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Sparinvest SICAV - Ethical Global Value is an open-ended equity mutual fund launched by Sparinvest S.A. The fund is managed by Sparinvest Fondsmaeglerselskab A/S. It invests in the public equity markets across the globe. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of companies. The fund employs fundamental analysis, with bottom-up stock picking approach, to create its portfolio. It benchmarks the performance of its portfolio against the MSCI World Index. The fund does not invest in companies with controversial activities, such as production of alcohol, gambling, tobacco, pornography, weapons and companies that do not comply with global standards, and most importantly the UN Global Compact and the OECD Guidelines for Multinational Enterprises on Environmental Protection, Human Rights, Labour Standards and Anti-corruption. Sparinvest SICAV - Ethical Global Value was formed on May 30, 2008 and is domiciled in Luxembourg.