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AUM 31.03.2025
Figures are representative and are used here for illustrative purposes only.
The Polar Capital Smart Energy Strategy invests in companies at the forefront of the global transition towards a cleaner, more efficient, and sustainable energy future.
The Strategy is founded on the belief that, with the world faced with an urgent need to decarbonise, demand for smart energy solutions will rise exponentially. This has the potential to deliver significant opportunities over the long-term as innovative companies enable this transition to a decarbonised future.
Economies must envision and empower an energy future that is smart, sustainable, and secure to bring CO2 emissions under control and limit the effects of global warming. We seek to invest in the innovative companies helping to enable this transition, a long-term investment opportunity against the backdrop of global efforts to decarbonise.
As we move towards a decarbonised energy future that is smart, sustainable, and secure, the Polar Capital Smart Energy Strategy seeks long-term investment themes emerging around the provision of clean, electric and efficient energy solutions globally. Smart integration across all of these areas will help to achieve decarbonisation at the lowest possible costs.
Envisioning a low-carbon future is not enough; there needs to be definitive action to limit the effects of global warming. Cleaner, smarter, and more efficient energy solutions will provide key routes towards rapid decarbonisation.
That is why the Polar Capital Smart Energy Strategy seeks to identify and invest in the enablers of this energy revolution. The Polar Capital Smart Energy Strategy has sustainability embedded into its very core, empowering change, and transition through its investments.
From identifying the initial proprietary universe through to portfolio construction, monitoring, and engagement; sustainability is a core factor integrated into every stage of the investment process.
Risks:
Important Information: This website is provided for the sole use of the intended recipient and is not a financial promotion. The Polar Capital Smart Energy Strategy (the “Strategy”) is a Strategy of Polar Capital Funds plc which is authorised by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. 352/2011), as amended. This website does not seek to make any recommendation to buy or sell any particular security (including shares in the Strategy) or to adopt any specific investment strategy. This website does not contain information material to an investor’s decision to invest in the Strategy. Shares in the Strategy are offered only on the basis of information contained in the prospectus, key investor information document (“KIID”), and the latest annual audited accounts. Copies are available free of charge from Polar Capital at the below address or on www.polarcapitalfunds.com. The KIID is available in Danish, Dutch, English, French, German, Italian, Norwegian, Spanish and Swedish. The prospectus is available in English.
Third-party Data: Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital. Neither Polar Capital nor any other party involved in or related to compiling, computing or creating the data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any data contained herein.
Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.
Benchmark: The Strategy is actively managed and uses the MSCI ACWI Net TR Index as a performance target. The benchmark has been chosen as it is generally considered to be representative of the investment universe in which the Strategy invests. The performance of the Strategy is likely to differ from the performance of the benchmark as the holdings, weightings and asset allocation will be different. Investors should carefully consider these differences when making comparisons. Further information about the benchmark can be found at http://www.msci.com/. The benchmark is provided by an administrator on the European Securities and Markets Authority (ESMA) register of benchmarks which includes details of all authorised, registered, recognised and endorsed EU and third country benchmark administrators together with their national competent authorities.
Performance: The performance shown has been calculated to account for the deduction of fees and expenses and includes the reinvestment of dividends and capital gain distributions. £ or GBP/US$/JPY/EUR/CHF = Currency abbreviations of: British Pound sterling/US Dollar/Japanese Yen/Euro/Swiss Franc, respectively.
Risk: Factors affecting Strategy performance may include changes in market conditions (including currency risk) and interest rates, as well as other economic, political, or financial developments. The Strategy’s investment policy allows for it to enter into derivatives contracts. Leverage may be generated through the use of such financial instruments and investors must be aware that the use of derivatives may expose the Strategy to greater risks, including, but not limited to, unanticipated market developments and risks of illiquidity, and is not suitable for all investors. Past performance is not a guide to or indicative of future results. Future returns are not guaranteed and a loss of principal may occur.
Country Specific Disclaimers: When considering an investment into the Strategy, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP nor Polar Capital Funds plc shall be liable for, and accept no liability for, the use or misuse of this document.
Statements/Opinions/Views: All opinions and estimates constitute the best judgment of Polar Capital as of the date hereof, but are subject to change without notice, and do not necessarily represent the views of Polar Capital. This material does not constitute legal or accounting advice; readers should contact their legal and accounting professionals for such information. All sources are Polar Capital unless otherwise stated.
