The Fund aims to achieve a long-term return, in excess of the long-term return that is typically achieved from a portfolio of UK and non-UK Equities, Bonds and Cash by investing in: A range of collective investment schemes which invest predominantly in UK Equities and non-UK Equities, Bonds and Cash* Once the Inland Revenue PEP and ISA Regulations permit, the Fund will by at least 60 days written notice to investors, expand the range of permitted investments in which the Fund may invest to include at t
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.