Fund Objective

The fund's investment objective is to give a balanced exposure to UK and overseas equities and fixed income securities through a range of underlying authorised unit trusts, recognised schemes and collective investment schemes. The proportionate percentage to be invested in each underlying scheme will be decided by the investment adviser in light of current economic and other circumstances and may include a proportion in cash. Efficient portfolio management techniques will be utilised when considered appropriate.

View on Past Performance

During the first half of the period, stocks posted strong gains and the fund outperformed. However, mid-May, the prospect of spiralling inflation dampened investor confidence and markets experienced a sharp sell-off across asset classes, leaving the fund slightly trailing the broader market.Some of the underlying funds lagged their respective benchmarks during the increased volatility offsetting positive asset allocation from our overweight positions in Asia and emerging market equities.

Fund Details