Charity multi-asset funds
Our two charity funds provide exposure to a wide range of asset classes, while looking to optimise capital growth and income within their respective risk profiles. The Rathbone Core Investment Fund for Charities and the Rathbone Active Income and Growth Fund are designed to meet long-term investment objectives of UK charities*. Committed to our philanthropic tradition, our funds adhere to an ethical investment policy, screening and excluding investments that do not meet our ethical criteria.
RATHBONE CORE INVESTMENT FUND
The fund's objective is to achieve long term capital growth and a level of income while employing a total return approach. The fund's management fees are exempt from VAT.
Client suitability: investors should be medium risk charities, seeking to achieve long-term returns generated from a mixture of capital growth and income, with lower levels of volatility than equity markets. This means that they should be able to commit money to these investments for a minimum of five years, or longer if necessary.
Ethical investment policy: the fund will not invest directly in companies manufacturing tobacco or tobacco products, or companies that derive more than 10% of their revenues from the manufacture of alcoholic beverages, armaments, gambling, high interest rate lending or pornography.
Date launched: 3 October 2016
For more information, please contact Gareth Pearl on 020 7399 0016 or email gareth.pearl@rathbones.com
Gareth Pearl
Investment director
Gareth Pearl
Investment director
Gareth is an Investment Director who manages portfolios on behalf of charities and other not-for-profit organisations. Gareth joined Rathbones in 2015 from Quilter Cheviot. Prior to this, he graduated from the University of Nottingham in 2012 with a BA (Hons) degree in Politics. He is a member of Rathbones’ Portfolio Construction Committee and Engagement Committee.
Gareth is a Chartered Fellow of the CISI (FCSI) and obtained the Masters in Wealth Management in 2014. He has passed the CISI Professional Assessment in Sustainable and Responsible Investment. He has attended the Cass Business School “Charity Investment – Theory and Practice” course, the leading investment course for charities in the UK. Gareth is a governor of a primary school in East London.
Gareth is an Investment Director who manages portfolios on behalf of charities and other not-for-profit organisations. Gareth joined Rathbones in 2015 from Quilter Cheviot. Prior to this, he graduated from the University of Nottingham in 2012 with a BA (Hons) degree in Politics. He is a member of Rathbones’ Portfolio Construction Committee and Engagement Committee.
Gareth is a Chartered Fellow of the CISI (FCSI) and obtained the Masters in Wealth Management in 2014. He has passed the CISI Professional Assessment in Sustainable and Responsible Investment. He has attended the Cass Business School “Charity Investment – Theory and Practice” course, the leading investment course for charities in the UK. Gareth is a governor of a primary school in East London.
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Rathbone Active Income and Growth Fund
The fund’s objective is to achieve a total return of between 3% and 4% above the Consumer Price Index (CPI) over a rolling five-year period. The fund has a targeted risk budget of two-thirds of the volatility of global equities as measured by the MSCI World Equity index. In short the fund seeks to achieve equity-like returns with less than equity risk, together with a sustainable income yield. The fund’s management fees are exempt from VAT.
Client suitability: investors should be medium risk charities, seeking to achieve long-term returns generated from a mixture of capital growth and income, with lower levels of volatility than equity markets. If equities go down, investors might expect drawdowns typically of as much as two-thirds of equity market falls or possibly more in extreme market events. This means that they should be able to commit money to these investments for a minimum of three years, or longer if necessary.
Ethical investment policy: the fund is subject to certain ethical investment constraints and will aim not to have any direct exposure to companies that generate more than 20% of their turnover from tobacco, gambling, high interest rate lending or pornography.
Date launched: 9 July 2012
James Ayre
Head of investments, Charities
James Ayre
Head of investments, Charities
James joined Rathbones in 2023 as Head of Investments, Charities, following his previous role as Co-Head of Investments at CCLA Investment Management, where he was responsible for the management of their multi-asset and global equity funds.
James has a BA in History from Leicester University, is a Chartered Fellow of the CISI (FCSI) and holds a Certificate in Business Accounting.
James joined Rathbones in 2023 as Head of Investments, Charities, following his previous role as Co-Head of Investments at CCLA Investment Management, where he was responsible for the management of their multi-asset and global equity funds.
James has a BA in History from Leicester University, is a Chartered Fellow of the CISI (FCSI) and holds a Certificate in Business Accounting.
Rob Lapsley
Portfolio Manager, Charities
Rob Lapsley
Portfolio Manager, Charities
Rob joined Rathbones in August 2024 from CCLA Investment Management, where he was a portfolio manager on their multi-asset and global equity funds. Prior to that, Rob was a senior analyst at Selector Funds Management in Sydney, working on high-conviction Australian equity funds. Rob has managed investment portfolios for a variety of charities, not-for-profit organisations, pension funds and retail investors.
Rob has a BA in Economics from the University of Sydney and is a CFA charterholder.
Rob joined Rathbones in August 2024 from CCLA Investment Management, where he was a portfolio manager on their multi-asset and global equity funds. Prior to that, Rob was a senior analyst at Selector Funds Management in Sydney, working on high-conviction Australian equity funds. Rob has managed investment portfolios for a variety of charities, not-for-profit organisations, pension funds and retail investors.
Rob has a BA in Economics from the University of Sydney and is a CFA charterholder.