New investment funds made available to charities

2 February 2017

A further 18 investment funds have now been made available through the UK’s first secure digital platform designed for charities.

The Charities Aid Foundation, which launched the CAF Investment Account in November, has brought investment firms Cazenove and Kames Capital on board.

They join a growing list of fund managers listing funds on the new platform including FP CAF, CAF UK Equitrack, Sarasin & Partners LLP, M&G Investments, Edentree Investments and Troy Asset Management.

Among the new funds are several which are exclusively available to charities, and some which are available at lower cost than funds usually available to small and medium-sized charities.

CAF, which has more than 30 years experience helping charities to manage their funds, has now placed circa £100 million worth of its own investments in an account on the new platform.

The CAF Investment Account offers access to the biggest selection of charity-specific investment funds available to buy and manage in one place online.

It is available 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 for the first time, building on the existing investment services provided by CAF. There is no minimum investment amount.

It offers access to some funds which are only available to charitable organisations, like Common Investment Funds, (CIFs) and share classes of funds which would not normally be available to small and medium charities. Funds created under the recently announced Charity Authorised Investment Fund structure can be offered as soon as they are available.

Features of the account include a robust online investment service powered by the award-winning investment platform provider Interactive Investor, and mandatory dual authorisation which will help charities comply with governance requirements and minimise the risk of error or fraud.

John Low, Chief Executive of CAF, said:

“In today’s world where interest rates are so low they do not even cover inflation, charities will increasingly be looking to invest to get a good return on money donated by their supporters. The CAF Investment Account has been designed to make investing money easy, time-efficient and cost-effective for charities of all sizes.

“The significant level of interest since the launch suggests the UK’s first online investment account for charities will help play a positive role in helping to untap the potential for them to make greater use of investments.

“Having thousands of investment options available through an account exclusively available to charities will not only improve the process, it is also likely to give charities access to a bigger range of investment options than they might have otherwise had.

“It is encouraging to see that, in the short time since the CAF Investment Account was launched, there has been demand from further fund managers to make their funds available to charities through the account.

“CAF has now put a significant share of our own investments into a CAF Investment Account. This will vastly reduce paperwork and make our investments processes much more efficient.”

Kate Rogers, Head of Policy at Cazenove Charities, said:

“We are pleased to work with CAF on the CAF Investment Account. As the largest investment manager of UK charitable assets, we recognise the importance of providing investment solutions tailored specifically for the sector. We are delighted that our four charity-specific common investment funds are now available on the CAF platform, allowing charities of all sizes to access our award winning charity investment expertise. These funds include a broadly diversified multi-asset fund, a UK bond fund and two UK equity funds.”

Andy Kelly, Institutional Business Development Manager for charities at Kames Capital said:

“We are proud to be a founding asset management partner of the CAF Investment Account, and the opportunity it provides UK charities to access best-of-breed funds. We believe our fund range is well-suited to the investment needs of charities, particularly our income, absolute return and specialist ethical funds.”

Find out more and apply to open a CAF Investment Account


Notes to Editors

1. CAF is one of Europe’s largest charitable foundations and is the leading provider of financial services to the charitable sector. CAF provides simple and straightforward day-to-day banking and fundraising services for charities, freeing them up to focus on the critical work of making a difference.

2. Interactive Investor is an award-winning online investment service that equips investors with the unbiased financial information, tools and trading framework they need to make confident and informed investment decisions.

3. The value of investments may fall as well as rise. You may not get back the full amount that you originally invested. Past performance is not a guide to future performance. There is no guarantee about the level of capital gains or income that will be generated.

The CAF Investment Account is offered to you by CAF Financial Solutions Limited (CFSL) and is operated and supplied by Interactive Investor Trading Limited. Interactive Investor Trading Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: Standon House, 21 Mansell Street, London E1 8AA.

CAF Financial Solutions Limited (CFSL) is authorised and regulated by the Financial Conduct Authority. Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4TA. CFSL is a subsidiary of Charities Aid Foundation (registered charity number 268369).

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