Quarterly Range Report
|
|
- Collin Flynn
- 6 years ago
- Views:
Transcription
1 Quarterly Range Report MyFolio Multi-Manager Income Range - Q Pension Insured Funds S4 Retail MyFolio Multi-Manager Income MyFolio is a flexible solution consisting of 25 multi-asset, fund-of-funds, split into five ranges (three growth and two income) incorporating active and passive investment funds. For each range, we offer five individual funds that target a different level of risk. There are five MyFolio Multi-Manager Income Funds, ranging from lower through to higher risk (I to V). Each fund invests mainly in carefully selected funds from some of the leading investment managers in the market that have a bias towards generating income. Standard Life Investments carries out in-depth research to identify fund it believes to be among the best in the industry. Performance (as at 31/03/2018) 50% 25% 0% Apr 13 Jul 14 Oct 15 Jan 17 Apr 18 Stan Life MyFolio Multi Manager Income I Pn S4 Stan Life MyFolio Multi Manager Income III Pn S4 Stan Life MyFolio Multi Manager Income V Pn S4 Stan Life MyFolio Multi Manager Income II Pn S4 Stan Life MyFolio Multi Manager Income IV Pn S4 Cumulative performance (as at 31/03/2018) 1 month -0.90% -1.56% -2.02% -2.86% -3.53% 3 months -1.79% -2.50% -2.83% -3.78% -4.81% 6 months -0.33% -0.68% -0.14% -1.04% -1.44% 1 year 0.33% 0.08% 0.71% 0.00% -0.33% 3 years 6.07% 6.95% 10.42% 10.30% 13.41% 5 years 12.30% 17.69% 23.36% 24.37% 30.30% Since launch 20.74% 31.87% 40.58% 40.99% 49.16% Year on year (as at 31/03/2018) 0-12m 0.33% 0.08% 0.71% 0.00% -0.33% 12-24m 7.04% 9.07% 12.00% 13.65% 17.42% 24-36m -1.23% -2.02% -2.11% -2.94% -3.09% 36-48m 6.07% 8.88% 9.43% 10.25% 11.98% 48-60m -0.19% 1.07% 2.10% 2.27% 2.60% Gross income reinvested, net of fund charges, GBP, sourced from FE 2018 The chart shows the performance of the fund over the period shown. Past performance is not a guide to future returns. The value of this investment and the income from it may go down as well as up and cannot be guaranteed. An investor may receive back less than their original investment. This document is intended for use by individuals who are familiar with investment terminology. Please contact your financial adviser if you need an explanation of the terms used or refer to our website - 1
2 Market review After carrying 2017 s strong momentum into January, global equity markets tumbled in the first week of February. This was caused by concerns that strong US economic growth would boost inflation and necessitate the need for higher interest rates. However, sentiment gradually recovered as the month progressed, with investors instead focusing on impressive corporate profits and supportive economic data. Thereafter, though, the threat of a trade war between the US and China caused risk-averse investors to once again sell equities ensuring most global indices were down for the quarter. Bond markets experienced a difficult first quarter of The period began poorly for government bonds, given ongoing evidence of stronger economic activity, although this lent support to credit markets. However, fears around higher-than-expected inflation and interest rates prompted a wave of volatility across markets. While government bonds found some support in this risk off environment, credit continued to struggle. Following strong performance in 2017, UK commercial real estate delivered further modest capital growth in early However, there was a marked difference in performance between sectors. On a positive note, industrials continued to benefit from structural support for demand from e-commerce expansion and tight supply in urban areas. In contrast, the retail sector had a difficult start to the year, reflected in weak performance and limited investor interest in large-scale assets. The collapse of Toys R Us and Maplin, New Look s company voluntary agreement (CVA) and Carpetright s potential CVA all hit the headlines. Range commentary We review the Strategic Asset Allocation (SAA) for each of the MyFolio funds every quarter, with the aim of ensuring that we continue to meet investors long-term interests. At the most recent review, we made no changes to the SAA model. Meanwhile, we continue to seek growth