Premier Miton is set to offer its first sustainable multi asset fund as it rebadges the Premier Miton Balanced Multi Asset fund.
From 1 March 2022, the fund will be renamed the Premier Miton Diversified Sustainable Growth fund. The name change reflects its updated investment policy and strategy, with the fund focusing on investments with a strong ESG profile and those the investment team believes reflect long-term sustainable growth themes.
The fund is Premier Miton’s first dedicated sustainable multi asset fund.
Premier Miton revealed the fund was to be given a sustainable makeover last year as part of a wider restructure of its multi asset desk. Chief investment officer Neil Birrell (pictured) took over from existing managers David Jane and Anthony Rayner and the fund was absorbed into his diversified multi asset range.
Though the fund has struggled to attract assets since launching in January 2018, in the year the changes were announced it has grown from £2.4m to £6.2m, according to Trustnet. It is in the top quartile of funds in the IA Mixed Investment 40-85% Shares sector over three years.
Premier Miton said the types of companies that fit the fund’s new ESG criteria and sustainable themes tend to operate in “faster growing sub-sectors of the economy” so should be less affected by changing market conditions.
Commenting on the changes Birrell said: “There is significant demand for sustainable funds from advisers and their clients and we are delighted to be able to offer Premier Miton’s first dedicated sustainable multi asset fund from March 2022.
“The Diversified funds have built a very strong long-term risk-adjusted performance track record, and, like all the Diversified funds, this fund will optimise the security selection skills of our specialist investment teams covering fixed income, equity, property shares and other assets including alternative investments.”
See also: Fund buyers wary as number of funds repurposed as ESG continues to rise
