Cazenove Capital’s Sustainable Multi-Asset Fund for Charities reaches £2bn
The fund has seen continued momentum in the number of clients committed to our sustainable strategy, with the goal to align values with their investments.
Cazenove Capital, the wealth management businesses of Schroders, is delighted to announce that its Charity focused Sustainable Multi Asset Fund has surpassed £2bn in client investments1 – their first £2bn charity fund and the fastest growing charity fund in the UK over the past five years.
Cazenove Capital’s charity team launched the fund six years ago with the aim of setting a benchmark for sustainable investment best practice, alongside strong financial performance and positive impact on people and planet. The fund provides charities with a simple, cost-effective way of aligning their investment objectives with their charitable aims.
Tom Montagu-Pollock, Co-Head of Charities at Cazenove Capital, commented:
“We are delighted that the Charity Sustainable Multi-Asset Fund has passed £2bn for the first time on behalf of over 420 Charities, Endowments, Foundations and Universities.
We have seen continued momentum in the number of clients committed to our sustainable strategy and are proud that the Fund has been the fastest growing UK charity fund since 2019, with our dual objective of accelerating capital into sustainable and impact investments, while generating strong financial returns for the beneficiaries of the investing charities resonating strongly.
Thank you to all of our clients, the Advisory Board and friends who have supported us. We are really excited about the continuing prospects for the Fund.”
The Fund has a long-term, rolling ten-year, financial objective of Inflation +4% p.a. net of fees2. The Fund offers both distribution and accumulation units. The distribution units target a smoothed total return distribution of 4% a year2, paid 1% per quarter.
The Fund is structured as a Charity Authorised Investment Fund which is regulated by both the Charity Commission and the Financial Conduct Authority (FCA). It is also monitored by an Independent Advisory Committee which gives investors an extra layer of governance.
To hear more about the Fund, Cazenove Capital are hosting an update on Thursday 11th July at midday where the investment philosophy, performance, current views and positioning in light of those views, will all be discussed. We will also highlight some of the findings in our latest Sustainability and Impact Report.
[1] As at 20 June 2024.
[2] Target income of 4% is not guaranteed.
ENDS
For further information, please contact:
Estelle Bibby
Head of Marketing and Communications
+44 20 7658 3431
estelle.bibby@cazenovecapital.com
Laura Keeble
Marketing Manager
+44 20 7658 1615
Laura.keeble@cazenovecapital.com
Note to Editors
About Wealth Management
As a long-established wealth manager with a focus on preserving and growing our clients’ wealth, what matters most to our clients, matters most to us.
Private individuals, family offices, trusts, institutions and charities all rely on us to provide them with bespoke wealth management services. Skilled in investment management, wealth planning and banking services – we also offer discretionary fund management to external advisers and their clients, and we are the largest charity fund manager by assets under management in the UK.
For two centuries we have helped clients look forward to a successful future. With each client, we plan for the long term and invest the time to gain a detailed understanding of their unique circumstances, goals and ambitions. The majority of our clients, and many of our own people, work with us for years, decades and even generations. This creates relationships of unusual depth.
Our experience of navigating complex markets and adapting to change helps us balance risk and reward. The investment expertise we call upon as part of Schroders, a truly global asset manager, combined with our long-standing experience of advising clients, is what sets us apart.
Wealth Management office locations
Cazenove Capital: UK and Channel Islands. Schroders Wealth Management: Singapore, Hong Kong and Switzerland.
Schroders Wealth Management, including Cazenove Capital, has £110.2 billion in assets under management globally across all Wealth Management offices (including Benchmark Capital, part of wealth management) as at 31 December 2023.
Further information about Cazenove Capital can be found at www.cazenovecapital.com.
Issued by Cazenove Capital which is part of the Schroders Group and is a trading name of Schroder & Co. Limited. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
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The value of your investments and the income received from them can fall as well as rise. You may not get back the amount you invested. Cazenove Capital is a trading name of Schroder & Co. Limited. Registered Office at 1 London Wall Place, London EC2Y 5AU. Registered 2280926 England. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. For your security, communications may be recorded or monitored.