The fund is being offered to commercials, private client, and retail investors
Barclay’s Multi-Impact Growth Fund is the bank’s first mainstream impact investing product.
The U.K.-based social investment firm Big Society Capital is committing £5 million ($6.8 million) as the first investor in the fund, which is being offered to commercials, private client, and retail investors.
The Multi-Impact Growth Fund was developed to meet clients’ demand for impact products, Barclays’ Damian Payiatakis says.
The fund is structured as a UCITS (for “Undertakings for Collective Investment in Transferable Securities”), the most common European-style mutual fund among small investors. It will invest in other impact-focused stock portfolios and bonds.
Barclays impact fund-of-funds gets Big Society capital was originally published in ImpactAlpha on Medium, where people are continuing the conversation by highlighting and responding to this story.
This post was originally published on ImpactAlpha.com
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