Fund Objective

The Fund aims to achieve a long-term return, in excess of the long-term return that is typically achieved from a portfolio of 50% UK equities and 50% non-UK equities.

View on Past Performance

Over the last three months,the Fund underperformed its sector average.The prospects for growth and concerns about infl ation continue to preoccupy investors,fostering negative sentiment.Although the oil price has recently subsided from its peak levels,the global ripple effects of high oil prices(high compared to historical averages)remain a concern.However,there is a reasonable amount of cash around and cheap equity valuations(in historical terms and relative to bonds)might tempt investors.

Fund Details