Investor Briefing
Image
CCLA bolsters distribution team with triple hire to drive expansion into UK retail market
Sam Pennefather, Samuel Lynes and Alexandra Dacres-Hogg join CCLA’s retail distribution team in newly created roles to spearhead CCLA’s new wealth, intermediary and retail business.
CCLA enters UK retail market with launch of the Better World Global Equity Fund
In April 2022, the CCLA Better World Global Equity Fund was launched in response to demand from trustees and those working with our not-for-profit clients wishing to invest their own money in the sustainability strategies with which they have grown familiar.
Investment markets and our positioning
As with other long-term investors, CCLA’s multi-asset portfolios have seen significant falls in capital value over the calendar year to date. ‘Alternative’ assets such as commercial property and infrastructure have on balance delivered positive returns, but these have been outweighed by negative returns from the funds’ dominant equities component.
Momentous ruling by the UK High Court
A new High Court judgement has ruled on trustees’ ability to align their investments with their charities’ values. The judgment has clarified that trustees 'need to' undertake a balancing exercise between maximising their returns and avoiding investments that could contradict their aims. We believe that this ruling should make trustees more confident in their ability to align their investments with their charitable missions. However, we do not believe that they necessarily have to sacrifice returns to achieve this.
Ben Funnell joins CCLA as Head of Investment Solutions
New appointment completes reorganisation of CCLA’s investment team
