Fund Objective

The aim of the Fund is to provide above average capital growth.

View on Past Performance

Global equities fell sharply in September with the developed markets outperforming emerging markets.Regionally, we have a preference for markets in the UK and Asia ex Japan. However, whilst remaining underweight, we have increased the US equity exposure at these lower market levels. US equities performed better than other leading markets last month, aided by the high proportion of large, defensive companies in the S&P 500 Index.

Future Expectations

Although primarily a global equity fund, we increased the position in European high yield corporate bonds and added a holding in local currency emerging market bonds. Both asset classes offer particularly attractive yields and the potential for future capital appreciation.

Fund Details