Trustnet Magazine 71 March 2021 | Page 14

How can we best invest to make life better for all , including the world ’ s poorest ? Kate Fox and Lee Qian , joint managers of Keystone Positive Change Investment Trust , explain their approach to Jemima Kiss
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How can we best invest to make life better for all , including the world ’ s poorest ? Kate Fox and Lee Qian , joint managers of Keystone Positive Change Investment Trust , explain their approach to Jemima Kiss

Think positive

The value of your investment and any income from it is not guaranteed and may go down as well as up and as a result your capital may be at risk .

A belief in the transformative power of capitalism is behind the Keystone Positive Change Investment Trust , Baillie Gifford ’ s latest closed-ended fund . Jointly managed by Lee Qian and Kate Fox , the trust takes a strikingly different approach by actively investing in innovative companies that contribute to its goal of a more sustainable and inclusive world , rather than excluding sectors based on off-the-shelf ESG ratings . Fox says it ’ s about providing solutions to global challenges : “ This isn ’ t just about avoiding companies doing harm , or supporting businesses adopting sustainable and responsible business practices , it ’ s about trying to identify the companies intent on delivering change to make the world a better place .”

How it helps Positive Change has four impact themes : social inclusion and education ; environment and resource needs ; healthcare and quality of life ; and ‘ base of the pyramid ’ services that support economic improvement for the world ’ s least advantaged . Danish company Ørsted builds and operates offshore wind farms , and in 2020 generated 21 terawatt hours of

“ This isn ’ t just about avoiding companies doing harm , or supporting businesses adopting sustainable and responsible business practices ”

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