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Corporate Social Responsibility
News
6.12.2006 - 01:30pm ET
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Green Investment Pioneer, Winslow Management, LLC, Selected as Subadvisor of Jupiter Green Investment Trust
Winslow Management Company, LLC, an investment adviosry firm and a leader in environmentally responsible, small-cap growth investing, today announced it has been named subadviosr for the Jupiter Green Investment Trust
(CSRwire) Boston, MA - Winslow Management Company, LLC, an investment advisory
firm and a leader in environmentally responsible, small-cap growth
investing, today announced it has been named subadvisor for the Jupiter
Green Investment Trust, a closed-end fund that was recently launched by
Jupiter Asset Management, a leader in socially responsible investing in
Europe and the UK. The fund trades under the ticker symbol (JGC) on the
London Stock Exchange.
Winslow Management will manage the trust's North American assets -- which
are expected to initially account for approximately 30 percent of the
total portfolio -- as part of the fund's overall strategy in developing a
global portfolio of companies focused on environmental solutions. The
strategy for the Jupiter fund is quite different than many traditional
socially responsible or "SRI" strategies, in that it will not use negative
screening (where a company's activities are compared against a list of
negative practices), but instead will focus its investments within six
critical "green" sectors: water management, clean energy, green transport,
waste management, sustainable living and environmental services.
Winslow's partnership with Jupiter on this fund is an extension of a
long-standing relationship between the two firms. Charlie Thomas of
Jupiter serves as the fund's lead manager, while Matt Patsky of Winslow is
the manager for Winslow's subadvised portion of the fund.
Winslow attributes a great deal of its success to its thorough research
methods that integrate environmental and financial analysis, with an
emphasis on businesses and markets that are poised for rapid growth. The
firm specializes in small-cap growth investing, and prides itself on
original research that seeks to identify untapped shareholder value in
capital markets that are often inefficiently priced.
Winslow is the investment adviser for the Winslow Green Growth Fund
(WGGFX), a U.S. domiciled open-end fund. For the period ended 4/30/06,
the fund achieved a four-star Morningstar Rating overall among 651
small growth funds. (The Overall Morningstar Rating for the fund is
derived from a weighted average of the risk-adjusted performance figures
associated with its three- and five-year Morningstar Rating Metrics.) For
the period ended March 31, 2006, the fund's average annual returns for the
one-year, five-year, and ten-year periods were 46.36%, 16.72% and 21.59%,
respectively. (Performance data quoted represents past performance and is
no guarantee of future results. Current performance may be lower or higher
than the performance data quoted. Investment return and principal value
will fluctuate so than an investor's shares, when redeemed, may be worth
more or less than original cost. For the most recent month-end
performance, please visit the Fund's website at www.wggf.com. Shares redeemed or exchanged
within 90 days of purchase will be charged a 2.00% redemption fee subject
to limited exceptions.)
Winslow is passionate about its green investment philosophy and committed
to investing in companies that are environmentally responsible or that are
creating environmental solutions.
"We're thrilled to be working with Jupiter in launching this fund," said
Jack Robinson, founder and president of Winslow. "An increasing number of
companies are now realizing that the global environmental challenges we
face provide opportunities in the form of new products or markets"
From Al Gore's new documentary on global warming to Vanity Fair's widely
acclaimed "green issue," the environment is rapidly becoming a dominant
issue on the agenda of both the public and private sectors. Winslow
believes this recent focus reflects a growing public recognition of green
investment opportunities that have existed for some time.
"We've seen the success of the organic food industry for quite some time,
and more recently we've seen rapid acceleration in the alternative energy
sector," said Patsky. "We think there is enormous potential for green
companies going forward."
Winslow Management Company, LLC, headquartered in Boston, MA is an
SEC-registered investment advisory firm that specializes in
environmentally responsible, small-cap growth investing. With more than
$400 million in assets under management for individuals and institutions,
Winslow has been a pioneer in the field of green investing since 1983.
For more information about Winslow, please call 1-866-804-5414, or visit
www.winslowgreen.com.
London based Jupiter Asset Management has been running Socially
Responsible Investment funds for over 18 years. The nine-strong SRI team,
headed by Emma Howard Boyd, researches and manages over £400m in SRI and
green portfolios. Jupiter aims to deliver long-term performance through
investing in companies that show positive growth supported by trends in
environmental and social policies and regulations. For more information
on Jupiter's SRI team please call +44 207 314 7600 or visit http://www.jupiteronline.co.uk.
For Use as a Press Release Only
This press release is not an offer or a solicitation to purchase any
investment products not available outside of the United States. In
connection with the Winslow Green Growth Fund, before investing you should
carefully consider the Fund's investment objectives, risks, charges and
expenses. This and other information is in the prospectus, a copy of
which may be obtained by calling (888) 314-9049 or visiting the Fund's
website. Please read the prospectus carefully before you invest.
The Winslow Green Growth Fund invests in small- and medium-sized
companies. Investments in these companies involve greater risks, such as
limited product lines, markets and financial or managerial resources.
Foreside Fund Services, LLC is the distributor for the Winslow Green
Growth Fund.
The Fund's return assumes the reinvestment of dividend and capital gain
distributions. For the periods reported, some of the Fund's fees were
waived or expenses reimbursed; otherwise, total return would have been
lower. Prior to April 1, 2001, the Adviser managed a common trust fund
with an investment objective and investment policies that were, in all
material respects, equivalent to those of the Fund. The Fund's
performance for periods before April 1, 2001 is that of the common trust
fund and reflects the expenses of the common trust fund. If the common
trust fund's performance had been readjusted to reflect the estimated
expenses of the Fund for its first fiscal year, the performance would have
been lower. The common trust fund was not registered under the Investment
Company Act of 1940 ("1940 Act") and was not subject to certain investment
limitations, diversification requirements, and other restrictions imposed
by the 1940 Act and t he Internal Revenue Code, which, if applicable, may
have adversely affected its performance.
For each fund with at least a three-year history, Morningstar calculates a
Morningstar RatingTM based on a Morningstar Risk- Adjusted Return measure
that accounts for variation in a fund's monthly performance (including the
effects of sales charges, loads, and redemption fees), placing more
emphasis on downward variations and rewarding consistent performance. The
top 10% of funds in each category receive 5 stars, the next 22.5% receive 4
stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the
bottom 10% receive 1 star. (Each share class is counted as a fraction of
one fund within this scale and rated separately, which may cause slight
variation in the distribution percentages.) For the period ending 4/30/06
the Fund was rated against the following numbers of U.S-domiciled small
growth funds over the following time periods: 651 funds in the last three
years and 515 funds in the last five years. With respect to these small
growth funds, the Fund receiv!
ed a Morningstar Rating of five stars and three stars for the three- and
five-year periods, respectively. 2006 Morningstar, Inc. All Rights
Reserved. The information herein: (1) is proprietary to Morningstar
and/or its content providers; (2) may not be copied or distributed; and
(3) is not warranted to be accurate, complete or timely. Neither
Morningstar nor its content providers are responsible for any damages or
losses arising from any use of this information.
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