Why a fund of funds?
A fund of funds invests into a number of different funds, rather than directly into shares, bonds or other investment types. As it is a collective investment, it pools investors’ monies – meaning that each is able to access more investment opportunities than they may be able to alone. A fund of funds also allows more choice within one investment, allowing simple diversification of a portfolio.
Using funds of funds has a number of benefits for the serious investor:
- cost effective entry to the world’s investment markets
- access to investments that are not directly available to retail investors
- greater diversification in a personal investment portfolio
- tax-efficient; no CGT on gains within the fund of funds
- active management of the underlying funds
As climate change is a relatively new arena for investment, and many companies are only just starting out, it is difficult to tell who will be the winners and losers at this stage. A fund of funds is ideally placed to provide the diversification that is required to moderate the risk of single sector investment.
It is generally accepted that the element of risk in equity investment can be reduced through diversification and active management – these are precisely the advantages that the WAY Green Portfolio Fund can provide.