Triodos Sustainable Equity Fund
During 2014, the total net assets of Triodos Sustainable Equity Fund grew from EUR 273.9 million to EUR 405.1 million. During this period, the fund (Z-Dis) achieved a return of 17.2% (including reinvestment of dividends), while the benchmark rose 20.1%.
The fund’s underperformance relative to the benchmark was mainly attributable to the overweight of European equities in the portfolio. Most European equity markets fared worse than many of their US and Asian counterparts, especially when taking into account the depreciation of the euro relative to the major other currencies.
Evolution of returns Triodos Sustainable Equity Fund
* The Z-share classes have a limited history. Historic returns are based on the similar R-share classes, which have an identical investment policy. Figures of the R-share classes are the historic returns of Triodos Meerwaardefonds N.V., which merged into Triodos SICAV I on June 28, 2010.
** Triodos Sustainable Equity Fund compares its return and the sustainability scores of the companies that it invests in with the MSCI World Index as a benchmark for (non-sustainable) global equity funds. The investment policy that is pursued by the fund is not aimed at replicating or outperforming the benchmark in the short term. The fund may deviate from the benchmark because the fund only invests in companies that meet our strict sustainability criteria.