Harbour releases inaugural impact report
Launched at the end of November 2021 as the market began to fall, the fund is now worth $4.5 million. Not an ideal time to bring a new fund to market, says portfolio manager Chris Di Leva, but he’s comfortable with its performance to date.
“We didn’t expect this to be a big fund from day one, but it’s been pleasing to see how it’s navigated this market volatility and delivered returns that are very much comparable with mainstream 60/40 funds,” he says.
The 60/40 refers to the fund’s allocation of growth and defensive assets, spread between listed and private equity (global and domestic), bonds and a smidgeon of venture capital investment.
But unlike most impact funds, which are open only to wholesale investors, Harbour’s is accessible to the retail market. The asset mix means it’s not regarded as particularly high risk and the exposure to venture capital will be limited to somewhere between 5% and 10%.
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