EBI Earth portfolio change - May 2025
- Gregory Deer
- May 21
- 3 min read
21st May 2025
What's changing?
Ebi are making a fund switch in your ebi Earth portfolio as outlined below
Current fund | OCF* | New fund | OCF |
Vanguard ESG Developed World All Cap | 0.13% | Fidelity World ESG | 0.12% |
*OCF = Ongoing Charges Figure
The standard allocation to this fund is 18.00% of the growth part of your investment portfolio. You can see the Key Investor Information Document (KIID) here for the new fund here.
Reasons why
As our chosen investment partner, ebi are continually monitoring all investment funds available. The aim is to to deliver the best investment returns for our clients given our evidence based investment philosophy.
Following a review of the Vanguard fund against a newly available fund introduced by Fidelity, the Fidelity fund was chosen to replace the existing Vanguard fund because
MSCI index tracking. The current Vanguard fund follows a FTSE index, whereas the Fidelity fund follows a MSCI index. Ebi believe MSCI have a more rigorous and transparent Environmental, Social and Governance (ESG) methodology. It’s also used more widely across the asset management industry.
No excluded sectors. The Fidelity fund does not exclude entire sectors, such as energy. Therefore, the new fund is expected to track the broader market more closely compared to the existing Vanguard fund.
Continued diversification. The fund invests in over 4,000 securities across 23 developed markets and will provide the global market index tracking required from this fund as part of the overall portfolio.
Lower cost. The fund is being provided for ebi clients at a 0.03% discount compared to the normal retail investor. It’s only 0.01% lower cost than the current fund. We remain commitment to managing the cost of investing and this remains central to the investment strategy implemented.
What's happening and when?
We recommend the ebi portfolios across two platforms: Transact and Fundment. Both platforms will implement the change as a straight fund switch. This limits time out of the market and means most of your portfolio will remain invested.
Transact. If you’re invested on the Transact platform, the change will be made on 29th May as a fund switch.
Fundment. If you’re invested on the Fundment platform, the change will be made on 4th June as a fund switch.
If there are any tax implications expected as a result of the fund switch, you’ll have received a separate communication from me.
Why now?
This change has been planned for a few months but has not been implemented due to the volatility (up and down movement) of investment markets recently.
Given the volatility index (VIX) has now returned to more normal levels, the change can be made with reduced risk.
Ebi remain best in class
Ebi continue to adopt the same investment philosophy as MUVADO and provide an investment solution that meets MUVADO’s expectations.
We review our chosen investment partner twice a year and ebi continue to be the chosen provider for our clients’ assets. It’s how we invest our own long term funds and how we allocate our clients’ funds too.
We believe this change only enhances ebi’s offering and shows they’re continual attention to detail to deliver the best results for our clients.
Risk warnings
None of the information in this communication should be seen as a recommendation and you should seek independent financial advice. Investments carry risk. The value of your investment (and any income from them) can go down as well as up and you may not get back the full amount invested.
