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Aberdeen Standard Investments launches UK Equity impact proposition

01. 02. 2018

Aberdeen Standard Investments, the global investment manager, has announced the launch of the UK Equity Impact – Employment Opportunities Fund*, in collaboration with Big Issue Invest, the social investment arm of The Big Issue. The Fund will be managed by Lesley Duncan, Investment Director, Aberdeen Standard Investments.

The aim of the Fund is to generate a financial return over the long term by investing in companies which promote and implement good employment opportunities and practices. Generally companies will have more than 50% of their employees in the UK. The Fund Manager will identify companies for their potential to grow and sustain strong long-term financial returns and then they will be assessed to determine if they are committed to delivering sustainable employment opportunites. Creating good employment opportunities is one of the most significant benefits business brings to society and human capital management has moved to centre stage in corporate strategy. Investment in skills and attracting talent has become a basis for competitiveness, productivity and growth.

The impact criteria will typically include companies paying above average wage rates, being located in deprived areas, offering training opportunities and/or employing young people with the majority of those being in the UK.

Lesley Duncan, Fund Manager, Aberdeen Standard Investments, said:

“The strategy of the UK Equity Impact – Employment Opportunities Fund is designed to meet the dual objectives of strong financial returns, while supporting good employment opportunities and practices. By investing in quoted UK companies the Fund seeks to harness equity-market returns while also helping to direct significant capital in support of the UN Sustainable Development Goal 8 – full and productive employment. A special job assessment framework underpins the investment process, guiding portfolio selection and helping the Fund meet its impact objectives, thereby helping to address inequalities in the UK.

“Good employment is fundamental to all aspects of personal and social wellbeing. The Fund offers investors a clearly defined means of investing in companies demonstrating best practice within human capital management, while seeking to deliver a competitive financial return over the longer term.”

Commenting on the collaboration, Nigel Kershaw OBE, Chair The Big Issue Group, said:

“The collaboration with Aberdeen Standard Investments will help Big Issue Invest advance its mission to dismantle poverty and create opportunity for people and communities across the UK. A percentage of the Fund’s manangement fee will go to The Big Issue Group, enabling the organisation to deliver this mission by continuing to finance social enterprises and charities offering business solutions to social problems, across sectors including employment and training, health and well-being and financial and social inclusion. To date Big Issue Invest has invested in over 350 such organisations, including a recent investment in Mental Health and Employment Partnerships which is an innovative Social Impact Bond dedicated to helping people with profound mental health issues to secure work.”

The Fund will be actively managed, allowing analysts and the manager to engage with the companies, questioning their ability to deliver financial returns as well as ensuring that the identified employment impact remains a significant part of the strategy and aims.

The Good Economy Partnership, a social advisory and data analytics firm specialising in measuring social impacts, has been commissioned by Big Issue Invest to help develop the rigorous impact assessment framework that is being applied across the Fund’s investment universe.

While the focus of the Fund is on employment opportunities, the manager of the Fund will be mindful when investing in companies whose activities, products and services may not be deemed to be aligned to, or are incongruous with, the other United Nations Sustainable Development Goals.

* The Fund is an OEIC managed by Standard Life Investments

Ends


Notes to editors – Aberdeen Standard Investments

  • Aberdeen Standard Investments is a leading global asset manager dedicated to creating long-term value for our clients, and is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments.
  • With over 1,000 investment professionals we manage £569.7 billion* of assets worldwide. We have clients in 80 countries supported by 50 relationship offices. This ensures we are close to our clients and the markets in which they invest.
  • We are high-conviction; long-term investors who believe teamwork and collaboration are the key to delivering repeatable, superior investment performance. We are resolute in our commitment to active asset management.
  • Aberdeen Standard Investments is the asset management business of Standard Life Aberdeen plc, one of the world’s largest investment companies.
  • Standard Life Aberdeen plc is headquartered in Scotland. It has around 1.2 million shareholders and is listed on the London Stock Exchange. The Standard Life Aberdeen group was formed by the merger of Standard Life plc and Aberdeen Asset Management PLC on 14 August 2017.

