CAF subsidiary partners with abrdn to launch ESG-focused funds for charities
Melanie May | 17 May 2022 | News
Charities Aid Foundation subsidiary CFSL is partnering with abrdn to launch a new range of funds for charitable investors with a focus on Environment, Social and Governance (ESG) factors.
The range is intended to offer value for money while also ensuring that investments contribute towards the long-term benefit of the causes that charities support. The new range is open for an initial offer period from 16 May to 10 June 2022, and will formally launch on 13 June 2022.
ESG investing puts money to work with companies that are trying to make the world a better place with potential investments screened against a set of standards to ensure that the fund only holds assets that meet a set of criteria.
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IFSL (Investment Fund Services Limited) continues to act as Authorised Corporate Director of the funds.
The new range consists of a choice of three funds with clear aims, investment policies and targets, to enable charitable investors to choose the most appropriate fund or funds for their needs. The IFSL CAF ESG Fund Range includes:
- IFSL CAF ESG Cautious Fund
- IFSL CAF ESG Income and Growth Fund
- IFSL CAF ESG Growth Fund
The funds are only open to charitable investors, with the pooling of investment to allow for greater diversification than achievable with a smaller amount of money.
Recent research shows that 85% of respondents of charities feel that ESG factors are either very or quite important to them, and 82% now believe that it is their responsibility to think about climate change specifically.
Alison Taylor, CEO of CAF Bank and Charity Services, Charities Aid Foundation, said:
“As a charity ourselves, we’re driven to develop products and services for charitable organisations that reflect the dynamics of the world we are in. This new range of investment funds is about enabling charities to build their financial resilience with sustainable returns, so they can do more life-changing work with lasting benefits for all.
“With the strength of their investment offer and their long-term commitment to ESG investing, abrdn are well placed to work with us in delivering this exciting new range of responsible investment funds.”
Caroline Tye, Managing Director Discretionary, abrdn said:
“We believe that investing responsibly is key to delivering sustainable, long-term returns, as well as helping to address the challenges faced by the world today. Bringing together the global investment capability of abrdn with the unrivalled charity expertise of CAF, we have developed a range of funds that can offer what charitable investors want: robust investment returns, cost efficiency, and investing integrity.
“We’re excited to draw on CAF’s almost one-hundred-year history of supporting charitable organisations to meet their needs, while staying true to their values. The overarching aim is to help investors make the most of their investments, empowering them to fund the causes they are looking to support.”
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.