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Troy Asset Management Limited

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

投資ポリシー

SG 01. RI policy and coverage

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

01.1. 責任投資アプローチをカバーする投資ポリシーを策定しているかどうかを明示してください。

01.2. ポリシーの構成要素/種類と対象範囲を示してください。

当てはまるものをすべて選択してください。
ポリシーの構成要素/種類
AUMの対象範囲

01.3. 投資ポリシーが以下のどの項目をカバーしているか明示して下さい:

その他の説明 (1) Conflicts resulting from RI activity

01.4. 組織の投資原則および全体の投資戦略、受託者義務(または同等のもの)の解釈、ならびに、ESGファクターおよび実体経済の影響をどのように考慮に入れているかについて説明してください。

Troy's Investment Philosophy and Strategy:

Our aim is to protect investors’ capital and to increase its value year on year. We believe that those who have money should concentrate on not losing it and therefore we focus on absolute rather than relative returns.

Our approach is conservative, with attention always paid to the downside risk of any investment. Only once we are satisfied that we understand the risk to which we are exposing our investors capital do we analyse the potential rewards of the investment. We consider that risk is not about underperforming a particular benchmark, but rather is defined by a permanent loss of an investor’s capital. We judge the safety and attractiveness of asset classes and stocks not just relative to each other, but also relative to their own histories.

Finally, we adopt a long-term, long-only approach running concentrated portfolios with low turnover.

Troy's long-term and risk averse investment style means the integration of ESG factors and the principles of responsible investment are a natural fit with our investment philosophy and strategy as we seek to further improve the financial performance of our investments as well as promote sustainable capital markets and reduce systemic risks.

01.5. 責任投資アプローチをカバーする組織の投資ポリシーの重要な構成要素、バリエーション、例外事項を簡潔に説明してください。[任意]

Troy’s policy on Responsible Investment has a particular focus on the fundamental integration of environmental, social and governance factors into Troy’s research process, Troy’s confirmation of its support for the principles of to the Stewardship code, the firm’s policy on engagement and on (proxy) voting, and Troy’s status as a signatory to the UN Principles for Responsible Investment.

The policy also references Troy's standalone policy on conflicts of interest.

Troy’s Responsible Investment policy covers all assets managed by Troy Asset Management and is rooted in our long investment horizon and focus on capital preservation.

The policy was implemented in 2017 and is intended to be broad enough to capture all assets managed by Troy Asset Management.

The policy has been approved by Troy’s executive committee and is reviewed on an annual basis.

The sole exception is the screening and exclusions policy which only currently applies to the assets managed within the Trojan Ethical Income Fund and Trojan Ethical Fund.

01.6. 補足情報 [任意]

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

この指標には新しい設問が追加されています。事前に入力されている回答を精査してください。

02.1. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

02.2. 一般に入手できる組織の投資ポリシー文書を記載してください。その文書のURLを記入し、該当文書を添付してください。

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

URL/添付ファイル

02.3. 補足情報 [任意]


SG 03. Conflicts of interest

03.1. 組織として、投資プロセスにおける潜在的な利益相反を管理するポリシーを策定しているかどうかについて明示して下さい。

03.2. 投資プロセスにおける潜在的な利益相反を管理するポリシーについて説明してください。

Troy has a Conflicts of Interest policy, with which all employees are expected to be familiar.  Within the conflicts of interest framework is a Conflicts of Interest Register which identifies conflicts and sets out the management arrangements aimed at mitigating those respective conflicts.  The first portion of this register deals with Trading and Investment Conflicts and makes explicit reference to the potential conflicts surrounding engagement and proxy voting.  The policy and register are updated at least annually.

03.3. 補足情報 [任意]


SG 04. Identifying incidents occurring within portfolios (Private)


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