Fund Objective

The fund aims to achieve real return.

View on Past Performance

October was a difficult month for the fund with many of the extreme liquidity and volatility issues experienced in September intensifying at the start of the month.

Future Expectations

It is unclear precisely what the extent of collateral damage from the credit and liquidity crisis will be.Interbank lending rates and the corporate bond market are now showing signs of recovery from very distressed levels,and,as the markets improve we expect equity volatility to begin normalise.

Fund Details