Evelyn Partners has reshuffled its sustainable Managed Portfolio Service (SMPS) range with the addition of three new equity funds.
The Atlas Global Infrastructure, Alquity Future World and iShares MSCI Japan ETF have been added following the firm’s latest SMPS rebalance.
Atlas Global Infrastructure is a concentrated, sector-agnostic portfolio consisting of 18-30 developed market infrastructure company stocks.
The fund is heavily focused on the expected impact of energy transition and policy scenarios on company cashflows.
Meanwhile, Alquity Future World has been added to replace the Stewart Global Emerging Markets Sustainability fund, as the latter demonstrated a high correlation to holdings in the Stewart Asia Pacific Sustainability fund.
Alquity Future World is a small emerging and frontier fund which invests in 50-75 stocks with robust sustainability credentials.
The iShares MSCI Japan SRI ETF has replaced the Xtrackers MSCI ESG Japan ETF. The firm cited the fund was “more concentrated and offers greater diversification benefits than the product it replaces”.
The newly-added fund aims to replicate the MSCI Japan SRI Select Reduced Fossil Fuel Index, which tracks the performance of companies with superior ESG ratings.
Genevra Banszky von Ambroz, lead manager of the Evelyn Partners Sustainable MPS, said: “The overall intention of this rebalance was to further improve diversification across the portfolios whilst taking advantage of market opportunities where they present themselves, after what has been a punishing quarter for most asset classes.”
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