The Strategy's investment objective is to provide long term capital growth. The Strategy seeks to achieve its objective by investing in a portfolio of companies worldwide that provide technological solutions and services targeting the decarbonisation of the global energy sector.
The Investment Manager’s investment philosophy is based on their conviction that sustainable companies providing highly competitive technologies and solutions to the transformation and decarbonisation of the global energy sector towards a lower carbon emission footprint will deliver sustainable shareholder value in the long term, outperforming their peers.
The Polar Capital Smart Energy Strategy follows a structured and disciplined investment process, integrating material sustainability factors in each step of the investment process. The objective is to generate superior returns by investing in attractively valued companies compared to their long-term earnings potential whilst minimising the risk factors linked to unsustainable business practices. The stock selection is a result of a thorough fundamental analysis including material sustainability factors, taking into account additional factors like sub-cluster attractiveness as well as valuation discrepancies compared to consensus views. The overall result is a high conviction portfolio of companies addressing different sub-segments of the overall investment theme value chain, offering at the same time a high level of diversification.
Thiemo is Head of the Sustainable Thematic Equity Team and Senior Portfolio Manager of the Polar Capital Smart Energy and Smart Mobility strategies. Before joining Polar Capital in September 2021, Thiemo was the Head of Thematic Investing Energy/Mobility/Materials of Robeco Switzerland Ltd, Zurich, being the lead manager of the RobecoSAM Smart Energy and the Smart Mobility strategies. Prior to joining Robeco in 2007, Thiemo was Senior Portfolio Manager at Lombard Odier Darier Hentsch & Cie of the Infology Fund, where he was in charge of the sub-sectors semiconductors and “new technologies”. Thiemo began his investment career at his previous job at Activest/HypoVereinsbank, Munich in 1999. Being promoted to Portfolio Manager in 2002, he held the performance responsibility for the “Activest Lux NanoTech” fund. Before moving to the financial industry, Thiemo worked at Siemens as a development engineer. Thiemo holds a PhD from the Grenoble Institute of Technology in Optics/Photonics, and an engineering degree (Diploma of Electronics) from the University of Stuttgart.
Thomas Guennegues joined Polar Capital in September 2021 as a Senior Analyst on the Polar Capital Smart Energy and Polar Capital Smart Mobility strategies. As an analyst Thomas has more than ten years of experience in the area of thematic investing. Before joining Polar Capital, Thomas was an Equity Analyst from 2010 within Robeco's thematic product range dedicated to the RobecoSAM Smart Energy and Smart Mobility strategies. In his position, he covered companies active in the areas of renewables, electric equipment and e-mobility. The integration of ESG criteria in the fundamental analysis was an integral part. Thomas gained practical technical experience during his employment at PSA Peugeot Citroën as a Fluid Dynamics Engineering Consultant and as a visiting scholar at Stanford University. Thomas holds an Engineering degree and a Master's degree in Fluid Mechanics from the University ISAE-SUPAERO. He is a CFA Charterholder.
Guenther Hollfelder joined Polar Capital in September 2021 as a Senior Analyst on the Polar Capital Smart Energy and Polar Capital Smart Mobility strategies. Guenther has more than 20 years of experience as an equity analyst covering the technology sector. From January 2019 to August 2021 he worked as a buy-side analyst at Robeco in Zurich dedicated to the RobecoSAM Smart Energy and Smart Mobility strategies. Previously, Guenther was a sell-side equity analyst at Baader-Helvea (2012-2018) and HypoVereinsbank (2001-2009) in Munich and Head of the Semiconductor & Technology Hardware research team at UniCredit in London (2009-2012). Before this Guenther has worked as a trainee for two years at Infineon Technologies in Munich and Cupertino, CA. He holds a MSc from Montpellier Business School in France and a Diploma in Business (elective in information systems & applied computer sciences) from the University of Bamberg in Germany. Guenther is a CFA Charterholder.
