27 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 is the fast growing charity fund in the UK over the past 3 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, Sustainable 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[1] 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[2], 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.