British banking group Barclays has introduced a new fund, dubbed Multi-Impact Growth Fund, which will let investors grow their capital while making a positive impact on the society.
The new vehicle will mainly invest in specialist third-party funds, which offer potential for high returns and positively affect social and environmental issues including climate or demographic changes.
The UCITS-compliant fund will provide a liquid portfolio covering equities and bonds and different geographies.
The new offering can be accessed by retail investors on the direct investing platform named Smart Investor, high-net-worth (HNW) individuals through Barclays Wealth & Investments and Private Bank and Overseas Services.
Barclays director of the impact investing business Damian Payiatakis said: “We see the growing trend of impact investing being driven by many factors, including a demand from investors who are socially and environmentally conscious and want their investments to reflect their attitudes. Our objective, therefore, has been to develop a new and innovative approach that will make impact investing accessible for those looking into these products for the first time.
“The launch of this precedent-setting Fund also demonstrates Barclays’ commitment to building its Impact Investing business and providing financial solutions for global challenges, as part of its Shared Growth Ambition.”