WS Montanaro Better World Fund
The Fund aims to achieve capital growth over any five-year period by investing in high-quality, profitable companies which make a positive impact on society or the environment.
The Fund aims to protect the Earth’s environment, tackle climate change and support the energy transition by investing in three “Planet Themes”: Environmental Protection, Green Economy and Innovative Technology.
The Fund aims to deliver better health and well-being outcomes for society by investing in three “People Themes”: Healthcare, Nutrition and Well-being.
Why the Better World Fund?
The Fund invests in companies helping to solve some of the world’s major problems.
- We invest in six impact themes: Environmental Protection; Low Carbon Economy; Healthcare; Innovative Technology; Nutrition; Well-being
- Our themes support the UN Sustainable Development Goals
- Investors in Small & MidCap can make a difference
Impact reports
Our annual Impact Report provides detailed information on the impact and investment returns delivered by our Irish-domiciled Better World Fund.
Deep Dives
Our Sustainability Deep Dives.
Fund managers
Lead Fund Manager
Adam Montanaro
Professional
Qualifications
- BA (Hons) 1st Class in Combined Social Sciences (Philosophy, Anthropology)
- Chartered Accountant (ACA) and member of ICAEW
- Investment Management Certificate (IMC)
- Chartered Financial Analyst (CFA)
Personal
Backup Fund Manager
Andrea Shen
Professional
Andrea is an Analyst and Fund Manager at Montanaro, specialising in the consumer discretionary, automotive, and aerospace & defence sectors. She joined the firm in 2012 and is also a co-manager of the firm’s segregated mandate.
Andrea began her career in 1994 at Lehman Brothers in New York as an equity research associate in its II-ranked global aerospace and defence equity research team. In 1998, she moved to the Government of Singapore Investment Corporation (GIC) as an equities investment analyst, where she managed segregated portfolios in the US and European industrial and technology sectors. After seven years at GIC, Andrea returned to Lehman Brothers as a Director in Equity Research. Following a career break to raise a family, she returned to the workforce in 2011 as Head of Research at the corporate finance boutique, ARC Associates.
Qualifications
- Brown University (magna cum laude) with a double concentration in International Relations (honours) and East Asian Studies (1992)
- M.A. in International Affairs, Columbia University (1994)
- M.Litt. (with Distinction) in History of Art, University of Glasgow (2011)
- Andrea has also studied at the International Christian University in Mitaka, Japan
- Bilingual in Mandarin and English
Personal
Andrea grew up in Taiwan and the US, immersing herself in different cultures as she travelled and lived in various parts of Asia and the US during her youth. What was initially meant to be a two-year stint in London turned into a permanent move, where she now calls home and has raised her family.
Outside of work, Andrea is a passionate traveller, always seeking out new destinations to explore. One of her goals is to visit all 50 states in the US and explore remote islands in the Pacific. She also enjoys reading about medicine, science, and history in her spare time. After being thoroughly outplayed by her kids in tennis, Andrea is now exploring alternative fitness regimes, including running, pickleball, and padel to stay active and fit.
Awards and Ratings
AAA Rating
Elite Rating
Additional Investor Information Document
Application Form
Prospectus
Our Companies
Coverall Renunciation and Transfer of Title
Historical Fund Changes
Contact our sales team
Professional
Henrik completed an MSc in finance and business administration after studying at the University of Linkoping in Sweden and in St. Gallen, Switzerland.
He started his professional career in 2000 at Merrill Lynch where he worked in equity research covering software and IT services companies. In 2001 he joined Lehman Brothers, where he spent 3 years as an Analyst, working on the European banks team.
As the lead Analyst on the Nordic banks he was writing company, sector and thematic reports. After that he spent 4 years at KBW and 3 years at Morgan Stanley, where he besides being the lead Analyst on Nordic banks also covered Emerging Market banks (Turkey and Russia) and wrote European banks strategy reports.
During his time as a bank Analyst he was voted the number one ranked Nordic banks Analyst in Europe. At Morgan Stanley the team also reached the number one position in Europe.
Henrik has responsibility for the Nordic region.
Qualifications
- M.Sc in Finance and Business Administration, University of Linkoping in Sweden and in St. Gallen, Switzerland
- Bilingual in Swedish and English
Personal
After growing up on the West coast of Sweden and living in Switzerland for a year and a half his biggest interests are boating and skiing. These days that boils down to a couple of weeks skiing per year and a little bit of boating in the summer. There is still that dream of spending a season in the Alps. Besides sports Henrik likes to travel. The perfect dream holiday would be to combine these two interest and go skiing in Alaska.
Professional
Harry joined Montanaro in 2018 after graduating from the University of Exeter with a degree in Geography in 2018.
He spent three months in Myanmar working for Aequitas Holdings as a Management Intern which consisted of on the ground research into new business ventures for Aequitas. Harry also interned at Velocity Trade where he gained experience of Sell side sales and trading.
Harry is part of the Business Development team at Montanaro covering Wealth Managers across the UK.
Qualifications
- BA (Hons) in Geography - University of Exeter (2018)
Personal
In his spare time Harry is an avid sportsman. He can be found regularly on the golf course, playing cricket for his local team in Kent, or watching Harlequins RFC at the stoop in Twickenham.
