The HSBC Investments has reported that its sustainable responsible investment life fund, which is its quantitative specialist Sinopia, has posted a 52.45% gain, net of fees, over three-years, to end August 2007.
The three-year net annualized performance of the fund equates to 15.09%, compared to 13.12% from the MSCI World Index. The sustainable responsible investment screening process provided by Innovest Strategic Advisers and Sinopia’s active quant process, called MERIT have helped the fund to perform well.
The HSBC Global SRI Life fund has enjoyed interest from defined contribution plans and fund platforms due to the appeal of the SRI criteria, along with demonstrated strong performance from a global equity portfolio.
Simon Blanch, manager of institutional pooled pensions at HSBC Investments in the UK, said: This performance shows that it is possible for investors to benefit financially, with the peace of mind that their money is invested in a sustainable and responsible manner. This also dispels the myth that there is necessarily an opportunity cost associated with SRI investment.