MILLTRUST INTERNATIONAL
 

MILLTRUST SUSTAINABLE
INVESTMENTS

Sustainability is a key priority for us a Milltrust and nowhere is this truer than in the realms of climate change where the imperative to tackle global warming through the adoption of new and sustainable technologies has become critical.

Our Funds & Strategies

Investment Premise

It’s the final call to save the world from climate catastrophe, say scientists. This is the starkest warning yet on the risks of rising global temperatures.

The Intergovernmental Panel on Climate Change (IPCC), the UN body responsible for assessing the science related to climate change, outlines the importance of limiting global warming to 1.5°C above pre-industrial levels, or risk significant and dangerous changes to our world.

Whilst the challenges are high, keeping warming below 1.5°C by the end of the century is still feasible according to widely acknowledged scientific literature and the IPCC. However, with every decade lost, these challenges rise and will, at some point, become insurmountable with warming locked into 2°C and above.

The Time to Act is Now

STRATEGY

The Climate Impact Asia Fund is launching in 2Q 2019 in partnership with Environmental Investment Services Asia Limited (the investment manager), Milltrust International (the investment adviser and EU-regulated platform provider), and the World Wide Fund for Nature (WWF) in Hong Kong (the environmental consultant).

The Climate Impact Asia Fund is a long-only, liquid, equity impact fund, regulated by the Central Bank of Ireland, which seeks to achieve consistent long-term, high alpha returns, backing companies that provide a positive impact with respect to the global threat of climate change.

The Fund invests primarily in companies in Asia (principally China, Hong Kong, Taiwan, India, South Korea, Thailand, Malaysia, Indonesia, Vietnam, Singapore, the Philippines, Japan,) Australia and New Zealand with exposure to the low carbon environmental goods and services sector.

The Fund incorporates environmental, social and governance (ESG) investment criteria as well as the IFC’s Operating Principles for Impact Management within its investment process. The investment manager places particular emphasis on well-managed companies in Asia with significant exposure to the environmental sector and the development of the regional low carbon economy, and which contribute a favourable impact to the climate.

In addition to the climate impact objectives of the Fund, up to 40% of the Fund’s management fees will be donated to WWF in Hong Kong to directly support its conservation projects in Asia whose mission is to stop the degradation of our planet’s natural environment and build a future in which people can live in harmony with nature.

Key Sectors

Investment Manager

Environmental Investment Services Asia Limited (EISAL) is the investment manager of the Climate Impact Asia fund. EISAL is part of listed Somerley Capital Holdings Limited (8439 HK), and is a specialist green investment adviser focusing on the Asian low carbon environmental goods and services equity sector.

EISAL was co-founded by Jeremy Higgs and Keith Olson in 2009 and is Hong Kong’s only independent environmental investment management company. The firm is licensed by HK SFC for Asset Management (Type 9) and Advising on Securities (Type 4). Through management fees from the Green Dragon Fund, EISAL has donated over US$1.4 million to registered charities and NGOs, active in environmental conservation and education in Asia.

EISAL is a Founding Member of the Hong Kong Green Finance Association, chaired by Dr.Ma Jun, Special Advisor on Sustainable Finance to the Governor of the People’s Bank of China.

Environmental Consultant

The World Wide Fund for Nature (WWF) is one of the world’s largest conservation organisations. It was conceived on the 29th of April 1961 and opened its first office in the Swiss town of Morges. The organisation has offices in more than 80 countries around the world and employs over 6,200 full-time staff.  Over the 50 years since it was founded, WWF has invested around US$11.5 billion in more than 13,000 projects.

WWF’s mission is to stop the degradation of the planet’s natural environment and to build a future in which humans live in harmony with nature by conserving the world’s biological diversity, ensuring that the use of renewable,  natural resources is sustainable, and promoting the reduction of pollution and wasteful consumption.

In 1981, WWF established an office in Hong Kong, known as The World Wide Fund for Nature – Hong Kong (WWF- Hong Kong). Its key program areas of focus are Water & Wetlands, Oceans, Climate & Energy, Wildlife, Biodiversity & Sustainability, and Community Engagement & Education.

WWF – Hong Kong serves as the environmental consultant to Milltrust International LLP (the investment adviser) for the Climate Impact Asia Fund, and is a member of the Investment Advisory Committee (IAC). A key role of the IAC consists in monitoring the portfolio to ensure the suitability of investee companies in the context of WWF’s climate policies, which include encouraging the introduction of transitional alternative energy in developing countries. 

Fund Terms

Fund profile

Platform:Milltrust International Managed Investments ICAV
Investment Manager:Environmental Investment Services Asia Limited
Investment Advisor:Milltrust International LLP
Environmental Consultant:World Wide Fund for Nature Hong Kong
Structure:Open-ended Investment Company
Strategy:Long biased Asian equities with focus on Climate Impact investments
Domicile:Dublin, Ireland
Inception Date:2Q 2019
Currency:USD
Share Classes:Class (A), Class (B)
Min. Initial Investment:USD 1m (A), USD 125,000 (B)
Management Fee:1.25% (A), 1.75% (B)
Performance Fee:None
Dealing Frequency:Monthly
Notice Period:10 business days
Soft Lockup:5% charge < 6 Months
Penalty:None > 6 Months
ISIN Code:tbc
Bloomberg Code:tbc
Investor Types:For Professional and Accredited Investors Only
Registered for Distribution in:tbc

Service Providers

Administrator:MUFG Alternative Fund Services (Ireland) Ltd.
Custodian:Mitsubishi UFJ Investor Services & Banking (Luxembourg) S.A.
Auditor:KPMG
Legal:William Fry

Core-Power

Core-Power Interview

Business

CORE-POWER is spearheading the development of the world’s first 2-fuel Thorium powered marine engines through an exclusive and perpetual license for technology developed by its US partners and the National Labs in the US. The game-changing technology offers safe and sustainable power with zero climate gas emissions and has a $1 billion revenue potential at just 5% market penetration. The market potential is $1 trillion plus. This new Thorium technology is also set to reduce the energy costs of commercial shipping by 5x (compared to fossil fuels) over the lifetime of a vessel (20 years) at a time when environmental regulations will mandate shipping to cut emissions and ‘de-carbonize’ propulsion. Thorium is the Super-fuel of the future for global shipping.

Can Thorium End our Energy Crisis?

CONTACTS

Milltrust International LLP

6 Stratton Street
London W1J 8LD
United Kingdom
Tel: +44 (0)20 8123 8369
Email: info@milltrust.com