Advisers to launch free CIF ranking service for charities

Allenbridge will indicate volatility of returns and risk-to-reward ratios

A new ranking service for common investment funds is to be launched by an investment consultancy firm.

The free service, which will be run by London-based wealth management advisory service Allenbridge, is intended to provide a more sophisticated analysis of the effectiveness of CIFs than charities can get elsewhere. Data will include the volatility of returns and risk-to-reward ratios, among other indicators.

Danny Kessler, an analyst in the charities division at Allenbridge, which also ranks more than 2,000 private funds, said his organisation decided to run a CIF-specific service after providing information on funds to a charity client.

"We feel this is a valuable resource for charities," he said. "There's a limit to the information that is currently available. This is a sophisticated system that will be much more detailed than current benchmarking tools.

"It's based on our existing commercial analysis service, which is very widely used."

He said the service would be freely available to all charities, and was scheduled to start in mid-October.

WHAT IS A COMMON INVESTMENT FUND?

A common investment fund or CIF is an investment fund open only to charities. The trust invests in a wide portfolio of assets - organisations can then buy single 'units'.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Insurance advice from Markel

Guide: What insurance does your charity need?

Guide: What insurance does your charity need?

Partner Content: Presented By Markel

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now