Rathbones to launch sustainability fund
21 June 2018
Rathbone Unit Trust Management is set to launch a new sustainability fund next month, driven by growing interest from clients to make a positive impact with their investments.
The Rathbone Global Sustainability Fund is designed to provide clients with a total return in excess of the FTSE World index over the long term (a minimum of five years) from a portfolio of global equities which meet the fund’s sustainability criteria.
The fund will invest in companies whose activities are aligned with sustainable development and support the achievements of the UN Sustainable Development Goals, the firm said. It will avoid businesses engaged in what it termed “unethical or unsustainable” practices.
The fund will be managed by David Harrison, who will be supported by the broader equity team and work closely alongside Rathbone Greenbank Investments, the firm’s dedicated ethical and sustainable investment division.
The multi-cap fund, due to launch in July subject to FCA approval, will typically invest in 30-50 securities and will mirror the investment process of Rathbones’ income team through its focus on fundamentally strong companies with high levels of cash generation.
Two share classes will be available at launch; I-Class and S-Class which both require a minimum investment of £1,000. The former will be available via platforms, while the latter will be available through Rathbones’ discretionary management arm, charging 0.90% and 0.65% respectively.
Mike Webb, chief executive, Rathbone Unit Trust Management (pictured), said: “The launch of the Rathbone Global Sustainability Fund was the next logical step for us, building on the success and strong growth of the Rathbone Ethical Bond Fund. There is a growing cohort of clients who want to make a positive impact on their investments and the launch of this equity fund will help meet this demand.”
Fund manager Harrison added: “We believe fundamentally strong businesses that are making a tangible positive impact are well-positioned to deliver long-term value creation for investors.”
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