Federated Hermes Limited has been appointed by CCLA, the UK’s largest charity fund manager, as the portfolio manager for two of its fixed income funds: The CBF Church of England Fixed Interest Securities Fund and the COIF Charities Fixed Interest Fund. Client relationship management, oversight and fund administration and determining the funds’ investment exclusions policy remains the responsibility of CCLA.
CCLA aims to deliver superior, sustainable risk-adjusted returns to its clients in a way that aligns with their values and furthers their mission. Sharing similar values and philosophy, the fixed income team at Federated Hermes Limited has been appointed for its innovative and progressive approach to responsible investing. The team will embed forward-looking sustainability appraisals into their investment process using its proprietary framework which assesses sustainability and ESG factors of a company, including progress and impact towards decarbonization, within the investment limitations established by CCLA. The team will also draw upon expertise from EOS at Federated Hermes, the firm’s stewardship team arm advising on $1.6 trillion of assets, to incorporate engagement insights into their decision making.
Fraser Lundie, Head of Fixed Income (Public Markets) and Portfolio Manager of the Funds, at Federated Hermes Limited: “As flexible and diligent investors, we are able to offer solutions with a blend of expertise across the full fixed income spectrum to meet the exact needs of our clients. Our capabilities in doing so mean we can adhere to bespoke screening and exclusionary criteria whilst engaging for positive change to align with CCLA. CCLA sets the bar high when it comes to delivering sustainable and mission-led returns, something which we as investors also pride ourselves on. We are extremely pleased to be working with them and adding such complementary products to our existing suite.”