opportunities and are mindful of the need for income in a world of low yields. By historical standards, global growth remains low but we still see opportunities as economic activity broadens out to a wider range of countries. Therefore, companies can continue to sustain profits. Some political risks have reduced but others could still surprise investors, positively or negatively. Furthermore, we do not see the need for monetary policy to tighten aggressively as underlying inflation remains restrained. In light of this, we continue to tactically favour equity risk assets plus selected high-yielding fixed income assets. We therefore made the following Tactical Asset Allocation (TAA) changes (where applicable within each risk level) during the first quarter of Within equities, we increased our holding in US equities, as the US should benefit from the positive effects of fiscal stimulus and tax cuts. We also added to Japanese equities, which remain attractively valued versus other developed markets. We retain underweight positions (versus the SAA) in certain fixed income markets, including short-dated sterling corporate bonds and short-dated index linked bonds. We retain an overweight in European equities and emerging market equities, which is offset by an underweight position in UK equities. In terms of the underlying funds, we replaced the Invesco Perpetual Global Targeted Returns Fund with the Invesco Perpetual Global Targeted Income Fund (please note transactions may not apply at all risk levels). Market outlook Despite recent equity market volatility, prospects for the world economy look good for the rest of 2018 and into Data from business surveys have eased back in recent weeks, but are still solid on a historical basis. Lower unemployment in many countries is supporting consumer spending, while healthier banking systems and more upbeat business confidence are encouraging companies to invest. US tax cuts and spending increases should materially boost US economic growth too. Although central banks are raising interest rates (in the US and UK) or withdrawing some monetary support (in Europe and China) they are doing so gradually. A potential problems, however, is whether low-level trade conflicts between the US and China become more serious. We expect more bond market volatility than we saw in 2017 and the short-term outlook will be determined by the path and speed of interest rate changes. From a fundamental perspective, credit remains on an improving trend, supported by a strong global economy and ongoing improvements in the European banking sector. Furthermore, US tax reform should lead to lower issuance and some corporate deleveraging. Although some progress has been made in Brexit negotiations, uncertainty around the ultimate economic impact affects sentiment towards UK commercial real estate. We envisage a period of low returns over the next five years, with the forecast annual total return slightly below the market income return. With income expected to be the main driver of returns, the degree of income risk potential tenant default or the ability to maintain income at lease events will be key to performance. Additional information Fund Management Charge 1.050% 1.050% 1.050% 1.050% 1.050% Total Annual Fund Charge* 1.63% 1.77% 1.83% 1.94% 1.96% Citicode 0N91 0N95 0N99 0N9D 0N9H Fund size in m as at 31/03/ m 7.76m 23.24m 5.08m 2.25m *The Total Annual Fund Charge is the total of the Fund Management Charge (FMC) and additional expenses. 2
3 Annualised risk and return (as at 31/03/2018) 6% Performance 4% 2% 0% 0% 1% 2% 3% 4% 5% 6% 7% 8% Volatility Gross income reinvested, net of fund charges, GBP, Sourced from FE 2018 The chart shows the annualised volatility (risk) and annualised performance based on fund returns over the past three years to the date shown. Key Name Performance Volatility Stan Life MyFolio Multi Manager Income I Pn S4 1.98% 3.00% Stan Life MyFolio Multi Manager Income II Pn S4 2.26% 4.20% Stan Life MyFolio Multi Manager Income III Pn S4 3.36% 5.45% Stan Life MyFolio Multi Manager Income IV Pn S4 3.32% 6.35% Stan Life MyFolio Multi Manager Income V Pn S4 4.28% 7.84% The table shows the annualised volatility (risk) and annualised performance