Rathbones launches multi-asset fund for charities
Rathbones has launched the Rathbone Core Investment Fund for Charities.
The multi-asset strategy will be managed by Andrew Pitt, investment director and head of Charities, London at Rathbones.
It bolsters Rathbones’ charity offer that already includes the Rathbone Active Income and Growth Fund.
The fund has been specifically structured for charities and seeks to deliver long-term capital growth and a level of income while employing a total return approach.
It will not invest directly in companies manufacturing tobacco or tobacco products, or companies that derive more than 10% of their revenues from the manufacture of alcoholic beverages, armaments, gambling, high interest rate lending or pornography.
Andrew Pitt, head of Charities, London at Rathbones said: “This fund marks a significant addition to the investment opportunities we can offer our charities clients. Rathbones is committed to helping charities preserve and grow their investment capital, and this new fund is specifically tailored to their needs.
“We have an award-winning team in place, and we look forward to continuing to support our clients in meeting their investment objectives.”
Rathbones managed over £30.6bn (€34.2bn) of assets as at 30 June 2016.