*as of 30 September 2017

Notes to editors – Big Issue Invest

  • Big Issue Invest (BII) is the social investment arm of The Big Issue Group. We extend the mission of The Big Issue by providing investment to social enterprises and charities seeking to dismantle poverty and create opportunity for people across the UK.
  • BII invests between £20K and £3 million in organisations seeking repayable financing options, helping them to scale up and maximise their social impact.
  • Our vision is to create a “social merchant bank” - by social entrepreneurs, for social entrepreneurs, and our main areas of focus are employment and training, financial and social inclusion, health and well-being, education, tackling homelessness and community driven development.
  • Since 2005, we have made more than 350 investments and we currently manage or advise on more than £170 million worth of social funds.
  • BII pays any dividends generated by our investments to our parent company, The Big Issue.
  • Big Issue Invest is also helping to pave the way for 3.4 million social housing tenants to potentially improve their credit files, by partnering with Experian on The Rental Exchange.

www.bigissueinvest.com

Notes to editors – The Good Economy

The Good Economy (TGE) is a social advisory firm focused on the role of business and finance in building a Good Economy: an economy that works for everyone. TGE provides research, strategy consultancy and impact measurement and management services to a broad range of clients, including government, leading asset managers, private equity investors, specialist impact investors, large and small businesses and social enterprises. Highly respected for its intellectually robust and innovative work on the design of impact investment products and impact assessment methodologies, TGE works at the forefront of financial innovation as a driver of inclusive and sustainable development.

www.thegoodeconomy.co.uk

Important Information
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Aberdeen Standard Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments.
The details contained here are for information purposes only and should not be considered as an offer, investment recommendation, or solicitation to deal in any investments or funds and does not constitute investment research, investment recommendation or investment advice in any jurisdiction. Any research or analysis used to derive, or in relation to, the above information has been procured by us for our own use, without taking into account the investment objectives, financial situation or particular needs of any specific investor, and may have been acted on for own purpose. No warranty is given as to the accuracy, adequacy or completeness of the information contained in this communication and no liability for errors or omissions in such information. Readers must make assessments to the relevance, accuracy and adequacy of the information contained in this communication and make such independent investigations, as they may consider necessary or appropriate for the purpose of such assessments. Any opinion or estimate contained in this communication are made on a general basis. No information contained herein constitutes investment, tax, legal or any other advice, or an invitation to apply for securities in any jurisdiction where such an offer or invitation is unlawful, or in which the person making such an offer is not qualified to do so.

