Investors are being offered a unique way to give to charity and invest for the long-term without sacrificing their returns.

Invest & Give is a partnership between 12 UK fund management companies and the Prince’s Trust, a youth charity that provides young people with the skills and qualifications needed to find employment.

The Invest & Give fund, which takes a multi-manager approach, aims to achieve long-term capital growth by investing across asset classes, regions and investment funds.

Managed by John Husselbee, chief executive of multi-manager boutique North, the fund has an estimated annual management cost (TER) of 2.25 per cent, which is in line with the industry average, and 0.6 per cent of this cost is donated directly to The Prince’s Trust.

On top of this, following an HMRC concession, donations through investments made by UK taxpayers will also have the added benefit of Gift Aid, which equates to an extra 28p for every £1.

Campbell Fleming, a co-ordinator of the Invest & Give fund initiative, says, ‘We have developed a simple, competitive product for investors with a pricing structure that enables them to give without noticing.’

The fund has an initial offer period, running from 10 July 2009 to 17 August 2009 during which the initial charge will be one per cent, (two per cent subsequently). The minimum investment is £1000. For more information, visit www.investandgive.co.uk or call 0844 931 1000.