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.”