Investing in companies transforming the global food system
The opportunity
The food and agriculture sector is a cause of and victim to environmental degradation. Pressures are intensifying as growing populations and rising living standards drive increased consumption of resource-intensive foods.
Addressing these issues will require significant capital investment in new technologies and services, in addition to greater policy support from regulators and governments, which could benefit companies that provide environmental solutions.
Fund highlights
INVESTMENT
The fund primarily targets companies across the sustainable food value chain that are delivering solutions to environmental and nutritional challenges
The fund’s flexible approach ensures broad, diversified exposure across regions, end markets, and sectors
The fund is managed by a listed equities team with over 15 years average industry experience1
Team and expertise
BNP Paribas Smart Food is managed by Impax Asset Management, a long-standing investor in environmental markets and a long-term partner of BNP Paribas Asset Management. Impax has offices in Europe, Asia, and the US.
Michael Landymore, 40 years of industry experience, Agne Rackauskaite, 12 years of industry experience, and Katy Hutchinson, 11 years of industry experience, are the lead portfolio managers. They are based in London and Dublin.
[1] Source: Impax Asset Management, as of 31 March 2023
Past performance is not indicative of current or future performance. Performances is calculated net of fees unless otherwise stated.
Any views expressed here are those of the author as of the date of publication, based on available information, and subject to change without notice. This material does not constitute investment advice.
Investments are subject to market fluctuations and the risks inherent in investments in securities. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial investment. There is no guarantee that the performance objective will be achieved.
Investing in emerging markets or specialised or restricted sectors is likely to be subject to a higher-than-average volatility due to a high degree of concentration, greater uncertainty because less information is available, there is less liquidity or due to greater sensitivity to changes in market conditions (social, political and economic conditions).
For a complete description and definition of risks, please consult the last available prospectus and KID of the fund. Investors considering subscribing to a fund should read carefully its most recent prospectus and KID that can be downloaded free of charge from our website: www.bnpparibas-am.com.
Environmental, social and governance (ESG) investment risk: The lack of common or harmonised definitions and labels integrating ESG and sustainability criteria at EU level may result in different approaches by managers when setting ESG objectives. This also means that it may be difficult to compare strategies integrating ESG and sustainability criteria to the extent that the selection and weightings applied to select investments may be based on metrics that may share the same name but have different underlying meanings. In evaluating a security based on the ESG and sustainability criteria, the Investment Manager may also use data sources provided by external ESG research providers. Given the evolving nature of ESG, these data sources may for the time being be incomplete, inaccurate or unavailable. Applying responsible business conduct standards in the investment process may lead to the exclusion of securities of certain issuers. Consequently, (the Sub-Fund’s) performance may at times be better or worse than the performance of relatable funds that do not apply such standards.