Professional
Dan is an Investment Sales Manager at Montanaro, responsible for clients within East Anglia, the Midlands, and the South-West. He joined Montanaro in 2022.
He started his career in the investment industry at Henderson Global Investors. Following this, Dan worked in the sales team at Jupiter Asset Management, covering East Anglia, the Midlands, and the South-West.
Qualifications
- BA (Hons) in History - University of Manchester (2013)
Personal
Dan grew up in Wolverhampton, where his childhood dream was to play for Wolverhampton Wanderers. While he didn't pursue that path, you can often find him watching football or playing sport of any kind, although he has a long way to go to improve his golf handicap.
Professional
Christian graduated from the University of Grenoble in 1981, where he studied Politics & Law. His research on Scottish politics took him to Scotland where, in 1986, he joined Martin Currie Investment Management as an Investment Manager covering Europe and Asia. In 1988 he joined British Linen Bank, part of the Bank of Scotland Group, where he was in charge of European investments.
In 1990, Christian joined Edinburgh Fund Managers ("EFM") where he was responsible for managing the European Unit Trust and marketing in Canada and the US. After eight years at EFM, in 1998 Christian joined Kempen Capital Management (UK) where he was involved in the marketing and management of their SRI funds and also with marketing in Europe and Canada.
Christian is trilingual in French, English and Spanish.
Christian joined Montanaro in July 2006 and became Head of Client Relationship Management in 2011.
Christian has responsibility for Scotland, Belgium, France, Luxembourg, the Netherlands, Spain and Switzerland.
Qualifications
- Politics & Law degree, University of Grenoble (1981)
- Fluent in French, English and Spanish
Personal
As a fund manager, Christian sometimes took contrarian views. This may be why he left the South of France to move to cold and wet Scotland. Christian speaks French and Spanish and on moving to Scotland, even took (and passed!) an O-Grade in Gaelic.
He likes French and Italian wines and is currently learning Italian so he can visit the various producers during his holidays. For some years now, Christian has imported his favourite wines and champagne into the UK and he is often asked to present them at tasting sessions. His other great interests are Scottish history, literature, cinema and running (when the Scottish weather is not too bad). He also spends some time serving the French community in Scotland as an elected councillor.
He plans to go to the Gaelic college in Skye to improve his Gaelic. He loves the West coast of Scotland, one of the most beautiful parts of the world, when it does not rain and there are no midges!
Professional
Chris graduated from Sheffield Hallam University with a degree in Banking & Financial Management in 2013. Born and bred in Manchester, Chris quickly made the move to London to embark on a career in Asset Management, joining Neuberger Berman as Performance & Risk Analyst.
It didn’t take long for Chris to decide he wanted to work in distribution and in 2014 joined Goldman Sachs Asset Management to support both their wholesale and institutional sales teams within EMEA.
Keen to progress into a client facing role, Chris joined Columbia Threadneedle in 2015 as Business Development Manager, tasked with developing, growing and maintaining relationships with a panel of financial advisers, life co’s and key strategic partners across the U.K.
Chris joined Montanaro in 2018.
Qualifications
- BA (Hons) Banking & Financial Management, Sheffield Hallam University.
Personal
Away from work, Chris sits on the members committee at The Lansdowne Club in Mayfair and is constantly looking at ways to improve the experience for its members. Chris is an avid Manchester United fan (yes – one of the few actually from Manchester) and goes to watch the games as often as he can. Chris enjoys the odd game of 5-a-side but feels he is more attuned to playing golf these days. He is also a big horse racing fan with his favourite meet being the Ebor Festival at York.
Chris loves to travel but rarely plans ahead, choosing instead to book last-minute flights to random destinations. He would like to become fluent in French one day and spent the odd summer during university working at Disneyland Paris. Unfortunately we are yet to find a photo of him dressed as Mickey Mouse.
Professional
Ed is Chief of Staff and Head of Sustainable Investments. He joined Montanaro in 2014 and has led the ESG and impact investment approach, developing sustainable investment strategies, including the award-winning “Montanaro Better World Fund”. He played a key role in Montanaro achieving B Corporation certification in 2018. Ed is Chair of the Sustainability Committee and sits on Montanaro’s Executive Committee.
Ed was elected to the Board of the UK Sustainable Investment and Finance Association (UKSIF) in September 2023, representing over 300 financial services firms managing £19 trillion in assets. He also serves as an independent member of the Medical Research Foundation’s Investment Committee, supporting initiatives to advance medical research and improve human health.
He began his career in the City in 2007. Prior roles include time as a Portfolio Manager at Newton Investment Management and later at Standard Life.
Academic Qualifications
- Durham University: BA (Hons) in Theology (2:1)
- CFA Institute: Certificate in ESG Investing
- The Chartered Institute for Securities & Investment Diploma
- University of Cambridge (CISL): Sustainable Finance Course
Personal
Away from work, Ed is kept busy looking after his young family. An avid reader, Ed likes to relax by working his way through an ever-growing reading list. He is interested in the development of new technologies, particularly AI, and in his spare time completed Stanford Professor Andrew Ng’s course "AI for Everyone". When he can, Ed likes to travel, a highlight being a trip across the Middle East to Egypt, Jordan, Syria and Israel. He also enjoys sport and getting out for long runs along the river in London.