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CAF launch equity tracker for the voluntary sector

The Charities Aid Foundation and Legal & General are to launch an investment fund exclusively for the voluntary sector.

The CAF UK Equitrack fund, to be managed by L&G, aims to track the FTSE all-share index, offering not-for-profit organisations exposure to UK equities.

The annual management charge is 0.25 per cent, with a minimum investment of 1,000.

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