Aberdeen Standard and Big Issue launch climate fund

The Multi-Asset Climate Solutions (MACS) Fund has launched, affording investors the opportunity to invest in products and services that can play a decisive role in mitigating climate change and building a more sustainable future.

Created by Aberdeen Standard Investments and The Big Issue Group, as a multi-asset fund it enables investment across a range of different assets classes, spreading risk across equities, bonds and real estate.

The Fund will invest in renewable energy, electric vehicles, smart working, energy efficient buildings and other green technologies. While it is driven primarily by its positive selection criteria, it will ensure it has no exposure to fossil fuel producers and a list of other controversial activities.

The Fund will also benefit from guidance from the Climate Advisory Group which includes external experts whose responsibility is to review the investment framework. Aberdeen Standard Investments (ASI) has furthermore committed to sharing 20 per cent of the net revenue generated by the Fund to support The Big Issue’s social causes.

MACS will be managed by lead fund manager, Craig Mackenzie, head of strategic asset allocation, as well as Chris Paine, investment manager, and Fiona Ritchie, ESG investment manager, multi-asset solutions.

Nigel Kershaw OBE, Chair of The Big Issue Group, commented: “The Big Issue’s mission is to build a world that works for everyone, for now and for future generations. This Fund is a natural extension of our mission, given that the negative effects of climate change are likely to have a disproportionate impact on vulnerable people across the world. We are proud of our partnership with Aberdeen Standard Investments and are excited to bring such an innovative product to market.”

MACS will initially be available to financial advisers through Standard Life’s Wrap and Elevate platforms, amongst other in due course. After the Fund has been assessed, retail investors will also be able to access it directly through The Big Exchange, the UK’s first online investment platform to only list funds that are rated for their positive impact on the planet and society.

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