Jupiter Asset Management has launched a multi-asset fund which looks to tap into environmentally friendly investments.
The Jupiter Global Ecology Diversified fund, which is composed of a mixture of bonds and equities, invests in companies which look to benefit from the transition to a sustainable economy.
While the split between stocks and bonds will be flexible, the managers will generally seek to hold around 60 per cent in fixed income, such as green bonds, which use debt markets to fund projects that benefit the environment.
This portion of the portfolio will be managed by bond fund manager Rhys Petheram.
The remaining 40 per cent of the asset allocation will be in shares, which will be co-managed by Charlie Thomas and Abbie Llewellyn-Waters, who are both part of Jupiter’s environmental and sustainable investing team.
Mr Thomas, co-manager of the new fund, said the sustainable investment sector is becoming increasingly mature across all asset classes.
“We believe we can apply our expertise in a way that will resonate with clients in delivering a diversified, lower-volatility and income-generating approach.”
The management trio will work together to find the best value stocks, ensuring they deliver one unified portfolio, as opposed to two portfolios running independently.
According to Mr Thomas, the new offering, which is a sub-fund of the Jupiter Global Fund Sicav, aims to have greater potential to generate income when compared to traditional, pure equity approaches.
Kevin Scott, head of EMEA at Jupiter, said Jupiter has a “long-standing franchise” in environmental, fixed income and combined products, adding the new fund has been “carefully constructed” to meet the demands and objectives of potential investors.
katherine.denham@ft.com
