28 July 2022
Cazenove Capital, one of the UK’s leading wealth management businesses and part of the Schroders Group, is delighted to announce that its Charity focused Responsible Multi Asset Fund has surpassed £1bn in client investments – their first £1bn charity fund and the fastest growing charity fund in the UK over the past three years.
Cazenove Capital’s charity team launched the fund four years ago with the objective of setting a benchmark for sustainable investment best practice, alongside strong financial performance and positive impact. 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, said: “Our Responsible Multi Asset Fund has been the fastest growing charity fund in the UK since 2019. The dual objective of the fund has received particularly good feedback from clients – with the financial aim to generate a long-term return of 4% plus inflation*, whilst having a positive impact on people and the planet. This combined focus has resonated strongly with the sector. The fund’s milestone has been an amazing collective effort from our team, and shows the strength of our sustainability offering.”
It is a solution that over 250 charities, universities and foundations now use to maximise their investments. Cazenove Capital designed the Fund to have a positive impact on people and planet by avoiding harm by integrating Environmental, Social and Governance (ESG) considerations and exclusions. It benefits stakeholders through responsible business activities and contributes to solutions by influencing boardroom decisions and investing for impact. The Fund has a long-term, rolling ten-year, financial objective of Inflation +4% p.a. net of fees*.
Kate Rogers, Global Head of Sustainability at Schroders Wealth said: “I’m proud that our 2021 impact report showed that as well as strong financial returns, together our investments reached over 200,000 people with healthcare, financial and digital services and education; and avoided carbon emissions equivalent to that absorbed by over 1.2 million trees.”
The Fund offers both distribution and accumulation units. The distribution units target a smoothed total return distribution of 4% a year*, paid 1% per quarter.
Morningstar recently upgraded the Fund’s risk-adjusted return rating to five out of five stars. It has also maintained five out of five globes for sustainability. 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.
*Target income of 4% is not guaranteed.
For further information, please contact:
Estelle Bibby, Head of Media Relations +44 20 7658 3431 email@example.com
Note to Editors
About Wealth Management
As a long-established wealth manager with an absolute 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 £81.2 billion in assets under management globally across all Wealth Management offices (including Benchmark Capital, part of wealth management) as at 31 December 2021.
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.
When investing, your capital is at risk.
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 taped or monitored.