Major milestone for charity investment service

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The CAF Investment Account has reached £200m in assets for the first time. 

28th August 2019 by Gavin Stuart 0 Comments

The UK’s only charity-specific investment platform has hit a major milestone after hitting £200m.

A partnership between the Charities Aid Foundation (CAF) and Winterflood Business Services (WBS), the CAF Investment Account is described as a secure, digital trading platform designed specifically for charities.

The 1,200 available funds and equities on offer include ethical options and Common Investment Funds, all of which are available online.

It has now emerged that the fund has reached a total of £205.4m in assets under administration.

The milestone has been accompanied by the launch of a new digital hub for charities looking to grow their investment knowledge.

Charities can use the hub to learn the basics of investing and dip their toes in the water by trying the free Investment Explorer tool. The hub also allows users to grow their investments with products specifically developed for charities by investment professionals.

Research has found that the 5,000 largest UK charities hold £16.7bn in deposits. Bridgit Richards, CAF’s director of product and marketing, said providing charities that invest their funds with a tool to view and trade their portfolios online, and offering this ability in a cost effective way, is key to the platform.

“We are so pleased to be able to support charities by making this range of charity-specific funds accessible like this and to be able to do so in a way that is secure, low cost and extensive – including ethical and ESG options,” she said.

“This is just one piece of a suite of technology innovations that we have planned for charities in the UK over the next 18 months.”