Iveagh Private Investment House, the Guinness family office, is to launch a new share class for the Iveagh Wealth Fund to enable UK charities to invest in the fund at a reduced charge of 1.4% annual management charge rather than the normal 1.5% fee.

As part of a long-term partnership with the National Council for Voluntary Organisations (NCVO), the share class will be branded the ‘NCVO share class’ and will be open to all UK registered charities.

In addition to the reduced charge, a portion of the fees generated by investment in the NCVO share class will be used to create The Iveagh Bursary, a new educational fund to help smaller NCVO members to participate in NCVO conferences and events.

Stuart Etherington, chief executive of NCVO, says, “We have been impressed with the way Iveagh’s fund is run so we’re delighted charities can now take advantage of their strong record on investments at a reduced rate as well as helping smaller charities develop and improve themselves through the bursary fund.”

Lord Iveagh, chairman of Iveagh Private Investment House, says, “The Guinness family has a great tradition of philanthropy since the brewing company started more than 250 years ago and nothing pleases me more than to be able to extend this tradition to the Iveagh Wealth Fund.”

Performance data, charts and a factsheet about the fund are also available on Trustnet.