With great power comes great responsibility
Duty of ownership working group paper
The Duty of Ownership working group wished this paper to include high-level principles and beliefs that cover the substantive issues below. With the aim to provide guidance to assist organisations in their sustainable investing policies and practices in a way that can easily be socialised and the knowledge easily transferred:…
Fundamental return attribution
Separating returns due to short-term noise from intrinsic portfolio growth
This paper describes a new attribution and monitoring framework that separates a portfolio’s returns into three main components. Returns arising from changes in market sentiment (multiple return), the growth of the portfolio’s fundamental characteristics (growth return) and the change in those fundamental characteristics due to changes in the portfolio’s holdings…
