Stonehage Fleming IM adds sustainable multi-asset mandate

The SFIM Global Sustainable Investment Portfolios will lean on expertise from the firm's £7.4bn existing multi-asset investment process, but will take a "socially responsible" approach. The portfolios will initially invest in equities, fixed income, alternatives and cash. SFIM said that while the asset allocation and risk-adjusted targets will be very similar to its mainstream portfolios, the overlap between both will be low. This is because the fund managers of the sustainable portfolios "will be required to overcome different and demanding hurdles to be included, such as their...