Rathbone Unit Trust Management Ltd (Rathbones) has announces plans to launch a new global sustainability fund next month.
The Rathbone Global Sustainability fund in is to be rolled out with two share classes (an I class via platforms and an S class) from July, subject to FCA regulatory approval and subject to agreement, the fund will sit in the Investment Association’s Global sector.
The company said in a statement that the fund’s objective is to provide 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 or ways of operating “are aligned with sustainable development and, therefore, support the achievements of the UN Sustainable Development Goals”, Rathbones said.
Fund manager, David Harrison, will be supported by the broader equity team and will work closely with Rathbone Greenbank Investments, Rathbones’ dedicated ethical and sustainable investment division, which also provides the screening for the £1.2bn Rathbone Ethical Bond fund.
Mike Webb, chief executive, Rathbone Unit Trust Management, 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 with their investments, and the launch of this equity fund will help meet this demand.”
The multi-cap fund, which will typically invest in 30-50 securities, intends to follow a similar investment process as Rathbones’ income team, led by Carl Stick. While there is no income target for the fund, its investment approach is likely to produce a level of income.
Two share classes will be available at launch with the following charges:
|Share class||OCF (capped)||Availability||Minimum investment|
|S-Class||0.65%||At Rathbones’ discretion||£1,000|