September 9, 2019

Video: ESG & the Fund Value Chain–Lipper Fund Selector Forum 2019

by Jake Moeller.

Recorded on: September 09, 2019

On July 3, 2019, Refinitiv hosted the fifth Annual Lipper Fund Selector Forum at Canary Wharf. The final panel of the morning was “ESG and the Fund Distribution Value Chain.”

The panel considered the influence of ESG throughout the mutual fund value chain from product manufacturer, gatekeeper, and fund distributor. It outlined how ESG criteria are able to add value for end investors without compromising potential returns.

The panelists were:

In this video of the session, Jake Moeller, head of Lipper UK & Ireland Research at Refinitiv moderates the panel

Running order

Run Time Topic
00:45 What does ESG mean to you? How does it differ/ blend with “ethical” investing?
05:05 Is ESG a potential “growth factor” within the value chain?
08:15 How do you balance and incorporate each of the ESG components into an investment decision?
16:00 Are too many firms only paying lip service to ESG criteria?
27:00 On exclusions: How do you justify a high performance cost?
30:50 To what extent is ESG criteria a contributor of active share?
34:23 Question: Are there particular asset types more difficult for ESG investing?
37:00 Question: Can engagement work without divesting?


Refinitiv is grateful to the Chartered Institute of Securities and Investment for sharing its footage of this event.

About Mona Shah 

Mona Shah, Stonehage Fleming.

Mona Shah, Stonehage Fleming.

Mona is a Director at Stonehage Fleming and responsible for building sustainable multi-asset portfolios for clients as well as equity manager selection.

Prior to Stonehage Fleming she was at Rathbones for eleven years where she was Head of Collectives Research.

Mona holds a first class degree in Economics and Politics from the University of Bristol and is a CFA charter holder.






About Chris Welsford

Chris Welsford, Ayres Punchard.

Chris Welsford, Ayres Punchard.

Chris Welsford is an Independent Financial Adviser and Investment Adviser is a graduate of the University of Southampton (1986) with a B.Sc Hons in Social Sciences Politics.

He joined the UK’s first execution-only share-dealing service, Sharelink, as a Client Account Manager in 1987 and established Ayres Punchard in 1995 which specializes in fees-based advice and ethical investing.

In 2018 Ayres Punchard became a Worthstone SIA Impact Champion in recognition of the firm’s innovative approach to ESG, sustainable and impact  investing.

Chris is an IMC member of the Chartered Financial Analysts Society of the UK. He is also a Chartered Member of the Chartered Institute of Securities and Investment.



About Craig Bonthron

Craig Bonthron, Kames Capital.

Craig Bonthron is an investment manager in the equities team at Kames Capital, responsible for actively co-managing high conviction global equity portfolios. He focuses on analysing disruptive and sustainable investment trends within the technology, healthcare, industrial and consumer sectors.

Craig is also the co-creator of the Kames Sustainability Soapbox, a weekly forum for discussing the alpha potential of sustainable investments.

He joined Kames in 2014 from SWIP, where he was an investment director in global equities. He co-managed both the Halifax Global Ethical Equity fund and the SWIP Global Islamic Equity fund for more than three years.

Prior to SWIP, he was a portfolio manager at Kleinwort Benson Investors, where he co-managed the Global Water Equity fund.



Lipper delivers data on more than 265,000 collective investments in 61 countries. Find out more.

This material is provided for as market commentary and for educational purposes only and does not constitute investment research or advice. Refinitiv cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. Please consult with a qualified professional for financial advice. 

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