Wealth manager and Financial Planner Evelyn Partners has added two new funds to its Sustainable MPS in its latest rebalance.

It took positions in the Trium Climate Impact and Regan Sustainable Water and Waste funds as it primarily continued to allocate to US and core-style global equity funds.

Trium Climate Impact is a market neutral hedge fund which invests in mid and large cap climate solutions in its long book and hedges out volatility, factor and style risk in its short book. The fund targets a return of cash plus 6-8% and volatility of 6-8% with low correlation to traditional asset classes and driving positive environmental outcomes.  

Within the moderate to higher risk models the team switched out of the RobecoSAM Smart Materials into the Regnan Sustainable Water and Waste fund.

The team also added to its positions in the FTGF ClearBridge US Equity Sustainability Leaders and Brown US Sustainable Growth funds.

In global equities, they added to holdings in the Impax Environmental Markets, Schroder Global Sustainable Value, CT Responsible Global Equity, Baillie Gifford Responsible Global Equity Income and Federated Hermes Global Equity funds.  

Within fixed income the managed continued to favour sovereign bonds over corporate credit.

Evelyn Partners is a wealth management and professional services group, created following the merger of Tilney and Smith & Williamson in 2020. With £59.1bn of assets under management (as at 31 December 2023) it is one the largest UK wealth managers and also the seventh largest UK accountancy firm ranked by fee income (source: Accountancy Age 50+50 rankings, 2023).

It has a network of offices across 29 towns and cities in the UK, as well as the Republic of Ireland and the Channel Islands. Through its operating companies, the Group offers financial and professional services to individuals, family trusts, professional intermediaries, charities and businesses.