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TT International

PRI reporting framework 2018

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, and how they consider ESG factors and real economy impact.

ESG considerations are incorporated into our investment decision-making process at the stock selection stage as a mandatory part of writing an Investment Case and, where possible, assessed for the potential financial impact on the investment. Typically, ESG analysis will source information from a variety of sources, including (but not limited to) the company itself, specialist research providers, brokers and academics. We will utilise internationally recognised benchmarks, codes and standards as guidelines for corporate best practice within our ESG company analysis, but we are pragmatic in our recognition that no “one” model of ESG management can apply to a company, and that each company has to be considered in respect of the industry and markets in which it operates. Our ESG integrated approach is relevant across all the asset classes, sectors and markets in which we invest.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

At TT, we believe that high standards of corporate responsibility will generally make good business sense and have the potential to protect and enhance long-term investment returns. Consequently, our investment process integrates ESG considerations from the inception of each new stock idea. The investment philosophy targets companies that have persistently demonstrated high quality and repeatable returns. This also provides a natural bias towards those with better standards of ESG.

Although ESG considerations have always been integrated within the process, the firm and team continually consider improvements to the ESG process. In late 2016, for example, a discussion of ESG issues became mandatory in each Investment Case written on a stock. Also, an ESG ‘scorecard’ was developed to quantitatively score each holding according to 14 metrics. Although our approach to ESG is not driven by quantitative analysis, this does help to highlight where a company may fall short (or may simply not publish data) on a particular issue and therefore which topics require further fundamental analysis on.


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

URL/Attachment

File Attachment

URL/Attachment

File Attachment

02.3. Indicate if your organisation’s investment principles, and overall investment strategy is publicly available

02.4. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

TT is required to identify conflicts of interest that might arise between TT, the funds it manages, its clients, and between a client and another client, and to manage these conflicts fairly in accordance with FCA Principle 8.

TT’s Conflicts of Interest Policy is appropriate for its size and organisation and the nature, scale and complexity of its business. 

Compliance identifies, maintains and regularly reviews a record of the types of activities undertaken by or on behalf of TT in which a conflict of interest arises to assess whether the controls effectively meet regulatory requirements and expectations.

A written report is prepared on a quartlerly basis for the Partners Operating Group (“POG”) on activities which have or will give rise to a conflict of interest which entails a material risk or damage to the interests to one or more of the funds or its investors.

If conflict management procedures are not sufficient to ensure, with reasonable confidence, that risks of damage to client interests will be prevented, TT must clearly disclose the general nature and/or sources of the conflict to the client before undertaking any business for the client, or else refrain from the activity entirely.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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