The Uniting Ethical Enhanced Cash Trust is a flexible, competitive investment account that wont lock away your money. The Trust pays an attractive rate of interest and funds available within 24 hours. What's more, all you need is $100 to open your account and you start earning straight away.
Funds invested in the Uniting Ethical Enhanced Cash Trust are invested directly in the UCA Enhanced Cash Portfolio which is an ethical cash investment in cash and liquid securities; marketable money market and fixed interest securities; registered first mortgages and loans to Church bodies. The Portfolio’s investment objective is to produce an income return which compares favourably with returns from other cash management accounts, while maintaining a high level of security at all times.
The Uniting Ethical Enhanced Cash Trust is invested consistent with UCA Fund Management's Ethical investment philosophy. This philosophy dictates that all the Funds, including the Portfolios, operated by UCA Funds Management are managed within the Ethical Investment Policy approved by The Uniting Church in Australia, Synod of Victoria and Tasmania. It encompasses environmental, social, governance and labour considerations. Responsible stewardship of resources is fundamental to the investment strategy. UCA Funds Management employs an ethical screen to assist it in selecting appropriate investments to meet these objectives.
UCA Funds Management’s mantra is 360° ethical® investing. This has four elements:
- To maintain consistently competitive investment returns;
- To adhere to a clearly articulated, integrated ethical investment policy;
- To be a leading example of how an ethical funds manager operates; and
- To give our operating surplus to community services, advocacy and mission-based activities.
UCA Funds Management avoids investing in companies whose products, services or practices cause or perpetuate injustice and suffering, infringe human rights or cause unacceptable damage to the natural environment. Industries included are armaments, uranium, gambling, alcohol production, tobacco manufacturing and pornography. Companies are also excluded if their products, services or practices infringe human rights, have unacceptable occupational health and safety or environmental management, and support oppressive regimes. UCA Funds Management recognises there will be occasions when companies inadvertently breach some of the principles and where genuine efforts are made to rectify the breaches. UCA Funds Management will not prohibit investment in a company where a breach of the principles, in relation to its products or services, constitutes no more than 5% of the company’s activities; the breach may be balanced by other positive actions. UCA Funds Management acknowledges decisions will always be complex involving a balance between positive and negative factors.
UCA Funds Management seeks to invest in companies which promote human welfare, dignity and respect, and for the general good. This includes companies whose products, services and practices enhance health and welfare, and preserve the environment. This includes companies involved in clean energy, recycling, employment, health care and community services.