Sustainable Multi-Asset Fund five-year anniversary
Tom Montagu-Pollock, Emilie Shaw and Matt Best look back over the last five years and the evolution of the Sustainable Multi-Asset Fund.
We have experienced some challenging markets over the period and there has been significant collective effort from a large number of people that has helped deliver strong outperformance compared with peers1. Working in partnership with our amazing clients has been a big part of this.
We launched the Fund on 1 August 2018, seeded by three of our progressive charity clients. We have seen continued momentum in the number of clients committed to our sustainable strategy with an ever-increasing number of charities, foundations and universities wanting to align their mission and values with their investments.
The Fund has grown to £1.5bn on behalf of over 350 investors at the time of writing. We are humbled that the Fund has been the fastest-growing UK charity fund over the last four years with our dual objectives of investing for strong financial returns and in companies focused on having a net positive impact resonating strongly.
We are delighted that 27%2 of the strategy is held in investments that are deemed to be materially contributing towards achieving the UN Sustainable Development Goals and that over 2022 our collective investments were estimated to have reached over 330,000 people through the provision of clean drinking water, healthcare, housing, financial inclusion and education, and avoided emissions equivalent to the carbon absorbed by 2.4 million trees3.
A message from one of our seed investors
"We are delighted to see the continued success of the fund. Our motivation for seeding the strategy came from the trustees' strong desire to see the charities' values and mission reflected in the investments. It is pleasing to see there are now over 350 other charities also investing with a mission in mind." – Greg Gordon (Chair of the Trustees), Hornsey Parochial Charities
Thank you to all of our investors, friends and supporters over the last 5 years. It is hugely appreciated.
You can watch the latest Fund update here.
1Since inception 1 August 2018 – 30 June 2023, as compared to the ARC Steady Growth PCI Index.
2Portfolio holdings included that by our assessment are contributing to furthering sustainable development, as at 31 December 2022.
3Based on the collective investments values over 2022. Impact metric data provided, in part by Net Purpose, as at 31 December 2022.
This article is issued by Cazenove Capital which is part of the Schroders Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.
This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.
All data contained within this document is sourced from Cazenove Capital unless otherwise stated.