New CAF service to provide access to charity-specific investment funds
Melanie May | 4 October 2016 | News
The Charities Aid Foundation is launching a new investment service for charities that it claims will provide access to the biggest selection of charity-specific investment funds available to buy and manage in one place online.
CAF has partnered with investment platform Interactive Investor to launch the service, called CAF Investment Account.
It is being launched later this year with the aim of making it easier for charities to invest their funds and, over the longer-term, to make their resources go further. The account will be the first digital trading platform designed exclusively for charities and will be open to registered charities across the UK and organisations recognised by HMRC as having a charitable purpose.
Charities using the CAF Investment Account will be able to research, manage and trade investments in one place, building on the existing investment services provided by CAF. It will provide access to thousands of funds, including the widest range of charity specific funds available to manage and buy in one place online, and will enable charities to invest directly in stocks and bonds listed on the London Stock Exchange and other global markets.
John Low, chief executive of CAF said:
“We believe there’s a huge amount of untapped potential for charities to make more use of investments to help support their work. But for many charities with volunteer trustees it can often prove difficult to find the time and resources to select and manage investments. The CAF Investment Account will make it far easier for charities to manage investments securely online on an industry leading investment platform.”
Charities seeking more information or wishing to register their interest in the account can do so here: https://www.cafonline.org/charity-finance–fundraising/investments/introducing-the-caf-investment-account.
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About Melanie May
Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via thepurplepim.com.