Royal London Asset Management has rolled out a sustainable growth fund for Mike Fox’s team.
The Sustainable Growth fund will target undervalued companies that can have a positive influence on society and the environment. It will invest in a “highly-diversified” portfolio of global equity and fixed income assets to achieve capital growth over three to five years.
It launches with £100m in assets under management and will be run by RLAM’s head of sustainable investments Fox (pictured), George Crowdy and Sebastien Beguelin. The trio currently manages an eight-strong suite of multi-billion pound strategies, including the £3.1bn Royal London Sustainable Leaders Trust.
RLAM said Sustainable Growth is “suitable” for a broad range of investors, including retail, wealth managers and institutions, with varying risk profiling requirements. It is rated risk level 6 under Defaqto and Dynamic Risk Planner models.
“We consistently find companies that are attractive from a sustainability perspective are undervalued by the market, leading to exceptional opportunities for investors to benefit from the returns available while meeting their risk and sustainability requirements,” Fox said.
“We believe our long track record and proven approach to sustainable investing positions us extremely well to deliver a highly-diversified portfolio that can meaningfully contribute to meeting clients’ long-term investment goals.”
RLAM has been reaping the benefits from strong flows into its sustainable funds.
It was the best selling UK fund group in March, according to data from Morningstar, and again in April, when it attracted £893m.
