Fund Objective

The Multi-Manager UK Equity Focus fund is designed to provide investors with actively managed exposure to the UK equity market. The Fund aims to add value above the total return of the FTSE All Share index primarily through active stock selection. Factors that may contribute to risk, such as style, sector or market capitalisation bias, are monitored but managers are not overly constrained.

View on Past Performance

The FTSE All-Share Index fell 1.5% in GBP terms during the second quarter as gains in April gave way to sharp declines in June driven by deteriorating economic data, falling consumer confidence and negative newsflow from the financial sector.Despite interest rate cuts in the UK and US and injections of liquidity into the market, banks' ability to raise capital remained at the forefront of investor concerns.Weak economic data put further pressure on the Bank of England, which must weigh up an increase in interest rates to stem inflation against the effects of the higher borrowing costs on an already vulnerable economy.

Fund Details