The latest in fund management across the UK, Europe, Middle East and Africa.

LGIM
Legal & General Investment Management (LGIM) has launched a unit trust version of its Future World Fund. 

The L&G Future World Equity Factors Index Fund mirrors the Future World Fund launched in November 2016. 

It is managed by LGIM’ index team, and it aims to provide both capital and income growth by tracking the performance of the FTSE All-World ex CW Climate Balanced Factor Index.

The fund incorporates a “climate tilt” allowing it to reduce exposure to companies with worse-than-average carbon emissions and exposure to fossil fuels, whilst increasing exposure to companies that seek to generate revenue from low-carbon assets.

It targets better risk-adjusted equity returns than a traditional index strategy by including investment ’factors’ – characteristics of assets that help explain their risk and return, being value, low volatility, quality and size , in the design of its benchmark index.

The fund incorporates LGIM’s Climate Impact Pledge, in which it commits to engage with the world’s largest companies that will need to adapt their business models and drive innovation in order to meet global climate change goals.

Miton
Miton, the asset management group, is expanding its multi asset fund range with the launch of the LF Miton Balanced Multi Asset Fund, on 29 January.

The globally invested, mixed-asset fund will seek to deliver equity-like returns over the long-term, with an ability to temper the downside. 

The fund will be managed by David Jane, Anthony Rayner and Henna Hemnani, who collectively have over 50 years’ experience.

As with the other Miton multi asset products, the fund will invest in baskets of individual securities rather than investing in other funds. The fund will unconstrained by benchmarks giving it the ability to temper downside risk by aggressively managing equity exposure.

At launch, the portfolio is expected to have around 70 per cent allocation to equities, 20 per cent to bonds and 10 per cent in cash. The largest equity exposures will be to Japan, Europe and Asia.

Some of the themes the team is currently focused on include the digital revolution, robotics and the emerging consumer. 

Kuber Ventures
Fund investment platform Kuber Ventures has added four funds to its tax-efficient investment platform.

The four Enterprise Investment Scheme (EIS)/Seed Enterprise Investment Scheme (SEIS) funds offer investors access to emerging companies in the technology and media sector. 

In addition to the investment benefits of the funds, Kuber is confident investors will benefit from increased diversification possible in a broader investment range.

The four funds added to the Kuber platform are:
 •        Deepbridge Life Sciences EIS: managed by Enterprise Investment Partners, the fund invests across emerging companies in the life science sector. The fund offers investments in a diversified portfolio of up to ten investee companies that participate in Biopharmaceuticals, Biotechnology or Medical Technology.
 
•        Velocity Consumer Technology EIS Fund: managed by Thompson Taraz Managers, the fund invests in consumer technology companies. The focus on the fund is technology companies that have the potential to deliver capital and jobs creation.
 
•        Symvan Technology SEIS Fund: managed by Symvan Capital, the fund offers investments in investee companies that will, in most cases, require between £100,000 ($139,000) and £150,000 in seed and early-stage funding with most of the investee companies being start-ups.
 
•        Atlantic Screen Media EIS: managed by Kin Capital Partners, the fund focuses on three segments: music scores for film and television, comic books and TV series development. The fund offers investments in shares in companies operating predominantly in these segments of the industry.

Newton Investment Management
Newton Investment Management has launched the Newton Sustainable Global Equity Fund for UK institutional and retail investors, as well as charity clients.

The fund is managed by Newton IM and belongs to the BNY Mellon Investment Funds range. It seeks to outperform the MSCI AC World (NDR) Index over a rolling five-year period.

The Newton Sustainable Global Equity Fund is managed by Terry Coles. It is a concentrated global portfolio of 50 stocks or fewer, invested in businesses with durable financial and competitive positions which positively manage the material impacts of their operations and products on the environment and society.