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25/11/10
Cheviot Asset Management, one of the UK’s largest independently owned discretionary investment firms, is pleased to announce that its Climate Assets Fund won “Best New Entrant” at last night’s prestigious Climate Change Awards.
The awards are hosted at the House of Commons and are now in their third year. They were set up to recognise investments funds which support and invest in new technologies to address the challenges posed by climate change.
The Climate Assets Fund was conceived and designed to deliver competitive investment returns through adopting a global multi-asset approach with an above average dividend yield. In contrast to many funds in the sector, the Climate Assets Fund focuses on mid to large cap companies that have shown high levels of profitability.
Since launch the Fund has produced a total return of 9.17%. At the end of October the Fund ranked in the first decile of its Lipper peer group since launch*.
In selecting the Cheviot Climate Assets Fund the judges said:
“The investment focus was spot on, the fund offers a multi-asset spread of investment, a good yield at 3.5%, and is already delivering quality performance.”
Claudia Quiroz, Fund Manager of the Climate Assets Fund, commented:
“At Cheviot, we believe that sustainable investing offers great opportunities for investors. We are delighted that the judges have recognised the quality of our Fund offering. The Climate Assets Fund is both unique and innovative and the Best New Entrant Award validates our approach and commitment to sustainable investing. ”
*Lipper. Basis: Mid to mid, gross income reinvested and net of fees in GBP. 01/03/10 – 31/10/10 |