This communication is available for distribution by the following Aberdeen Asset Management affiliates:
In the United States, Aberdeen Standard Investments is the marketing name for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Ltd, Aberdeen Asset Management Ltd, Aberdeen Asset Management Asia Ltd and Aberdeen Capital Management, LLC.
Aberdeen Standard Investments is the marketing name in Canada for the following affiliated registered entities: Aberdeen Asset Management Inc., Aberdeen Fund Distributors, LLC, and Aberdeen Asset Management Canada Limited. Aberdeen Asset Management Inc. is registered as a Portfolio Manager in the Canadian provinces of Ontario, New Brunswick, and Nova Scotia and as an Investment Fund Manager in the provinces of Ontario, Quebec, and Newfoundland and Labrador. Aberdeen Asset Management Canada Limited is registered as a Portfolio Manager in the province of Ontario. Aberdeen Fund Distributors, LLC, operates as an Exempt Market Dealer in all provinces and territories of Canada.
Aberdeen Standard Investments is the marketing name in Brazil for Aberdeen Asset Management Inc. and Aberdeen do Brasil Gestão de Recursos Ltda. Aberdeen do Brasil Gestão de Recursos Ltda. is an entity duly registered with CVM as an investment manager.
United Kingdom, Norway and EU Countries by Aberdeen Asset Managers Limited. Authorised and regulated by the Financial Conduct Authority in the United Kingdom. Registered Office: 10 Queen’s Terrace, Aberdeen AB10 1YG. Registered in Scotland No. 108419.
Switzerland by Aberdeen Asset Managers Switzerland AG (AAMS). Registered in Switzerland No. CH-020.3.033.962-7. Registered Office: Schweizergasse 14, 8001 Zurich. Authorised by the Swiss Financial Market Supervisory Authority (FINMA).
Abu Dhabi Global Market (“ADGM”) by Aberdeen Asset Middle East Limited. Regulated by the ADGM Financial Services Regulatory Authority. Aberdeen Asset Middle East Limited, Al Sila Tower, 24th Floor, Abu Dhabi Global Market Square, Al Maryah Island, PO Box 5100737, Abu Dhabi, United Arab Emirates.
Singapore by Aberdeen Asset Management Asia Limited, Registration Number 199105448E.
Hong Kong by Aberdeen International Fund Managers Limited. This document has not been reviewed by the Securities and Futures Commission.
The People’s Republic of China (“PRC”) by Aberdeen Asset Management (Shanghai) Co., Ltd in the PRC only.
Australia and New Zealand by Aberdeen Asset Management Limited ABN 59 002 123 364, AFSL No. 240263. In New Zealand to wholesale investors only as defined in the Financial Markets Conduct Act 2013 (New Zealand).
Malaysia by Aberdeen Asset Management Sdn Bhd, Company Number: 690313-D and Aberdeen Islamic Asset Management Sdn Bhd, Company Number: 827342-W.
Thailand by Aberdeen Asset Management Company Limited.
Japan by Aberdeen Investment Management K.K.
Taiwan by Aberdeen International Securities Investment Consulting Company Ltd (101Jin-Guan-Tou-Gu-Xin-Zi-Di No.33), which is operated independently, 8F, No.101, Songren Rd., Taipei City, Taiwan, Republic of China Tel: +886 2 87224500.

Standard Life Investments companies:
Standard Life Investments Limited is registered in Scotland (SC123321) at 1 George Street, Edinburgh EH2 2LL. Standard Life Investments Limited is authorised and regulated in the UK by the Financial Conduct Authority.
Standard Life Investments (Hong Kong) Limited is licensed with and regulated by the Securities and Futures Commission in Hong Kong and is a wholly-owned subsidiary of Standard Life Investments Limited.
Standard Life Investments Limited (ABN 36 142 665 227) is incorporated in Scotland (No. SC123321) and is exempt from the requirement to hold an Australian financial services licence under paragraph 911A(2)(l) of the Corporations Act 2001 (Cth) (the ‘Act’) in respect of the provision of financial services as defined in Schedule A of the relief instrument no.10/0264 dated 9 April 2010 issued to Standard Life Investments Limited by the Australian Securities and Investments Commission. These financial services are provided only to wholesale clients as defined in subsection 761G(7) of the Act. Standard Life Investments Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority under the laws of the United Kingdom, which differ from Australian laws.
Standard Life Investments Limited, a company registered in Ireland (904256) 90 St Stephen’s Green Dublin 2, is authorised and regulated in the UK by the Financial Conduct Authority.
Standard Life Investments (USA) Limited is registered as an Exempt Market Dealer with the Ontario Securities Commission and as an Investment Adviser with the US Securities and Exchange Commission. Standard Life Investments (Corporate Funds) Limited is registered as an Investment Adviser with the US Securities and Exchange Commission.
Standard Life Investments (Japan) Limited, registered to Head of Kanto Local Financial Bureau (financial instrument business 2913) is licensed with and regulated by the Financial Services Agency in Japan, and is an association member of Japan Investment Advisers Association, and is a wholly-owned subsidiary of Standard Life Investments Limited.
Standard Life Investments (Singapore) Pte. Ltd is regulated by the Monetary Authority of Singapore and licensed under the Securities and Futures Act (License No.: CMS100581-1), and is a wholly-owned subsidiary of Standard Life Investments Limited.

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