Quilter Cheviot has launched a climate growth fund to invest in clean energy, food, health, resource efficiency and water.
The Climate Assets Growth Fund will have an equity allocation between 75% and 95%, compared with 60% to 75% for the recently renamed Climate Assets Balanced Fund. More than 70% of revenue generated by companies in both funds must align with one or more of the UN Sustainable Development Goals.
The fund is managed by Quilter Cheviot’s head of sustainable investment, Claudia Quiroz (pictured), alongside deputy fund manager Caroline Langley.
Quiroz said: “We are delighted to be expanding the Climate Assets strategy with the introduction of a growth fund.
“The Climate Assets strategy, now underpinned by our two funds, seeks to find and champion the companies that are having a positive impact across our investment themes, while providing clients with a choice of products to cater for different risk tolerances that match their responsible investment preferences.”