The investment objective of this fund is to aim to match as closely as possible, subject to the effect of charges, the capital performance and net income yield of the FTSE All-Share index. The Halifax FTSE All-Share Index Tracking Life and Pension funds invest directly into the Halifax FTSE All-Share Index Tracking OEIC.
The UK equity market staged a late recovery after concerns over the crisis in the credit markets prompted a sharp sell-off in the first half of August.The FTSE All-Share index shed 0.3% in total return terms over the month, with hopes that central banks would take appropriate steps to normalise financial market conditions serving to restore a degree of investor confidence.In terms of sectors, Banks and General Financials were among the poorest performers, as fears persisted about the extent of the fall-out from the troubled US sub-prime (higher risk) mortgage market.On the positive side, defensive sectors, such as Utilities, Beverages and Tobacco, all benefited from rise in risk aversion.
76.85p
