View more on these topics

Equities attractive to Invest & Give

Multi-manager John Husselbee of North Investment Partners sees equities as an attractive asset class for the initial portfolio he is creating for the Invest & Give fund.

The Invest & Give fund is a multi-asset multi-manager fund that that enables investors to donate to The Prince’s Trust youth charity through a 0.6 per cent annual charge on top of the fund’s 0.95 per cent annual management charge.

Husselbee says the fund is a unique proposition and he hopes it is the first of many funds to be launched with a charity angle. He says it is important that the fund delivers on the investment side, so in that respect it is no different to any other multi-manager fund.

Husselbee’s investment process will be based on top-down asset alloacation with underlying funds selected following quantitative and qualitative research.

The initial portfolio will comprise a quarter each in UK equities, global equities and corporate bonds, with 8 per cent each in commodities and alternative assets, 5 per cent in gilts and 4 per cent cash.

Husselbee says: “Asset allocation will depend on where we are in the market cycle. It is attractive for equities at the moment. We have low growth/no growth, low inflation/no inflation and loose fiscal policy is supportive of equities in this environment.”

Recommended

Release firms won’t survive on wholesale funding

Equity-release providers which fund new business using wholesale markets are unlikely to have a future, according to Just Retirement.The firm says banks, building societies and other providers will not be able to continue writing new equity-release business reliant on short-term funding.The news comes after In Retirement, an equity-release prov-ider funded by the wholesale markets, went […]

Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment