Barclays announced the launch of the Multi-Impact Growth Fund, the first of its kind from a major UK bank, offering mainstream investors the opportunity to generate long-term capital growth whilst making a positive contribution to society.
The launch is in response to growing demand from the market for an investing approach that considers the societal effects of investments without compromising on seeking market-rate financial returns. Research by Barclays found that 56% of investors are interested in this type of product, but only 9% have already made an investment.
The Multi-Impact Growth Fund invests primarily in specialist third-party funds which have been identified and blended by Barclays’ experienced in-house fund and manager selection team. These funds have been selected as best-in-class based on both their potential for strong financial returns and the consideration of their impact around key social and environmental issues such as climate or demographic changes, according to Barclays.
The Fund is the first Barclays product in the wider impact investing proposition being developed by Barclays and will be available to retail investors on the direct investing platform, Smart Investor, as well as to high net worth individuals through Barclays Wealth & Investments and Private Bank and Overseas Services.