based on fund returns over the past three years to the date shown. Past performance is not a guide to future returns. The value of this investment and the income from it may go down as well as up and cannot be guaranteed. An investor may receive back less than their original investment. Current asset allocation (as at 31/03/2018) Defensive assets Money Market including Cash 4.30% 1.00% 1.00% 1.00% 1.00% Global Index Linked Bonds 6.30% 6.20% 2.70% - - Short Dated Global IL Bonds 4.80% 4.70% 1.20% - - Sterling Corporate Bonds 14.00% 6.40% 2.20% - - Short Dtd Sterling Corp Bonds 15.50% 5.90% 1.70% 0.50% - Global Corporate Bonds 10.00% 11.80% 5.40% 1.60% - Short Dated Global Corp Bonds 3.30% 4.00% 1.80% 0.80% - Absolute Return Bonds 7.00% 5.00% 2.30% 1.00% - Total 65.20% 45.00% 18.30% 4.90% 1.00% Growth assets UK Equities 3.70% 8.40% 11.70% 17.80% 22.65% US Equities 6.10% 10.40% 13.30% 18.90% 24.50% European Equities 3.00% 4.90% 6.20% 8.60% 11.20% Japanese Equities 2.90% 4.40% 5.30% 7.00% 8.65% Asia Pacific Equities 1.60% 2.70% 3.50% 4.80% 5.80% Emerging Market Equities 2.10% 3.20% 4.00% 5.30% 6.30% Global High Yield Bonds 2.90% 4.50% 6.70% 4.10% - Emerging Market Debt 1.70% 2.50% 3.50% 2.30% 0.50% UK Real Estate 3.60% 3.00% 9.20% 6.20% - Global REITs 1.20% 1.00% 3.00% 2.10% - Absolute Return 6.00% 10.00% 15.30% 18.00% 19.40% Total 34.80% 55.00% 81.70% 95.10% 99.00% 3
4 Holdings (as at 31/03/2018) Defensive assets Asset class Fidelity Global Inflation-Linked Bond Short Dated Global Index Linked Bonds 1.86% Fidelity UK Corporate Bond Sterling Corporate Bonds 6.89% 3.28% 1.12% - - L&G Short Dated Corporate Bond Index Short Dated Sterling Corporate Bonds 2.50% Payden Absolute Return Bond Absolute Return Bonds 0.67% 0.76% 0.45% 0.31% - PIMCO Funds GIS plc Global Investment Grade Global Corporate Bonds 5.01% 5.84% 2.83% 0.70% - Credit Robeco Global Credits Global Corporate Bonds 4.97% 5.83% 2.81% 0.70% - Robeco Global Credits Short Maturity Short Dated Global Corporate Bonds 3.70% 3.74% 1.56% 0.83% - Royal London Global Index Linked Global Index Linked Bonds 6.68% 6.01% 2.82% - - Royal London Short Duration Credit Short Dated Sterling Corporate Bonds 7.87% 2.97% 1.66% 0.63% - Royal London Short Duration Global Index Short Dated Global Index Linked Bonds 2.73% 4.94% 1.21% - - T Rowe Price Dynamic Global Bond Absolute Return Bonds 5.94% 3.89% 1.97% 0.46% - TwentyFour Absolute Return Credit Short Dated Sterling Corporate Bonds 4.77% 2.96% TwentyFour Corporate Bond Sterling Corporate Bonds 6.87% 3.27% 1.12% - - Cash and Other Money Market including Cash 4.38% 0.99% 0.99% 1.57% 1.20% Total 64.84% 44.48% 18.54% 5.20% 1.20% Growth assets Asset class AQR Systematic Total Return Multi Asset Absolute Returns 1.40% 2.38% 2.96% 4.51% 4.75% Artemis Income UK Equities 1.18% 2.16% 1.55% 4.92% 7.57% Barings European High Yield Bond Global High Yield Bonds 0.69% 0.97% 1.27% 0.82% - BNY Mellon US Equity Income US Equities 1.75% 2.51% 3.21% 4.48% 5.91% Brookfield Global REITS Global REITs 1.27% 2.46% 2.74% 1.61% - Charlemagne Magna Emerging Markets Dividend Emerging Market Equities 1.91% 3.20% 3.60% 5.47% 6.32% Chelverton UK Equity Income UK Equities 0.36% 1.02% 1.14% 2.50% 2.32% Invesco Perpetual European Equity Income European Equities 3.47% 5.20% 6.59% 8.62% 11.16% Invesco Perpetual Global Targeted Income Multi Asset Absolute Returns 1.42% 2.48% 2.72% 4.55% 5.05% Janus Henderson UK Property Feeder UK Real Estate 3.35% 2.77% Janus Henderson UK Property PAIF UK Real Estate % 3.99% - JPM US Equity Income US Equities 4.09% 4.54% 5.86% 8.28% 10.82% LF Morant Wright Nippon Yield Japanese Equities 2.61% 4.31% 5.17% 6.65% 8.09% M&G Property Portfolio UK Real Estate % 2.06% - Majedie UK Income UK Equities % 3.57% 4.54% 5.86% Neuberger Berman EM Debt Local Currency Emerging Market Local Currency Bonds 2.30% 1.63% 3.91% 2.77% 0.41% Nomura US High Yield Bond Global High Yield Bonds 2.74% 3.83% 5.02% 3.26% - Schroder Asian Income Asia Pacific Equities 1.97% 3.22% 3.97% 5.08% 6.23% SLI Global Absolute Return Strategies Multi Asset Absolute Returns 1.41% 2.46% 5.91% 4.50% 4.94% Threadneedle Investment UK Equity Income UK Equities 1.83% 2.83% 5.27% 6.14% 7.21% Threadneedle US Equity Income US Equities % 3.86% 5.51% 7.18% TM Fulcrum Diversified Core Absolute Return Multi Asset Absolute Returns 1.41% 2.48% 3.91% 4.54% 4.98% Total 35.16% 55.52% 81.46% 94.80% 98.80% 4
