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.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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