Charity Investment

Charity Responsible Multi-Asset Fund webinar Q1 2020


Tom Montagu-Pollock

Tom Montagu-Pollock

Portfolio Director and Charity Multi-Asset Fund Manager

Cazenove Charities

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Nathalie Krekis

Nathalie Krekis

Portfolio Director

Cazenove Charities

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Emilie Shaw

Emilie Shaw

Portfolio Director and Sustainable Investment Specialist

Cazenove Charities

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The final quarter of 2019 was in stark contrast to the same period in 2018 as global equities ended 2019 at all-time highs. Against this backdrop, the Responsible Multi-Asset Fund returned +15.9% for the year as a whole, ahead of the inflation +4% long-term target.

Having launched the fund with just £5m of assets from two clients in August 2018, the fund is now over £70m in size and is managed on behalf of 41 charity clients.

While the fund has maintained its exposure to equities, allocations to gold, bonds and cash have been helpful for relative returns in the market volatility we have seen so far in 2020. We continue to see steady flows into the Fund and have been proactively adding to equities at lower levels.

In keeping with our intention to maximise the positive impact of your charitable assets we have recently added an allocation to green bonds via the Lombard Odier Climate Change Fund, and have also recently invested in the Threadneedle Social Bond Fund.

The opinions contained herein are those of the author and do not necessarily represent the house view. This document is intended to be for information purposes only. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The material is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommendations. Information herein is believed to be reliable but Cazenove Capital does not warrant its completeness or accuracy. No responsibility can be accepted for errors of fact or opinion. This does not exclude or restrict any duty or liability that Cazenove Capital has to its customers under the Financial Services and Markets Act 2000 (as amended from time to time) or any other regulatory system. Cazenove Capital is part of the Schroder Group and a trading name of Schroder & Co. Registered Office at 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. For your security, communications may be taped and monitored. 

Contact Cazenove Charities

Achieving your charity's investment objectives takes time and thought. To find out how we can help you please contact:

Kate Rogers

Kate Rogers

Co-head of Charities kate.rogers@cazenovecapital.com
Alex Baily

Alex Baily

Co-head of Charities alex.baily@cazenovecapital.com