5 Important information The value of a fund can go down as well as up, and is not guaranteed. You may receive back less than the amount originally invested. Past performance is not a guide to the future. Any data contained herein which is attributed to a third party ( Third Party Data ) is the property of (a) third party supplier(s) (the Owner ) and is licensed for use by Standard Life Aberdeen*. Third Party Data may not be copied or distributed. Third Party Data is provided as is and is not warranted to be accurate, complete or timely. To the extent permitted by applicable law, none of the Owner, Standard Life Aberdeen* or any other third party (including any third party involved in providing and/or compiling Third Party Data) shall have any liability for Third Party Data or for any use made of Third Party Data. Past performance is no guarantee of future results. Neither the Owner nor any other third party sponsors, endorses or promotes the fund(s) or product(s) to which Third Party Data relates. *Standard Life Aberdeen means the relevant member of the Standard Life Aberdeen group, being Standard Life Aberdeen plc (SC286832) together with its subsidiaries, subsidiary undertakings and associated companies (whether direct or indirect) from time to time. This document is provided by Standard Life Investments Limited, registered in Scotland (SC123321) at 1 George Street, Edinburgh EH2 2LL. Authorised and regulated in the UK by the Financial Conduct Authority Standard Life Aberdeen. Images reproduced under licence. 5
Quarterly Range Report
Quarterly Range Report MyFolio Managed Range - Q2 2018 OEIC Platform 1 MyFolio Managed Ratings MyFolio is a flexible solution consisting of 25 multi-asset, fund-of-funds, split into five ranges (three
More informationQuarterly Range Report
Quarterly Range Report MyFolio Market Range - Q1 2019 Pension Insured Funds S4 Retail MyFolio Market MyFolio is a flexible solution consisting of 25 multi-asset funds of funds, split into five ranges (three
More informationQuarterly Range Report
Quarterly Range Report Active Plus Range - Q3 2018 Pension Insured Funds S4 Retail Active Plus There are five Active Plus Pension Funds, ranging from lower through to higher risk (I to V). Each fund invests
More informationQuarterly Range Report
Quarterly Range Report MyFolio Market Range - Q3 2018 OEIC Ret MyFolio Market Ratings MyFolio is a flexible solution consisting of 25 multi-asset funds of funds, split into five ranges (three growth and
More informationLatest Fund Report. MyFolio Multi Manager II (31/07/2018) Platform 1. Key facts. Fund description. Bambos Hambi
Latest Fund Report MyFolio Multi Manager II (31/07/2018) Platform 1 Key facts Bambos Hambi Fund Manager Bambos joined Standard Life Investments in 2011 as Head of Fund of Fund Management, taking responsibility
More informationMyFolio Multi Manager Range Report
MyFolio Multi Manager Range Report Standard Life Investments has not considered the suitability of investment against your individual needs and risk tolerance. To ensure that you understand whether a financial
More informationEXAMPLE. It was a bumpy period for global government bonds, with prices in the US, Germany and the UK falling
This summary provides market commentary from our investment experts, and details any changes made to Portfolio 1 during the second quarter of 2018. The commentary is intended to give you a general overview
More informationMyFolio Multi-Manager Income IV Fund
Q1 2017 MyFolio Multi-Manager Income IV Fund 31 March 2017 The fund aims to provide an income-focused return with some capital appreciation over the longer term, investing mainly in a range of collective
More informationMyFolio Multi-Manager Income V Fund
Q1 2017 MyFolio Multi-Manager Income V Fund 31 March 2017 The fund aims to provide an income-focused return with some capital appreciation over the longer term, investing mainly in a range of collective
More informationEXAMPLE was a weaker year for real estate. Full-year returns are unlikely to match the double figures achieved in 2017.
