Growing the Teknometry CIG Charity Fund Universe

The Teknometry CIG Charity Fund Universe has been running since 2017, with 7 out of the top ten charity managers participating in the provision of data. At the end of June, the Teknometry CIG Charity Fund Universe was comprised of 1,299 portfolios representing over £11.8 billion of UK charity fund assets. With an average portfolio size of £8.5m and data going back to 31st December 2011, it is the most comprehensive universe of multi-asset charity portfolios available.

Teknometry is independent of any Manager, Consultant or Charity and remains committed to the provision of the universe service. We have strived to provide a service that delivers the universe reports to participants and the wider charity investment community in a timely and consistent manner and we are now looking to expand the sample for the benefit of the participants and the wider community.

Over the past three years we have had discussions with many Managers, and we have encountered a number of objections to joining the universe as it stands and we are seeking to address these though the following initiatives.

Charges – Many of the smaller Managers we have engaged with have objected to the level of the fee, so we are offering any new participants the opportunity to join the universe for a year without charge and introducing a reduced fee for Managers with Charity AUM of less than £1bn. Additionally, we are offering Managers the opportunity to provide high-level data to the universe free of charge, but with reduced participation benefits. These “Data-only” participants will receive a report containing the short-term analysis, their name will appear in reports as a data contributor but without contact details and they will not have access to the portal for additional analysis and reporting. We will guarantee that data-only participation will always be free of charge and our fees for all participants will be frozen for a further 3 years. Fee paying participants will be named in all reports as sponsors of the universe and will receive the detailed report, which is circulated to the wider charity audience.

Data Provision – Several Managers have stated that they cannot provide the data at the level of granularity we requested, in order to provide a more detailed analysis of the charity investment landscape. To address this, we are offering the option to provide only high-level data as a single line per portfolio, either as a data-only participant or as a sponsoring participant.

Construction – Some of the specialist Managers have expressed an interest in specialist asset class universes and we will now therefore be collecting data on specialist asset class funds at the same time as the multi-asset fund data and Managers of specialist portfolios will be offered participation on the same basis as the multi-asset universe (i.e. full sponsor or data-only participant). The specialist asset classes’ universes that we are aiming to create are UK Equity, Global & International Equity, Fixed Interest, Property, Cash and Alternative.

For more information, or to request a demo, please call +44 (0) 113 347 1320 now or fill in the form on our Contact page.