Junwei joined Polar Capital in September 2021 as a Senior Analyst on the Polar Capital Smart Energy and Polar Capital Smart Mobility strategies. Prior to joining Polar Capital, Junwei was the lead portfolio manager of the RobecoSAM Global Gender Equality Impact Equities Fund and the deputy portfolio manager of the RobecoSAM Global SDG (Sustainable Development Goals) Equities Fund where she focused on companies whose businesses and products contribute positively to environmental and social objectives. Before being promoted to the portfolio manager role, Junwei was a senior equity analyst covering thematic research and the lead analyst for the RobecoSAM Sustainable Equities Water Fund where she was responsible for companies that provide technology and solutions to the water value chain and the environmental protection sector. She has spent more than 12 years in the area of sustainable investing, of which the integration of material ESG criteria in the valuation of companies and active ownership were an integral part. Prior to joining Robeco Switzerland Ltd, Zurich, in 2010, Junwei held various portfolio management roles at EFG International and Wegelin & Co. Junwei holds a Bachelor’s degree in Business, major in Banking & Finance from Nanyang Technological University in Singapore and is a Certified International Investment Analyst (CIIA).
Stefanie Rath joined Polar Capital in October 2021 as a Product Specialist. Before joining Polar Capital, Stefanie was a Client Portfolio Manager responsible for Robeco’s thematic and impact equity strategies. As such, she served as the interface between portfolio managers, global sales representatives and various other stakeholders. Consequently, she was the direct point of contact for various kinds of product related queries. Among other tasks her job included daily interactions with wholesale and institutional clients to provide them with timely portfolio updates, taking the latest market developments into account and participation in webinars and roadshows. Before she joined Robeco Switzerland Ltd, Zurich, in 2019 she was employed at Goldman Sachs Asset Management as a member of the Third Party Distribution Team. Her career in the investment industry started in 2013 when Stefanie joined the wealth management department at Raiffeisen Capital in Vienna. Stefanie holds a Master's degree in Finance from Grenoble Ecole de Management (London campus) and a Bachelor's degree from the University of Denver.
Risks:
Important Information: This website is provided for the sole use of the intended recipient and is not a financial promotion. The Polar Capital Smart Energy Strategy (the “Strategy”) is a Strategy of Polar Capital Funds plc which is authorised by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. 352/2011), as amended. This website does not seek to make any recommendation to buy or sell any particular security (including shares in the Strategy) or to adopt any specific investment strategy. This website does not contain information material to an investor’s decision to invest in the Strategy. Shares in the Strategy are offered only on the basis of information contained in the prospectus, key investor information document (“KIID”), and the latest annual audited accounts. Copies are available free of charge from Polar Capital at the below address or on www.polarcapitalfunds.com. The KIID is available in Danish, Dutch, English, French, German, Italian, Norwegian, Spanish and Swedish. The prospectus is available in English.
Third-party Data: Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital. Neither Polar Capital nor any other party involved in or related to compiling, computing or creating the data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any data contained herein.
Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.
Benchmark: The Strategy is actively managed and uses the MSCI ACWI Net TR Index as a performance target. The benchmark has been chosen as it is generally considered to be representative of the investment universe in which the Strategy invests. The performance of the Strategy is likely to differ from the performance of the benchmark as the holdings, weightings and asset allocation will be different. Investors should carefully consider these differences when making comparisons. Further information about the benchmark can be found at http://www.msci.com/. The benchmark is provided by an administrator on the European Securities and Markets Authority (ESMA) register of benchmarks which includes details of all authorised, registered, recognised and endorsed EU and third country benchmark administrators together with their national competent authorities.
Country Specific Disclaimers: When considering an investment into the Strategy, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP nor Polar Capital Funds plc shall be liable for, and accept no liability for, the use or misuse of this document.
Sustainability factors are fully integrated throughout the whole investment process, from identifying the initial universe through to portfolio construction, monitoring, and engagement.
Core to our belief is that sustainable companies with solid business fundamentals have a long-term competitive edge. We seek exposure to the entirety of the smart energy value chain, from clean power generation to energy transmission, distribution and storage, providing investors with comprehensive access to this long-term investment theme.
The Strategy's initial investment universe is subject to the following two exclusion criteria. Stock ideas which do not pass either of these are unsuitable for investment, and are not considered any further for inclusion into the portfolio.
A specific thematic exclusion criteria ensures that, in line with the Strategy’s sustainable investment objective, the portfolio cannot invest in companies with revenue exposure to fossil-fuel or nuclear-powered utilities, or companies involved in the exploration, production and distribution of oil, natural gas or first generation biofuels.
