted returns.
We commonly refer to these interests as the three P’s:
Invest in people
Prioritising talent and culture, promoting diversity equity and inclusion, improving customer satisfaction, and taking accountability for the supply chain.
Positively impact the planet
Adapting and investing in the energy transition, reducing environmental footprint, contributing to a circular economy, and being a vital partner to the local community.
Build sustainable profit
Allocating capital wisely, investing in innovation, running the business with a long-term vision, and ensuring shareholders are compensated over the long term.
Why Wellington?
Long-term horizon
Rather than timing the market or predicting macro data points, we look to invest in high-quality, market-leading companies with strong management teams. We aim to hold these stocks for over 10 years, as we believe that such companies can navigate volatility and deliver greater returns from superior stewardship, regardless of any externalities.
Differentiated approach1
We select 35-45 stocks that meet our high standards for financial performance and stewardship – we don’t rely on third-party data or prescriptive screening.
Active engagement
With a concentrated and low-turnover portfolio2, we aim to engage with each company’s management team or board every year. We believe regular conversations are key to better understanding each company and exerting our influence on their long-term success.
1The characteristics presented are sought during the portfolio management process. Actual experience may not reflect all of these characteristics, or may be outside of stated ranges. | 2The Fund is expected to have a low turnover, expected holdings periods are an estimate, cannot be guaranteed and may change.
The fund in 60 seconds
The Wellington Global Stewards Fund is actively managed and seeks to deliver long-term total returns in excess of the MSCI All Country World Index by investing in the equities of companies that operate globally, that generate high return on capital relative to their peers and whose management teams and boards display superior stewardship to sustain those returns over time.
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Samuel Cox
- Equity Portfolio Manager
How stewardship can bring perspective amid uncertainty
Portfolio Managers Yolanda Courtines, Sam Cox, Investment Director Alex Davis and Investment Specialist Fred Owens-Powell examine how a stewardship perspective can help equity investors uncover opportunity amid uncertainty.
Investment examples
Deere
A US-based manufacturer and distributor of equipment used in agriculture, construction, forestry and turf care.
ServiceNow
A US-based global software company that automates and documents the work done by the IT, HR, Legal and Finance teams at large corporations.
explore our investment solutions
In a new era of volatility, we still see reasons for cautious optimism. Below is a selection of funds aimed at showing how you can potentially achieve your financial goals through a balance of targeted approaches across fixed income and equities.
Wellington Credit Total Return Fund
Owning credit when we feel there is value, seeking safety in Treasuries and cash when valuations appear stretched.
wellington enduring infrastructure assets fund
Access to infrastructure companies that are tapping into long-term secular growth trends.
Contact us
- Managing Director and Head of UK and Irish Distribution
- Portfolio Advisor
- Porfolio Advisor
- Relationship Analyst
- Relationship Analyst
- Relationship Analyst
Consider the risks
Investors should consider the risks that may impact their capital, before investing. The value of your investment may fluctuate from the time of the original investment. Please refer to the risks section below. A decision to invest should take account of all the characteristics and objectives described in the Fund offering documents. Please refer to the sustainability-related disclosures for information on the commitments of the portfolio: www.wellington.com/en/legal/sfdr.
Investment risks
Capital: Investment markets are subject to economic, regulatory, market sentiment and political risks. All investors should consider the risks that may impact their capital, before investing. The value of your investment may become worth more or less than at the time of the original investment. The Fund may experience a high volatility from time to time. | Concentration: Concentration of investments within securities, sectors or industries, or geographical regions may impact performance. | Currency: The value of the Fund may be affected by changes in currency exchange rates. Unhedged currency risk may subject the Fund to significant volatility. | Emerging Markets: Emerging markets may be subject to custodial and political risks, and volatility. Investment in foreign currency entails exchange risks. | Equities: Investments may be volatile and may fluctuate according to market conditions, the performance of individual companies and that of the broader equity market. | Hedging: Any hedging strategy using derivatives may not achieve a perfect hedge. | Sustainability: An environmental, social or governance event or condition that, if it occurs, could cause an actual or potential material negative impact on the value of an investment.
Please refer to the fund prospectus and KIID for a full list of risk factors and pre-investment disclosures.