Charity funds returns fall

Finance | Gareth Jones | 1 Sep 2006

Recent figures released by WM have revealed the first quarterly decline in charity fund returns since quarter one 2003. According to the survey, charity funds fell by 2.6 per cent in the second quarter of 2006 on account of falling global equity market values.

However, for the year to date, the average charity fund has still gained 3.8 per cent, and for the last 12 months the average return is 16.4 per cent. The return for the last three years, the most typical performance assessment period, is 15.3 per cent per annum.

"Following 12 consecutive quarters of positive returns, it was inevitable that charity funds would eventually experience a reversal of fortune," said Michael Walsh, managing director at WM Performance Services. "Although concerns over inflation and US interest rates triggered a correction in world equity markets, charity funds are still well placed at the halfway stage for a good 2006."

Equity returns were negative in all the major regions, with the worst declines suffered in Japan (-10.4 per cent) and emerging markets (-8.8 per cent). Bonds, UK Government, corporate and index linked all fell around 1 per cent.

Directory: WM Performance

Comments

[Cancel] | Reply to:

Name *

Email *

Organisation

Job Title

Comments *

Verification *

* Please read our Community Standards

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

Robust but respectful debate
Strongly held opinions
Intelligent relevant discussion
The sharing of relevant experiences
New participants

We will not publish:

Rude, threatening, offensive, obscene or abusive language, or links to such material
Links to commercial organisations or spam postings. The comments board is not an advertising platform
The posting of contact details for yourself or others
Comments intended for malicious purpose or mindless abuse
Comments purporting to be from another person or organisation under false pretences
Gratuitous criticism, commentary or self-promotion
Any material which breaches copyright or privacy laws, or could be considered libellous
The use of the comments board for the pursuit or extension of personal disputes

Be aware:

Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
Comments left by others may not be accurate, do not rely on them as fact
You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

Enjoy the opportunity to express your opinion and respect the right of others to express theirs
Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.