Close Brothers has launched two new sustainable funds investing in stocks and bonds.
The Close Sustainable Balanced Portfolio Fund and the Close Sustainable Bond Portfolio Fund will look to generate “consistent long-term returns by screening out unethical practices while focusing on investment opportunities with positive ESG and sustainability records.”
The Close Sustainable Balanced Portfolio Fund will be managed by head of funds Riitta Hujanen and investment manager Richard Stroud, and invest in shares, bonds, alternatives, ETFs, and third party funds.
The Close Sustainable Bond Portfolio Fund will be managed by invest director Andrew Metcalf and investment manager Eran Hasson. The fund will invest in bonds, third party funds, and other fixed income securities.
Martin Andrew, chief executive of Close Brothers Asset Management said: “Investors and clients are becoming more aware of how their money can affect the world around them and increasingly want to invest in ways that reflect their concern and respect for the natural environment, for human dignity and for responsible corporate behaviour. We are launching these new funds to meet this demand.”