SUMMARY
The MSCI World Index was down -0.4% in September amidst continued growth fears at the beginning of the month, although the US Federal Reserve’s subsequent 0.5% interest rate cut helped markets recover some ground. Healthcare was one of the worst performing sectors, and the Fund’s overweight to the sector led to relative underperformance.
Did you know that carbon offsetting projects sit on a wide spectrum from high-quality to low-quality? In this month’s commentary, Katie Woodhouse evaluates carbon offsetting and discusses the potential pitfalls of low-quality carbon offsetting which can undermine its effectiveness.
Join Associate Fund Manager Claire Jervis for a webinar update, where she will discuss the Fund’s current portfolio holdings, the factors influencing recent performance, and some of the market variables the investment team is considering moving forward. Register here.