UK LISTED EQUITY FUND
Launched in July 2018, the UK Listed Equity Fund is internally managed and invests in UK-listed companies. The Fund has adopted a low-risk approach and aims to outperform the FTSE All-Share by at least 1% a year over rolling three-year periods.
OVERSEAS DEVELOPED MARKETS EQUITY FUND
Launched in July 2018, the Overseas Developed markets Equity Fund is internally managed and invests in the listed equities issued by overseas companies in developed countries (United States, Japan, Pacific ex-Japan, and Europe ex-UK). It aims to outperform a composite benchmark by at least 1% a year over rolling three-year periods.
EMERGING MARKETS EQUITY FUND
Launched in October 2018, the Emerging Markets Equity Fund is a hybrid fund which blends internal management with an externally managed China sleeve. It invests in listed equities issued by companies in emerging market economies. It aims to outperform the FTSE Emerging Markets index by at least 1.5% a year over rolling three-year periods.
UK LISTED EQUITY ALPHA FUND
Launched in December 2018, the externally managed UK Listed Equity Alpha Fund combines four complementary investment strategies which invest in listed equities on the UK market. It aims to outperform the FTSE All Share index by 2% a year.
GLOBAL EQUITY ALPHA FUND
Launched in October 2019, the Global Equity Alpha Fund is externally managed and combines five complementary investment styles to create a portfolio of global listed equities. It aims to outperform the MSCI ACWI by 2% a year.
LISTED ALTERNATIVES FUND
Launched in February 2022, the Listed Alternatives Fund is internally managed and invests in listed equities that provide exposure to alternative assets.
Sterling Index-Linked Bond Fund
Launched in October 2020, the internally managed Sterling Index-Linked Bond Fund invests in the inflation-linked debt of the UK government, as well as sterling denominated corporate and supranational inflation-linked debt. It aims to outperform the total return of the FTSE A Index Linked Gilts > 15 years Index by at least 0.2% over rolling five year periods.
Sterling Investment Grade Credit Fund
Launched in March 2020, the externally managed Sterling Investment Grade Credit Fund invests primarily in sterling-denominated debt of investment grade companies via three complementary managers. It aims to outperform the iBoxx Sterling Non-Gilts Index by at least 0.6% a year over rolling five year periods.
Multi Asset Credit Fund
Launched in November 2021, the externally managed Multi-Asset Credit Fund provides exposure to specialist global fixed income assets. It aims to outperform the Sterling Overnight Interbank Average (SONIA) by 3-4% over rolling five-year periods.
The Infrastructure offering targets investments into infrastructure assets and related companies, with the objective of delivering long-term annual net returns of 8% generated through a combination of income and capital return. Infrastructure investments provide exposure to assets that deliver, or facilitate, essential services which support economic growth, generate productivity and underpin societal and business operations.
The Private Equity offering aims to invest into private companies via equity positions, with the objective of delivering a long-term annual net return of 10%. Investments will be made on a global basis across a range of strategies (‘Buyout’, ‘Special Situations’, ‘Growth’ and ‘Venture’), geographies and company size. Such investments typically provide long term capital to privately traded companies in order to support growth or provide liquidity to shareholders.
The Private Credit offering seeks to invest in a variety of private credit instruments, with the objective of delivering a long-term annual net return of 6%. Private credit investments typically provide capital to privately held companies to support growth, refinancing, mergers and acquisitions, or to provide liquidity or capital structuring solutions.
The Climate Opportunities offering will target investments that will have a material positive impact on climate change and support long-term net zero carbon emission goals. It includes investments across private equity, infrastructure and private credit.
We are currently developing our real estate investment management capabilities on behalf of our Partner Funds, with the first propositions expected to launch in 2023. This section will be updated in due course.