CCLA introduces global equity fund

CCLA Investment Management (CCLA IM) has launched its first strategy for individual investors, a global equity fund.

The CCLA Better World Global Equity Fund is a Ucits fund headquartered in the United Kingdom that invests in global firms with sustainable long-term business models, positive free cash flows, and those well-positioned to profit from long-term secular trends.

The manager, who has previously concentrated on charitable donors, seeded the fund with a total of £230 million. James Ayre and Charlotte Ryland, co-heads of investment at CCLA, will manage the fund. Ayre and Ryland have overseen the company's current global equity strategy for non-profit clients for 15 and 6 years, respectively.

Morningstar data indicates that the fund returned -0.4 percent over one year and 11.5 percent over three years, whereas the MSCI World High Dividend Yield NR USD returned -10.1 percent over one year and 4.5 percent over three years.

The new fund will attempt to match CCLA's worldwide approach and is open to wealth managers for investment. The company is presently seeking distribution agreements with direct-to-consumer and intermediate platforms in the United Kingdom.

“This offering will appeal to those investors seeking good performance combined with a genuine and authentic approach to ESG and sustainable investing,” said CCLA’s Jasper Berens, head of client relationships and distribution. 

The actively managed fund will prioritise engagement with investee firms and evaluate their environmental, social, and governance credentials to guarantee that they are sustainable enterprises.

By fLEXI tEAM