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Tree huggers

The almost ubiquitous search by DFMs for alternative assets has been extensively covered by Asset Allocator of late.

And Quilter has been getting in on the act, partnering with Pictet to launch a fund investing in timber for its Wealthselect ESG funds. 

The new fund will invest directly in what it calls sustainable forests, as well as other areas of the timber value chain, including businesses providing alternatives to plastic.

Stuart Clark, portfolio manager for Quilter's WealthSelect range says: "When launching the new WealthSelect Responsible and Sustainable portfolios we wanted to ensure that the funds selected aim to maximise return for a given level of risk.

"At the same time, the portfolios seek to maintain a smaller carbon footprint than the reference index, better overall ESG risk management and, in the case of the Sustainable portfolios, supporting sustainable solutions to environmental and social challenges.

"We have identified a strategy that ticks these boxes and are delighted to be working with Pictet to bring it into the portfolios."

Pictet has several funds within the broad thematic ESG space, including a water fund and an existing timber fund. 

The most most widely held of these among the allocators on our database is Pictet Environmental Opportunities, which appears in the portfolios of two of the DFMs we cover.

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