Rathbones' Jones expands ESG reach for Ethical Bond fund

Looking overseas for more sustainable ideas

Bryn Jones has revealed he has started to look for more sustainable and ethical ideas overseas for his £1.6bn Rathbone Ethical Bond fund.

The manager, who is assisted on the fund by Noelle Cazalis, said he would only be investing in dollar- and euro-denominated assets as they are "easy" to hedge and would not "be going outside of there". "We are looking for dollar- and euro-denominated assets that we will hedge back to sterling, so we are not going to be taking currency risk," he explained. "What we are trying to do is evolve the process we have put into finding very strong assets in the UK to add a bit more of a global tilt to some of the assets we are looking at." He has also been building up cash reserves in the f...