# CAF launches new ethical investment product for charitable organisations

- Link: https://fundraising.co.uk/2006/11/04/caf-launches-new-ethical-investment-product-charitable-organisations/
- Published: 2006-11-04T00:00:00+00:00
- Author: Howard Lake

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.

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