Lessons learned from running the Sustainable Global Equity Portfolio for 3 years
Qblue Balanced
A Copenhagen based asset manager, founded in 2018 by Bjarne Graven Larsen, former CIO at ATP and OTPP
Qblue Balanced is celebrating three years since the launch of its Sustainable Global Equity Portfolio, which launched in Sweden on April 29, 2021. The fund's journey offers valuable insights, especially given the period with turbulent geopolitical disruption. Over the coming weeks, Qblue Balanced plans to unveil a series of reflective articles detailing the lessons learned throughout the 3-year period.
The fund's inception was met with significant gains, demonstrating robust performance by year-end of 2021. However, 2022 proved to be challenging for sustainability-focused portfolios globally. The unexpected geopolitical disruption triggered by Russia's invasion of Ukraine led to a volatile market period, and this conflict catalysed a surge in oil and commodity prices, benefiting energy and mining sectors, while defence stocks also saw notable gains due to the escalated military activities.
Despite these adverse conditions, the fund managed to perform successfully. Despite this very meaningful headwind, the fund performed broadly in line with its MSCI World NTR benchmark.
Recent data, as of April 30, 2024, from sources like Morningstar Direct and Bloomberg, highlights the fund's competitive performance among global Article 9 equity funds available in Sweden. Since its inception, the fund ranks between top 5 best-performing funds, consistently staying ahead in its peer group and underscoring its resilience and strategic accomplishment in sustainable investing.
Looking ahead, Qblue Balanced is set to explore the methodology behind the dynamic performance of its Sustainability Cube™[1] in its next publication, promising further insights into the fund’s strategic operations and market behaviours.
For more information, please visit our website: www.qbluebalanced.com