The second exclusion focuses on eliminating companies involved in controversial behaviours or controversial products from the Strategy’s investment universe. This includes the exclusion of companies involved in the production, distribution or sale of controversial weapons, such as cluster munitions and anti-personal mines, and excludes investment in companies involved in the production, distribution or sale of nuclear weapons. Excluded are also companies that derive more than 5% of their revenues from conventional weapons production (including components or systems), tobacco, alcohol, gambling and adult entertainment. Finally, the exclusion includes norm-based exclusions on social or environmental issues, including controversies that violate the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles of Business and Human Rights.
The team then conduct in-depth sector and company specific material ESG analysis, using their own ESG methodology. This is supported by a variety of sources, including third-party data providers, publicly available company information, meetings with management, expert and consultants’ networks, and scientific and industry journals.
ESG factors that are considered throughout the investment process include:
Solar supply chain
Wind supply chain
Renewable power producers
Smart grid equipment
Hydrogen infrastructure equipment
Electric grid & hydrogen distribution
Power conversion
Energy storage
Buildings
Industrial Processes
Transportation
Big Data
The team seek out compelling opportunities across four key thematic investment clusters, giving investors exposure to all areas of the smart energy value chain. Technological change and innovation, as well as wider sustainability trends, drive idea generation across these four clusters.
Key to strong performance is stock selection, which is driven entirely by fundamental research at every stage of the investment process. The team look to identify strong businesses, with solid fundamentals trading at attractive valuations.
Once invested, we actively monitor all holdings for ongoing ESG risks and controversies. This leads us to frequent engagement with companies over a variety of ESG issues.
We also take the issue of transparency seriously. That is why we report on the Strategy’s environmental footprint (CO2, water, and waste emissions) as well as the portfolio’s impact towards achieving the UN Sustainable Development Goals.
Without exception we also exercise our shareholder rights to vote at companies’ AGM’s on a wider range of ESG issues. We have a robust annual review process in place, which involves reviewing proxies, assessing third-party proxy analysis and research.
Risks:
Important Information: This website is provided for the sole use of the intended recipient and is not a financial promotion. The Polar Capital Smart Energy Strategy (the “Strategy”) is a Strategy of Polar Capital Funds plc which is authorised by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. 352/2011), as amended. This website does not seek to make any recommendation to buy or sell any particular security (including shares in the Strategy) or to adopt any specific investment strategy. This website does not contain information material to an investor’s decision to invest in the Strategy. Shares in the Strategy are offered only on the basis of information contained in the prospectus, key investor information document (“KIID”), and the latest annual audited accounts. Copies are available free of charge from Polar Capital at the below address or on www.polarcapitalfunds.com. The KIID is available in Danish, Dutch, English, French, German, Italian, Norwegian, Spanish and Swedish. The prospectus is available in English.
Third-party Data: Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital. Neither Polar Capital nor any other party involved in or related to compiling, computing or creating the data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any data contained herein.
Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.
Country Specific Disclaimers: When considering an investment into the Strategy, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP nor Polar Capital Funds plc shall be liable for, and accept no liability for, the use or misuse of this document.
Invalid Dates
Update chart| 1 Year | 3 Years | 5 Years | Since Inception (30/09/2021)* | YTD | QX | |
|---|---|---|---|---|---|---|
| Gross | -4.01 | 0.53 | - | -1.16 | -10.04 | -10.04 |
| Net | -4.88 | -0.46 | - | -2.11 | -10.29 | -10.29 |
| Index | 7.21 | 6.91 | - | 6.18 | -1.32 | -1.32 |
Periods over one year are annualised. *The Strategy was launched on 30 September 2021.
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Gross | 4.29 | 19.64 | -19.86 | - | - |
| Net | 3.50 | 18.51 | -20.83 | - | - |
| Index | 17.49 | 22.20 | -18.36 | - | - |
**MSCI ACWI Net TR Index
The strategy performance data quoted here represents past performance, which is not indicative of future results. The chart illustrates the performance of a hypothetical $10,000 investment made in the strategy since inception (or chosen period). Figures include reinvestment of capital gains and dividends. The index performance figures are sourced from Bloomberg and are in US$ terms.
Performance and Fees: Returns are presented both gross and net of fees. Net returns are calculated using a model fee which is the maximum management & custodial fees that could be charged to a portfolio plus actual non-reclaimable withholding taxes and trading expenses on any underlying portfolio within the composite. Gross of fee returns are presented before actual management & custodial fees but after all trading expenses and non-reclaimable withholding taxes. The current model fee is set to replicate actual management fees, custodial fees, withholding taxes and all trading expenses on the account with the highest fees within the composite. The management fee is 0.75% - Institutional . The composite returns presented represent past performance and is not a reliable indicator of future results, which may vary.
