Almost 40 per cent of charity investors who responded to this year’s Fund Management Survey cited market volatility as their main concern, while fund managers warned that volatility would continue.
Income generation and low interest rates were the next most comon areas of concern, at 13 per cent and 10 per cent respectively.
Last year just 20 per cent of respondents cited volatility as a concern; behind capital growth/capital preservation and income generation.
Andrew Pitt, who is head of charities at Newton, said: “We believe markets will continue to be volatile and produce lower returns, compared with the pre-crisis years, for the foreseeable future.”
This year 50 fund mangers participated in the survey; with CCLA topping the league table with £4,403.4m UK charity funds under management. BlackRock was second (£4,200m), Sarasin & Partners third (£4,077m) Newton fourth (£3,956m) and Schroders* (£3,676m) fifth.
Subscribers to civilsociety.co.uk can read the Fund Management Survey 2013 in full here.
