Going global - charities lead the way
Lessons learned over the last two somewhat turbulent years in the financial markets...
...have been incorporated into Sarasin & Partners’ latest biannual edition of their Compendium of Investment, which is distributed to charity trustees across the UK. Richard Maitland, head of charities at the investment firm (which is part of the Rabobank group), warns ‘as 2010 unfolds, trustees will need to be unusually wary: never have there been so many investment opportunities but never have investment choices been so difficult to take’.
Guy Monson, Sarasin’s chief investment officer and managing partner told trustees at their investment seminar on 2 March to ‘hold your nerve; and that although the last two years had been volatile, the long run was ‘remarkably unchanged.’
He made the point that two-thirds of the earnings of the companies in the FTSE 100 are derived from overseas business and that ‘40 per cent of your dividends are paid in dollars’, In an interview with the Financial Times on 8 February he explained that charities and endowments were pioneers in taking this on board.
Author: Clarissa Dann
Clarissa Dann was the editor of Caritas as well as an HR and management online service,he People Bulletin until July 2011.
She is now the editor of the specialist trade finance magazine, Trade and Forfaiting Review which can be viewed at www.tfreview.com but does write on charity finance and investment from time to time.
Clarissa has a background in legal and professional publishing, as well as business journalism and holds an MBA from
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