Barclay’s Multi-Impact Growth Fund is the bank’s first mainstream impact investing product.
The U.K.-based social investment firm Big Society Capital is committing £5 million ($6.8 million) as the first investor in the fund, which is being offered to commercials, private client, and retail investors.
The Multi-Impact Growth Fund was developed to meet clients’ demand for impact products, Barclays’ Damian Payiatakis says.
The fund is structured as a UCITS (for “Undertakings for Collective Investment in Transferable Securities”), the most common European-style mutual fund among small investors. It will invest in other impact-focused stock portfolios and bonds.