Wealth management firms launches new growth fund

Quilter Cheviot announced the launch of the Climate Assets Growth Fund, in addition to the already successful Climate Assets Balanced Fund.

The Climate Assets Growth Fund will focus on sustainable investment to provide clients with long-term capital growth. The new fund will have an equity allocation between 75 per cent and 95 per cent, compared to 60 per cent to 75 per cent for the Balanced fund.

Managed by Quilter Cheviot 's head of sustainable investment, Claudia Quiroz (Pictured), alongside deputy fund manager Caroline Langley, this launch marks the next step in expanding Quilter Cheviot 's sustainable investment offering.

The Climate Assets Balanced Fund, which was recently renamed to accommodate the launch of the Climate Assets Growth Fund, launched in 2010 and has subsequently built an AUM of c. £400m.

Together with the Balanced Fund, the Climate Assets Growth Fund will focus on investment opportunities that arise from companies providing solutions to improve resilience to climate change and healthcare challenges.

It will seek to invest across clean energy, food, health, resource efficiency and water as positive investment themes, while specifically avoiding companies generating revenue in controversial industries such as alcohol, armaments, fossil fuels, gambling and tobacco.

To be considered for inclusion in the Climate Assets Funds, companies must offer solutions to the global challenge of delivering 'more with less ' for a rapidly growing population with a low carbon footprint.

Claudia Quiroz, head of sustainable investment at Quilter Cheviot, said: “We are delighted to be expanding the Climate Assets strategy with the introduction of a growth fund.

“Witnessing the increase in investors ' awareness of climate change and speaking with financial advisers and clients alike, it is clear there is a desire for a growth fund with a sustainable investment philosophy, using the same tried and tested approach we have developed over 12 years. ”

“We decided to launch a fund in 2010 as we could not find a well-managed multi-asset fund with a focus on solutions to the economic and environmental challenges of climate change and demographics.

“As these challenges remain ever more concerning, we want to continue leverage from our investment philosophy and process which have stood the test of time, demonstrated by our 12-year track record investing in sustainability. Thus, the Climate Assets Growth Fund was a natural development. ”