Caution: slow-mving Cifs
Article Abstract:
United Kingdom charities with small portfolios have tended to use common investment funds (Cifs) which are undergoing reforms. Cifs are regulated by the Charity Commision rather than by financial services regulatory bodies. Cifs could also involve trustees having to take on personal liabilities. An interim regime has been set out, but some fund managers prefer to wait until the final regime has been released. Meanwhile open-ended investment companies will offer another option.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Return to a new approach
Article Abstract:
The rules governing the management of investments of British charities are examined in detail. Trustees can use a total return approach for endowed charities. Guidelines are examined.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
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Put trust in the law
Article Abstract:
The legal position of trustees of British charities is examined in view of a new trustee bill and legal action by trustees of the Unilever penson fund.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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