Evelyn Partners’ Managed Portfolio Service team has added the Trium Climate Impact and Regnan Sustainable Water and Waste funds for the first time in its latest re-balance.
Trium Climate Impact, which is managed by Joe Mares and Tom Ayres, has replaced JPM Global Macro Sustainable within Evelyn Partners’ absolute return allocation across portfolios in a bid to reduce equity correlation.
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Philippa Douglas, assistant manager of the Evelyn Partners Sustainable MPS, said: “Trium Climate Impact is a market-neutral hedge fund which invests in mid and large-cap climate solutions in its long book and hedges out volatility, factor and style risk in its short book.
“The team seeks significantly higher avoided emissions than direct emissions in potential investee companies, as well as contributions to clean water, less waste, the circular economy and improved efficiencies. The fund targets a return of cash plus 6-8% and volatility of 6-8% with low correlation to traditional asset classes and driving positive environmental outcomes.”
Regnan Sustainable Water and Waste has replaced RobecoSAM Smart Materials across the firm’s moderate-to-high risk portfolios, which Douglas said “reflects our preference for the more defensive nature of the water and waste theme”, which she explained is “integral to daily life throughout the economic cycle, as well as the structural growth drivers for these sectors as global population increases and urbanises”.
“Additionally, the team’s focus on quality characteristics of businesses and the sustainability of their investee companies’ operations reflects our own investment philosophy well.”
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Elsewhere, Evelyn Partners’ MPS team has added to two existing holdings in US equity funds: FTGF ClearBridge US Equity Sustainability Leaders and Brown US Sustainable Growth. Within global equities, the team added to Impax Environmental Markets, Schroder Global Sustainable Value, CT Responsible Global Equity, Baillie Gifford Responsible Global Equity Income and Federated Hermes Global Equity.
