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Rathbone Unit Trust Management is launching a global equity fund aiming to beat the FTSE World index over five years by backing companies signed up to the UN Sustainable Development Goals.
The Rathbone Global Sustainability fund will launch next month and will invest in a concentrated portfolio of 30 to 50 companies.
Fund manager David Harrison will work closely with Rathbone Greenbank Investments, the firm's dedicated ethical and sustainable investment division which already screens stocks for the £1.2 billion (31 May 2018) Rathbone Ethical Bond fund .
Harrison joined Rathbones in 2014, having worked as a portfolio manager at Hermes Investment Management and Merrill Lynch Portfolio Managers, where he focused on investing in companies engaged in positive environmental, social or governance impacts.
Mike Webb, chief executive of Rathbone Unit Trust Management, said: ‘The launch of the Rathbone Global Sustainability fund was the next logical step for us, building on the success and strong growth of the Rathbone Ethical Bond fund. There is a growing cohort of clients who want to make a positive impact with their investments, and the launch of this equity fund will help meet this demand.’
He added: ‘David has many years’ experience as a specialist in this field. This, combined with his skill in portfolio construction and the expertise of Rathbone Greenbank Investments, spanning over 20 years, should mean a compelling new offering for our clients.’
The multi-cap fund follows the investment style used by Rathbones’ income team, led by Carl Stick. While the asset manager hasn’t set an income target for the fund it does expect it to generate a ‘measure of income’.
At launch the fund will have two share classes available through platforms and Rathbones' discretionary management arm, charging 0.90% and 0.65%, respectively.