CAF launches new ethical investment product for charitable organisations
Howard Lake | 4 November 2006 | News
CAF (Charities Aid Foundation) has launched its Socially Responsible Portfolio to help deliver financial returns for charitable organisations consistent with strict ethical principles.
The investment policy of the Portfolio, developed in collaboration with F&C Asset Management plc (F&C), allows investment in shares only of companies whose products and services “make a positive contribution to society and the environment, and that uphold high standards of corporate behaviour”.
The Portfolio replaces CAF’s Socially Responsible Fund which was launched in 2000 and which has over £11 million of assets under management from more than 200 charities.
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The CAF Socially Responsible Portfolio initially comprises two funds in F&C’s ethical Stewardship range, allowing charitable organisations access to the funds at a reduced cost.
Ron Green, Senior Manager of CAF’s Charity Financial Services, explained: “This kind of investment product is unique in the voluntary sector and harnesses the expertise of Europe’s leading socially responsible investment manager. The Stewardship Funds shatter the myth that socially responsible investments cannot perform as well, or indeed, better than many mainstream funds.”
CAF has reassured clients that all transfers from the Socially Responsible Fund to the new Socially Responsible Portfolio will be free of charge and will not result in an increase of fees for investors.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.