Subscribe to Charity Matters updates

We entered this Budget against a challenging economic backdrop, with the Chancellor balancing commitments to fiscal discipline against continued pressures on household and business finances. For charities, the context is particularly testing: rising employment costs, sustained demand for services, pressure on public funding and a more difficult environment for charitable giving.

Third-quarter company results, the UK Budget, and next week's US mid-term elections all compete for investors' attention this week, but we don't expect any of them to change our current asset allocation.

In an era defined by persistent economic shifts, UK charity trustees face the complex task of protecting capital value while generating the returns needed to support frontline operations. New findings from our comprehensive research study with senior UK charity executives* reveal that leading charities are structurally adjusting their investment strategies to navigate this environment.

The US economy is prone to booms and busts, but we believe it’s too early in this new technology cycle to call the top of the market.