The fund will benefit from Barclays’ global investment capabilities and will enable charities to maximise returns by investing across nine different asset classes.
The fund has an ethical investment strategy: it will not have direct exposure to companies that generate more than a small proportion of their turnover from tobacco, arms, pornography and gambling.
Edward Kirwan, Head of Discretionary Portfolio Management, Charities, Wealth and Investment Management, said:
“Our charity clients want a focused, responsibly invested, tax-efficient portfolio packaged in the simplest, and most efficient and cost effective manner possible. The Barclays Charity Fund has been developed as a result of our considerable experience supporting these clients.
“Aimed at long term investors, with a time horizon of ten years plus, the fund seeks to provide a sustainable level of income, together with the prospect of both growth in capital and income through investment in a diversified portfolio of assets, although subject to investment risk.”