Composite Description: The Polar Capital Smart Energy Composite includes all institutional portfolios that primarily invest in a diversified portfolio of companies worldwide that provide technological solutions and services targeting the decarbonisation of the global energy sector. The objective of the Composite is to achieve long term capital appreciation.
Policies: Additional information regarding policies for valuing portfolios, calculating performance, and preparing GIPS Reports are available upon request.
Benchmark Information: The MSCI ACWI Net Total Return Index is designed to represent performance of large- and mid-cap stocks across 23 developed and 24 emerging markets. The index covers approximately 85% of the free float-adjusted market capitalisation in each market.
GIPS Compliance and Verification Status: Polar Capital LLP claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Polar Capital LLP has been independently verified for the periods 01 January 2009 through 31 December 2023. The verification reports are available upon request. A firm that claims compliance with the GIPS standards must establish policies and procedures for complying with all the applicable requirements of the GIPS standards. Verification provides assurance on whether the firm's policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm-wide basis. Verification does not provide assurance on the accuracy of any specific performance report. A list of composite descriptions and a list of broad distribution pooled funds are available upon request.
For further information on the strategy presented, please contact us at investor-relations@polarcapitalfunds.com.
Risks:
Important Information: This website is provided for the sole use of the intended recipient and is not a financial promotion. The Polar Capital Smart Energy Strategy (the “Strategy”) is a Strategy of Polar Capital Funds plc which is authorised by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. 352/2011), as amended. This website does not seek to make any recommendation to buy or sell any particular security (including shares in the Strategy) or to adopt any specific investment strategy. This website does not contain information material to an investor’s decision to invest in the Strategy. Shares in the Strategy are offered only on the basis of information contained in the prospectus, key investor information document (“KIID”), and the latest annual audited accounts. Copies are available free of charge from Polar Capital at the below address or on www.polarcapitalfunds.com. The KIID is available in Danish, Dutch, English, French, German, Italian, Norwegian, Spanish and Swedish. The prospectus is available in English.
Third-party Data: Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital. Neither Polar Capital nor any other party involved in or related to compiling, computing or creating the data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any data contained herein.
Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.
Benchmark: The Strategy is actively managed and uses the MSCI ACWI Net TR Index as a performance target. The benchmark has been chosen as it is generally considered to be representative of the investment universe in which the Strategy invests. The performance of the Strategy is likely to differ from the performance of the benchmark as the holdings, weightings and asset allocation will be different. Investors should carefully consider these differences when making comparisons. Further information about the benchmark can be found at http://www.msci.com/. The benchmark is provided by an administrator on the European Securities and Markets Authority (ESMA) register of benchmarks which includes details of all authorised, registered, recognised and endorsed EU and third country benchmark administrators together with their national competent authorities.
Performance: The performance shown has been calculated to account for the deduction of fees and expenses and includes the reinvestment of dividends and capital gain distributions. £ or GBP/US$/JPY/EUR/CHF = Currency abbreviations of: British Pound sterling/US Dollar/Japanese Yen/Euro/Swiss Franc, respectively.
Risk: Factors affecting Strategy performance may include changes in market conditions (including currency risk) and interest rates, as well as other economic, political, or financial developments. The Strategy’s investment policy allows for it to enter into derivatives contracts. Leverage may be generated through the use of such financial instruments and investors must be aware that the use of derivatives may expose the Strategy to greater risks, including, but not limited to, unanticipated market developments and risks of illiquidity, and is not suitable for all investors. Past performance is not a guide to or indicative of future results. Future returns are not guaranteed and a loss of principal may occur.
Country Specific Disclaimers: When considering an investment into the Strategy, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP nor Polar Capital Funds plc shall be liable for, and accept no liability for, the use or misuse of this document.