This summary provides market commentary from our investment experts, and details any changes made to Portfolio 5 during the fourth quarter of 2018. The commentary is intended to give you a general overview
More informationEXAMPLE Portfolio 3. Commentary Fourth Quarter 2017
This summary provides market commentary from our investment experts, and details any changes made to Portfolio 3 during the fourth quarter of 2017. The commentary is intended to give you a general overview
More informationInvestment Report. Corporate Investment Proposition Active Plus Funds Report. Standard Life. Corporate Investment Proposition Active Plus Funds Report
Investment Report Standard Life Corporate Investment Proposition Q1 2018 Corporate Investment Proposition 1 Our Corporate Investment Proposition is made up of a family of carefully constructed risk-based
More informationInvestment Update UK Institutional Funds April 2018
Investment Update UK Institutional Funds April 2018 This communication is intended for investment professionals only and must not be relied on by anyone else. After some deceleration in global activity
More informationInvestment Report. Standard Life Corporate Investment Proposition MyFolio Managed Pension Funds Report Q2 2018
Investment Report Standard Life Corporate Investment Proposition Q2 2018 Corporate Investment Proposition Our Corporate Investment Proposition is made up of a family of carefully constructed risk-based
More informationJanuary Standard Life Ireland MyFolio Market funds Combined updates and commentary
January 2018 Standard Life Ireland MyFolio Market funds Combined updates and commentary Standard Life Ireland MyFolio Market I Fund update January 2018 Performance Cumulative return Annualised return Fund
More informationInvestment Report. Corporate Investment Proposition Passive Plus Funds Report. Standard Life
Investment Report Standard Life Corporate Investment Proposition Q1 2017 Corporate Investment Proposition 1 Our Corporate Investment Proposition is made up of a family of carefully constructed risk-based
More informationInvestment Report. Corporate Investment Proposition Passive Plus Funds Report. Standard Life
Investment Report Standard Life Corporate Investment Proposition Q3 2016 Corporate Investment Proposition 1 Our Corporate Investment Proposition is made up of a family of carefully constructed risk-based
More informationInvestment Report. Corporate Investment Proposition Passive Plus Funds Report. Standard Life
Investment Report Standard Life Corporate Investment Proposition Q3 2017 Corporate Investment Proposition 1 Our Corporate Investment Proposition is made up of a family of carefully constructed risk-based
More informationInvestment Report. Standard Life Corporate Investment Proposition Passive Plus Funds Report Q3 2018
Investment Report Standard Life Corporate Investment Proposition Q3 2018 Corporate Investment Proposition Our Corporate Investment Proposition is made up of a family of carefully constructed risk-based
More informationInvestment Update Retail Pension November 2018
Investment Update Retail Pension November 2018 This communication is intended for investment professionals only and must not be relied on by anyone else. Investment Indices - Annual growth up to 01/11/2018
More informationAviva Select Funds. An overview of our funds. Retirement Investments Insurance Health
For financial adviser use only. Not approved for use with customers Aviva Select Funds An overview of our funds Retirement Investments Insurance Health Welcome to our range of fully researched funds Aviva
More informationMyFolio Managed Range Report
MyFolio Managed Range Report Standard Life Investments has not considered the suitability of investment against your individual needs and risk tolerance. To ensure that you understand whether a financial
More informationLegal & General All Stocks Gilt Index Fund LS5 UK Gilts 0.12% 0.05% 0.17% 0.06%
