In the words of John Lennon, “another year over, a new one just begun.” A new financial year, that is. Not as momentous as the new calendar year coming in, but nevertheless a chance to take stock and look forward.
In terms of taking stock, 2015-16 was a good year for the relative returns of ethically constrained investments. The Australian stock market, for instance, returned less than 1% for the year, but an index of the ASX 300 minus the stocks on the Church’s excluded list provided almost 2% better than this. The presumption that many people make that ethical investments will underperform continues to be challenged by such outcomes.
As for looking ahead, UFS is eagerly anticipating the launch of our new loan product for church staff and other affiliated members. Updating the existing ‘furniture loans’ we will be introducing a more general personal loan that we expect will be more useful for assisting our partners in meeting their goals. Stay tuned for more details when they are available.
Read the July UFS Newsletter here