| Siemens Energy AG | 6.0 |
| Broadcom | 5.6 |
| Marvell Technology | 4.7 |
| Renesas Electronics Corp | 4.6 |
| Lumentum Holdings | 4.1 |
| Monolithic Power Systems | 4.0 |
| Autodesk | 3.7 |
| Byd Co | 3.6 |
| Delta Electronics | 3.4 |
| Silergy Corp | 3.3 |
| Total |
| Large Cap (>US$10bn) | 77.6 | |
| Mid Cap (US$1 - 10bn) | 21.2 | |
| Small Cap (<US$1bn) | 0.2 | |
| Cash | 1.0 |
| USD | 45.0 | |
| EUR | 24.3 | |
| TWD | 8.5 | |
| JPY | 8.4 | |
| HKD | 3.6 | |
| CAD | 2.5 | |
| CNH | 2.1 | |
| AUD | 2.0 | |
| CNY | 1.5 | |
| SEK | 1.1 | |
| CHF | 0.4 | |
| KRW | 0.3 | |
| GBP | 0.2 | |
| Energy Efficiency | 63.4 | |
| Energy Conversion & Storage | 20.7 | |
| Energy Transmission & Distribution | 13.2 | |
| Clean Power Generation | 1.7 | |
| Cash | 1.0 | |
| US & Canada | 43.2 | |
| Europe | 27.7 | |
| Asia Pac (ex-Japan) | 19.7 | |
| Japan | 8.4 | |
| Cash | 1.0 | |
Note: Totals may not sum due to rounding.
Risks:
Important Information: This website is provided for the sole use of the intended recipient and is not a financial promotion. The Polar Capital Smart Energy Strategy (the “Strategy”) is a Strategy of Polar Capital Funds plc which is authorised by the Central Bank of Ireland as an Undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. 352/2011), as amended. This website does not seek to make any recommendation to buy or sell any particular security (including shares in the Strategy) or to adopt any specific investment strategy. This website does not contain information material to an investor’s decision to invest in the Strategy. Shares in the Strategy are offered only on the basis of information contained in the prospectus, key investor information document (“KIID”), and the latest annual audited accounts. Copies are available free of charge from Polar Capital at the below address or on www.polarcapitalfunds.com. The KIID is available in Danish, Dutch, English, French, German, Italian, Norwegian, Spanish and Swedish. The prospectus is available in English.
Third-party Data: Some information contained herein has been obtained from third party sources and has not been independently verified by Polar Capital. Neither Polar Capital nor any other party involved in or related to compiling, computing or creating the data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any data contained herein.
Holdings: Portfolio data is “as at” the date indicated and should not be relied upon as a complete or current listing of the holdings (or top holdings) of the Strategy. The holdings may represent only a small percentage of the aggregate portfolio holdings, are subject to change without notice, and may not represent current or future portfolio composition. Information on particular holdings may be withheld if it is in the Strategy’s best interest to do so. A historic complete list of the portfolio holdings may be made available upon request. It should not be assumed that recommendations made in the future will be profitable or will equal performance of the securities. A list of all recommendations made within the immediately preceding 12 months is available upon request. This webpage is designed to provide updated information to institutional investors to enable them to monitor the Strategy. No other persons should rely upon it. The information provided on this webpage should not be considered a recommendation to purchase or sell any particular security.
Information Subject to Change: The information contained herein is subject to change, without notice, at the discretion of Polar Capital and Polar Capital does not undertake to revise or update this information in any way.
Benchmark: The Strategy is actively managed and uses the MSCI ACWI Net TR Index as a performance target. The benchmark has been chosen as it is generally considered to be representative of the investment universe in which the Strategy invests. The performance of the Strategy is likely to differ from the performance of the benchmark as the holdings, weightings and asset allocation will be different. Investors should carefully consider these differences when making comparisons. Further information about the benchmark can be found at http://www.msci.com/. The benchmark is provided by an administrator on the European Securities and Markets Authority (ESMA) register of benchmarks which includes details of all authorised, registered, recognised and endorsed EU and third country benchmark administrators together with their national competent authorities.
Allocations: The Strategy allocation percentages set forth in this document are estimates and actual percentages may vary from time-to-time. The types of investments presented herein will not always have the same comparable risks and returns. Please see the private placement memorandum for a description of the investment allocations as well as the risks associated therewith. Please note that the Strategy may elect to invest assets in different investment sectors from those depicted herein, which may entail additional and/or different risks. Performance of the Strategy is dependent on the Investment Manager’s ability to identify and access appropriate investments, and balance assets to maximize return to the Strategy while minimizing its risk. The actual investments in the Strategy may or may not be the same or in the same proportion as those shown herein.
Country Specific Disclaimers: When considering an investment into the Strategy, you should make yourself aware of the relevant financial, legal and tax implications. Neither Polar Capital LLP nor Polar Capital Funds plc shall be liable for, and accept no liability for, the use or misuse of this document.
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