Fund Objective

To provide long - term capital growth together with income.

View on Past Performance

There were no significant portfolio changes in September.Equities remain overweight through above benchmark weightings in Europe and Asia,offsetting the US underweighting.In general,we are favouring larger capitalisation and quality growth.In fixed interest we continue to underweight bondsin favour of cash which was positive.We have used cash flows to maintain our target weightings;there were no new purchases or complete sales in September.Fund performance was well above the IMA Balanced Managed sector average in September.Within equities,the Asia and Europe overweightings were also positive.Manager selection was also strong within these regions.

Fund Details