Last checked at 28 Jul 2022 07:00
Schroder BSC Social Impact Trust plc
Investor Update - July 2022, for the period April to June
The Board of Schroder BSC Social Impact Trust plc (the "Company"), which provides a unique investment opportunity to address UK social challenges, is pleased to announce the publication of its latest Investor Update.
Highlights in the period:
· Fully committed, with 80% drawn into private market social impact investments, which continue to perform in line with plan.
· Liquid ESG investments1 (19%) expected to detract overall from full year performance with weakness in credit markets.
· First annual Impact Report published 14 June, highlighting the portfolio is benefiting more than 160,000 people of whom at least 90% are disadvantaged and vulnerable.
· Continuing to see attractive opportunities across Company target asset classes with ongoing pipeline and policy engagement for future fundraises.
· Recent Portfolio Manager report on Social Outcomes Contracts, "Outcomes for All", launched at Parliament event on 21 June - showing outcomes contracts have generated £1.4bn of public value to date, with every £1 spent by commissioners generating over £10 in public value.
1Liquid ESG investments used to mitigate cash drag of capital awaiting deployment; the Trust charges no fees on the LESG part of the portfolio.
The latest Investor Update can be found on the Company's website using the following link: https://www.schroders.com/en/uk/private-investor/fund-centre/funds-in-focus/investment-trusts/schroders-investment-trusts/schroder-bsc-social-impact-trust/
For further information, please contact:
Schroders | |
Jonathon McManus Augustine Chipungu (Press) | 0207 658 4667 0207 658 2016 |
Big Society Capital | |
Georgette Harrison/Emma Hickinbotham, Senior Communications Directors (job share)
| georgette-emma@bigsocietycapital.com
|
Winterflood Securities Limited | 020 3100 0000 |
Neil Langford Chris Mills |
About Schroder BSC Social Impact Trust plc
The Company was launched in December 2020, with the objective to enable access to high social impact investment opportunities in private markets - tackling social challenges across the UK. The Company aims to build a diversified portfolio across asset classes, targeting sustainable returns, demonstrable social impact, and low correlation to traditional public markets.
Further information about the Company can be found on its website at www.schroders.com/SBSI
About Big Society Capital
Big Society Capital exists to improve the lives of people in the UK through social impact investing. We unite ideas, expertise and capital to create investment solutions for the UK's social challenges, supporting organisations that deliver both positive social impact and sustainable financial returns. So far, we have helped channel £2.5 billion* into investments tackling a wide range of problems such as homelessness, mental ill health, and childhood obesity.
To widen access to social impact investing, we have partnered with Schroders, a global asset and wealth manager, to launch the listed Schroder BSC Social Impact Trust plc. As the portfolio manager, we provide investors with high impact investments that contribute to solutions to social challenges alongside targeting long-term capital growth and income.
Further information about Big Society Capital can be found at www.bigsocietycapital.com
*As at 31 December 2021
About Schroders plc
Schroders plc
Founded in 1804, Schroders is one of Europe's largest independent investment management firms by assets under management. As at 31 December 2021, assets under management were £731.6 billion (€871.3 billion; $990.9 billion). The founding family remain a core shareholder, holding approximately 48% of the firm's voting shares. Schroders has continued to deliver strong financial results. It has a market capitalisation of circa £8 billion and employs over 5,700 people across 37 locations.
Schroders has benefited from the most diverse business model of any UK asset manager by geography, by asset class and by client type. Schroders offers innovative products and solutions across their five business areas of solutions; institutional; mutual funds; private assets & alternatives; and wealth management. Clients include insurance companies, pension schemes, sovereign wealth funds, endowments and foundations. They also manage assets for end clients as part of their relationships with distributors, financial advisers and online platforms. Schroders' Wealth Management offering reflects their strategic ambition to provide wealth management and financial planning services to clients across the wealth spectrum.
Schroders' strategic aims are to grow their asset management business, build closer relationships with end clients and expand their private assets and alternatives business. Schroders' purpose is to provide excellent investment performance to clients through active management. The business channels capital into sustainable and durable businesses to accelerate positive change in the world. Schroders' business philosophy is based on the belief that if we deliver for clients, we deliver for Shareholders and other stakeholders.
Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.