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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.”

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