The Climate Assets fund, Quilter Cheviot’s flagship sustainable investment fund, has been awarded a three crown rating by investment data firm Financial Express. The rating signals that the fund has performed better than its peers, determined by a three-year track record.
Financial advisers use the FE crown rating system to screen for the best performing funds in a sector. Each fund is scored across three areas – volatility, consistency and alpha, a measure of the fund’s returns against its benchmark.
The Climate Assets fund aims to achieve long-term capital growth. The fund invests globally with investment opportunities arising in the areas of climate change, resource scarcity and population shift.
The fund is currently worth £28.2 million and between its launch in March 2010 and December 2013 has returned 38.9%, outperforming the Investment Management Association (IMA) Mixed Investment 40%-85% Shares sector’s return of 32.1% over the same period.
Claudia Quiroz, lead fund manager at Quilter Cheviot, said, “We a very pleased that FE has recognised that fund’s solid performance and lower volatility, when compared with the peer group, by a three crown rating. Providing a sustainable investment strategy, which does not compromise performance, is a priority for us at Quilter Cheviot.”
Interest in sustainable investment has been growing. A recent survey conducted as part of National Ethical Investment Week 2013 found that more than two-thirds of British investors want to be offered sustainable, responsible or ethical investment options. The trend of investors considering the impact their money has is what Quilter Cheviot has responded to.
Quiroz added, “In recent years we have seen an increasing number of clients becoming more interested in sustainable investment and wanting to invest their wealth in companies delivering a cleaner and more efficient economy.”
Quilter Cheviot was officially formed in June 2013, after the merger of the businesses Quilter & Co and Cheviot Asset Management was approved by financial regulators. The new firm manages some £15 billion of assets and was named best overall large company at the Citywire Wealth Manager Investment Performance Awards at the end of 2013.