Ethical Investment December Q4 24 Quarterly Report
Dear Investor,
I am pleased to announce the release of the December Q4 2024 Quarterly Report for our Funds. Please access the report via the button below, or see highlights below the fold.
Quarterly Highlights
The ELMRI ANZ Conviction Fund delivered strong returns for our investors, increasing 29.5% over the past year and 6.4% over the quarter. The fund has outperformed its benchmark by 18.1% over the past year and 7.2% over the quarter.
The ELM Responsible Investments Global Fund also delivered strong returns, increasing by 36.4% over the past year and 21.4% over the quarter. The fund has outperformed its benchmark by 5.6% over the past year and 9.5% over the quarter.
In the fourth quarter of 2024, central banks' continued monetary easing and declining inflation provided a favourable backdrop for equity markets, particularly for innovative companies in the areas of digitisation and artificial intelligence (AI).
Company Profiles
The report profiles key holdings that have driven fund performance over the quarter, including:
How Tesla’s breakthrough autonomous technology and record energy storage deployments are driving its leadership in clean energy innovation.
Why Joby Aviation’s regulatory milestones and Toyota-backed expansion efforts position it to revolutionise urban mobility with zero-emission air taxis.
How Cochlear’s strong growth in implant sales and R&D innovation continues to solidify its dominance in hearing healthcare.
Why Intuitive Surgical’s upcoming Da Vinci 5 system is set to redefine robotic surgery and accelerate global adoption.
How Xero’s subscriber growth and ARPU expansion are powering its global rise as the leading small business accounting platform.
Why Pro Medicus’s transformative imaging software and high-margin contracts are unlocking new potential in healthcare IT.
Conclusion
We are committed to investing in the most innovative and impactful growth companies and I am optimistic about the future potential of our investment strategies. I am pleased to note that our ANZ Conviction Fund has now surpassed it’s 5-year mark since its inception in October 2019 and is outperforming its benchmark over both short- and long-term periods, demonstrating the benefits of our long-term strategy.
If you wish to discuss any aspect of this report in greater detail, please do not hesitate to reach out. I would be more than happy to arrange a meeting at your convenience. Those interested in investing with us can explore our product pages and review our fund documentation by clicking the buttons provided below.
Thank you for your ongoing interest and support.
Kind regards,
Jai Mirchandani
Founder, CIO and Portfolio Manager
ELM Responsible Investments
This note has been prepared by ELM Responsible Investments (‘ELMRI’) ABN 70 607 177 711 AFSL 520428, for Australian wholesale clients for the purposes of section 761G of the Corporations Act 2001 (Cth).
The information is not intended for general distribution or publication and must be retained in a confidential manner. Information contained herein consists of confidential proprietary information constituting the sole property of ELMRI and its investment activities; its use is restricted accordingly.
This note is for general informational purposes only and does not purport to be comprehensive or to give advice. The views expressed are the views of the writer at the time of preparation and presenting and all forecasts, assumptions, opinions, data and other information are not warranted as to accuracy or completeness and are subject to change without notice. This is not an offer document and does not constitute an offer or invitation of investment recommendation to distribute or purchase securities, shares, units or other interests to enter into an investment agreement. No person should rely on the content and/or act on the basis of any material contained in this note. Any potential investor should consider their own circumstances and seek professional advice.
ELMRI funds, its directors, employees, representatives and associates may have an interest in the named securities.
Past performance is for illustrative purposes only and is not indicative of future performance.