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'.