Social responsibility investment fund launched

A new social investment fund has been launched by The Prince’s Trust.

The charity worked in collaboration with 12 private wealth management companies to create Invest & Give.

A total of 0.6 per cent of the fund’s annual 2.25 per cent costs will be donated to The Prince’s Trust.

This equates to £600,000, assuming an overall fund size of £100 million - even before Gift Aid is taken into account.

The Invest & Give fund itself will be managed by John Husselbee and will put money into a range of asset classes.

Lord Young of Graffham, president of The Prince’s Trust patrons network, said: ’For the very first time Invest & Give will align the interests of the City, individual investors and the community in an endeavour that will produce, over and above the usual returns because it will help young people back to work through the work of The Prince’s Trust.

’Invest & Give is setting a challenge to the financial community by creating a socially responsible investment and I hope that this will be but the first of many such funds in the years to come.’ADNFCR-2318-ID-19264250-ADNFCR