British wealth manager Rathbones has rolled out a new multi-asset fund that has been particularly structured for charities.
The new Rathbone Core Investment Fund for Charities targets long-term capital growth and income through a total return approach.
The vehicle will take a socially responsible approach by refraining from making direct investment in companies manufacturing tobacco or tobacco products.
It will also avoid investing in firms that that derive over 10% of their revenues from the manufacturing of alcoholic beverages, armaments, gambling, high interest rate lending, or pornography.
The new fund will be run by Rathbones investment director and head of charities Andrew Pitt.
“Rathbones is committed to helping charities preserve and grow their investment capital, and this new fund is specifically tailored to their needs,” Pitt stated.