Evelyn Partners has shaken up its sustainable model portfolio range, adding three new funds.
They reduced equities, alternatives and cash at the lower end of the risk range, while for the portfolios for the higher risk client, equity exposure has been left unchanged while increasing bond exposure.
The three funds to have been added are Atlas Global Infrastructure, Alquity Future World and the iShares MSCI Japan SRI ETF.
Alquity is a boutique ESG fund house in which Aberdeen Asset Management founder Martin Gilbert (now of AssetCo fame) has a personal shareholding.
The Alquity fund replaces the Stewart Investors GEM Sustainable equity fund, while the Japan ETF replaces a similar product which had a focus on a narrower set of ESG criteria.
Genevra Banszky von Ambroz, lead manager of the Evelyn Partners' Sustainable MPS, said: "The overall intention of this rebalance was to further improve diversification across the portfolios, whilst taking advantage of market opportunities where they present themselves, after what has been a punishing quarter for most asset classes."
"The overall intention of this rebalance was to further improve diversification across the portfolios, whilst taking advantage of market opportunities where they present themselves, after what has been a punishing quarter for most asset classes."
None of the three funds bought by Evelyn Partners in their latest rebalance are held by any of the other allocators on our database.
