Sademetsää

OP-Low-carbon World

Equity market returns and a clearly lower carbon footprint
1

Low carbon footprint gives competitive edge

This fund excludes fossil fuel-dependent companies that have a high carbon footprint or large reserves of fossil fuels. Even if regulation on carbon dioxide emissions were to be tightened, this fund ensures competitive returns.

2

The fund for those seeking a low-carbon investment alternative

The goal of OP-Low-carbon World is a carbon footprint less than half of the footprint of a widely diversified global equity index.*

3

Equity market returns through socially responsible investing

This fund is suited to customers who wish to diversify their investments on the global equity markets at a low carbon footprint.

Carbon neutral goals becoming more common – dependence on fossil fuels may be a risk

To curb climate change, global climate goals have been set to minimise the use of fossil fuels and to decrease greenhouse gas emissions by changing legislation and taxation. These changes mean that investing in companies whose activities result in high greenhouse gas emissions or that own fossil fuel reserves may become financially unattractive.

OP-Low-carbon World avoids investing in companies whose production-related emissions are high in proportion to their net sales or whose fossil fuel reserves are large in proportion to their market value. This fund seeks diversified equity market returns while keeping the carbon footprint at less than half that of a widely diversified global equity index.**

Why does it pay to invest in OP-Low-carbon World?

  • You ensure competitive returns even if regulation of carbon dioxide emissions were to be tightened.
  • This fund invests in global equity markets, so it is suited to investors seeking high returns.
  • The goal of OP-Low-carbon World is a carbon footprint less than half the size of that of a widely diversified global equity index. So, by investing in this fund you choose a low carbon footprint investment product that is well diversified and covers all sectors.

We recommend the OP-Low-carbon World fund primarily to investors who intend to redeem their units after six years at the earliest. As our owner-customer, you can buy, sell and switch OP-Low-carbon World fund units at no charge.

OP-Low-carbon World

Online fees and charges

Subscription fee Annual management fee Redemption fee
0,75 % 1,80 % 0,75 %

Agreements under a systematic investment plan are not subject to subscription fees. Fund units generate OP bonuses.

*Portfolio’s carbon footprint: This portfolio’s carbon footprint is calculated as the weighted average of carbon intensity of the included companies. The carbon footprint takes into account the companies’ scope 1 and scope 2 greenhouse gas emissions (tonnes) in proportion to the companies’ net sales (USD million). Scope 1 emissions include direct emissions resulting from the company’s own activities. Scope 2 emissions include emissions resulting from the generation of electricity and heat purchased by the company.

**Widely diversified global equity index: MSCI All World index.

Read the portfolio manager's review on the fund's Finnish pages.

OP-Low-carbon World is an equity fund which invests its assets broadly in the global equity market. In its investments, the fund pays special attention to sustainable development from the perspective of greenhouse gases and fossil reserves.

The fund may invest in emerging and developed equity markets, and in all sectors of the economy without any sector restriction. Within sectors, however, the fund does not invest in companies that rank low in sector comparison from the perspective of climate change, judged by the company's greenhouse gas emissions relative to its sales, or the size of its fossil reserves.

The fund therefore selects companies that are more attractively positioned when legislation or market mechanisms encourage reducing greenhouse gas emissions.

The Fund's investments are mainly based on direct equity investments. In its investment operations, the Fund may use derivative instruments in order to hedge against the risk of adverse market movements, to replace direct investments and to promote otherwise effective portfolio management.

The Fund's market exposure may vary between a minimum of 75% and a maximum of 100% of the Fund’s value being invested in equity markets. The equity weighting typically varies between 90 and100%.

The Fund’s benchmark index is MSCI ACWI Low Carbon Leaders Net USD. With active investing, the Fund seeks to outperform its benchmark index in the long term. The Fund mainly takes notable active risk and it may differ significantly from the composition, weights and risk level of the benchmark index.

Read more about fund’s responsibility on the fund’s Finnish pages.

More details Basic data, performance and fact figures

Basic data

Fund manager
Jukka Ukkonen, Tero Halme
Benchmark index
MSCI Acwi Low Carbon Leaders Net USD
Start date
22.04.2015
ISIN
FI4000148226
fund serie
Accumulation unit
Fund size
122 Meur
Serie value (28.09.)
113,94 EUR
Monthly review
Download
Rules
Download
Brochure
Download

Accumulated profit (25.09)

1mth 3mth 6mth 1 y 3 y p.a. 5 y p.a.
OP-Low-carbon World A -2,03 % +1,03 % +22,11 % -1,61 % +3,55 % +5,37 %
Benchmark - - - - - -

Yearly performance

2015 2016 2017 2018 2019 YTD
OP-Low-carbon World A -7,63 % +7,00 % +7,54 % -9,22 % +24,02 % -4,79 %
Benchmark - - - - - -

Key figures

Volatility 12 m vola 12m Sharpe 12 m
OP-Low-carbon World A 27,20 % -0,04
Benchmark index - -

Owner-customer benefits

  • As an owner-customer you can sell, buy and trade nearly all our mutual funds (savers’ funds, socially responsible funds, and equity and bond funds) without fees.
  • As an owner-customer, you can also invest in funds by saving through insurance. OP Unit-linked Insurance and OP Savings Agreement are insurance savings products intended for owner-customers that offer an effortless and flexible means for long-term saving. Switching between investment instruments and transferring funds to insurance savings is free of charge.
  • Owner-customers have automatic access to the second fee level on the stock brokerage fee list, in which the brokerage fee is 0.17% (min. 7 euros), while the fee at the first fee level is 0.2% (min. 9 euros).

OP bonuses

In addition to OP bonuses earned through saving and investment, owner-customer earn bonuses from

  • loans
  • funds in accounts
  • purchases you have paid with the OP-Visa credit
  • insurance premiums for home, family and motor vehicle policies.

From 1 November 2020, OP bonuses will accrue from:

  • home loans, secured bank loans, student loans
  • savings and investment accounts
  • mutual fund units and unit-linked insurance
  • non-life insurance bills

The change on 1 November 2020 means that no OP bonuses will accrue from:

  • deposits in current accounts
  • unsecured consumer loans (Flexible Consumer Credit, Special Consumer Credit, One-off Credit and Overdraft Facility)
  • OP hire purchase
  • Purchases paid using OP Visa as a credit card, the balance of credit with interest of OP-Visa and OP-Mastercard cards

OP bonuses are used for the bank’s service charges and insurance premiums.

 

OP Fund Management Company Ltd manages OP mutual funds.