Threadneedle and Big Issue Invest plan social bond fund

HomelessThreadneedle Investments and Big Issue Invest, the social investment arm of The Big Issue magazine for the homeless, are to launch the Threadneedle UK Social Bond Fund. With £10 million (€7.4 million) of seed investment from Big Society Capital, a social investment bank, and £5 million from Threadneedle Investments, the fund is scheduled to launch in January next year. Simon Bond, credit fund manager at Threadneedle Investments, will manage the fund. Its stated aim is to achieve both an investment return and a positive social outcome by investing in fixed income securities of organisations that support socially beneficial activities and economic development. Nigel Kershaw, chief executive of Big Issue Invest, says his team has developed a unique social assessment methodology, with input from the asset manager’s governance and responsible investment team. The minimum investment will be £2,000 when accessed via UK platforms. It has an annual management charge of 0.3% for both retail and institutional investors, and there is no performance fee. ©2013 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.