Fund Objective

The Fund's investment objective is to provide long term capital growth by matching the capital performance of the FTSE 250 Index.

View on Past Performance

UK equities fell over 13.4% on concerns about the banking industry and the economic outlook. Despite the significant issues in the banking industry, the market was led lower by basic materials, oil & gas and industrials. Financials were down and Utilities was the strongest sector.Our aim is to be as close to full replication as is practically possible subject to liquidity constraints. The Fund replicates changes to the index bearing in mind the trade-off between tracking error and trading costs.

Future Expectations

The corporate environment remains challenging across most sectors as economic concerns increase. The current lack of confidence in banks is a significant issue although government support should stabilise sentiment. Markets are likely to remain very volatile while the level of economic and corporate earnings uncertainty is so high.

Fund Details