Bryn Jones’ Rathbones Ethical Bond fund has passed a milestone for sustainable fixed income products surpassing £1bn in assets under management.
The fund, managed by Jones with assistant manager Noelle Cazalis, is first quartile over every period over the last five years, according to FE data.
Fund Strategy understands the fund has just passed the milestone and Rathbones confirms as of today the fund holds £1,011m. It is the only ethical bond fund with more than £1bn, FE data shows.
The fund now holds more than double the assets of the next largest ethical funds in the IA Sterling Corporate Bond sector – the £458m Kames Ethical Corporate Bond fund and £451.1m Liontrust Sustainable Future Corporate Bond fund.
The £4.8bn Pictet Water fund is the largest ethical fund across sectors, according to FE data. The thematic equities fund, managed by Hans Peter Portner and Arnaud Bisschop, invests in companies operating in water supply, processing services, water technology and environmental services.
After Jones’ fund the M&G Global Select fund is the next largest across sectors with £787.4m.
M&G and Candriam both announced last week they would be launching responsibly invested high yield funds.
Largest ethical/sustainable funds in IA Sterling Corporate Bond sector (performance %)
|Fund||1 year||3 years||5 years|
Ethical Corporate Bond
Sustainable Future Corporate Bond
Largest ethical funds across IA sectors (performance %)
|Fund||IA sector||1 year||3 years||5 years|
|Sterling Corporate Bond||10.6||20.3||40.9|
|M&G Global Select||Global||12||48.1||91.5|