Cheviot introduces multi-asset climate fund

Discretionary boutique Cheviot Asset Management is set to launch a new multi-asset climate change fund.

Targeting a 3% income yield, the Cheviot Climate Assets fund will invest in a global basket of bonds, commodities and equities across the themes of energy, food, health, resources and water.

It is expected to have between 50 to 60 holdings, consisting of 57.5% equities, 30% fixed interest, 10% cash and 2.5% alternatives.

Claudia Quiroz, formerly part of the team managing Henderson's Industries of the Future fund, will run the portfolio.

"Our investment process is both top down and bottom up. We aim to reflect our views on asset class and region allocation through the portfolio and support these with conviction ideas within our five investment themes," she says.

The UK-domiciled fund, due to launch in December, will have a £1,000 minimum investment and 1.5% AMC.