SELECT PORTFOLIO BOND (WEALTH MANAGERS) FUND DETAILS This document shows the fund charges, Association of British Insurers (ABI) sectors and valuation spreads for the funds available on our Select Portfolio
More informationLegal & General All Stocks Gilt Index Fund LS5 UK Gilts 0.12% 0.04% 0.16% 0.05%
SELECT PORTFOLIO bond (WEALTH MANAGERS) FUND DETAILS This document shows the fund charges, Association of British Insurers (ABI) sectors and valuation spreads for the funds available on our Select Portfolio
More informationLegal & General (PMC) All Stocks Gilts Index Fund UK Gilts 0.20% 0.00%
PORTFOLIO PLUS FUND DETAILS This document shows the fund management charge, Association of British Insurers (ABI) sectors and spreads for the funds available on the Portfolio Plus SIPP and Portfolio Plus
More informationMyFolio Due Diligence Report
MyFolio Due Diligence Report Quarter 1 2017 April 2017 This document is for investment professionals only and should not be distributed to or relied upon by retail clients. It is only intended for use
More informationInvestment Report. Standard Life Corporate Investment Proposition Active Plus Funds Report Q3 2018
Investment Report Standard Life Corporate Investment Proposition Q3 2018 Corporate Investment Proposition Our Corporate Investment Proposition is made up of a family of carefully constructed risk-based
More informationMyFolio Due Diligence Report
MyFolio Due Diligence Report Quarter 4 2017 January 2018 This document is for investment professionals only and should not be distributed to or relied upon by retail clients. It is only intended for use
More informationInvestment Report. Standard Life Good to Go Default Growth Fund Active Plus III Report Q3 2018
Investment Report Standard Life Good to Go Default Growth Fund Active Plus III Report Q3 2018 Corporate Investment Proposition Our Corporate Investment Proposition is made up of a family of carefully constructed
More informationAcademy of Funds. Analytics Report. Click below to view our latest. Quarter Talking Withs. Talking Factsheets.
Quarter 2 2018 For Professional Clients Only Academy of Funds Analytics Report Click below to view our latest Talking Withs Talking Factsheets @SquareMileICR info@squaremileresearch.com squaremileresearch.com
More informationFUND CHOICE AND FUND CHARGES
FUND CHOICE AND FUND CHARGES PENSIONS Pension products which have a standard Annual Management Charge of 1% for most of our funds (please see note 9). (Stakeholder Pension charges are not included in this
More informationMyFolio. Understanding risk and reward. February 2015
MyFolio Understanding risk and reward February 2015 The opinions expressed are those of Standard Life Investments as of January 2014 and are subject to change at any time due to changes in market or economic
More informationFUND CHOICE AND FUND CHARGES
FUND CHOICE AND FUND CHARGES PENSIONS Pension products which have a standard Annual Management Charge of 1% for most of our funds (please see note 9). (Stakeholder Pension charges are not included in this
More informationAcademy of Funds. Analytics Report. Click below to view our latest. Quarter Talking Withs. Talking Factsheets.
Quarter 3 2018 For Professional Clients Only Academy of Funds Analytics Report Click below to view our latest Talking Withs Talking Factsheets @SquareMileICR info@squaremileresearch.com squaremileresearch.com
More informationMM Navigator Return Focused Range MM Lifestyle Risk Targeted Range
CM15588 UK For professional investors only MM Navigator Return Focused Range MM Lifestyle Risk Targeted Range July 2018 Investment risks The value of investments and income derived from them can go down
More informationStandard Life Ireland MyFolio funds
February 2018 Standard Life Ireland MyFolio funds Strategic Asset Allocation changes Strategic Asset Allocation changes Every quarter, Standard Life Investments, in consultation with Moody s Analytics,
More informationRETIREMENT ACCOUNT SCOTTISH WIDOWS PENSION FUND CHARGES
RETIREMENT ACCOUNT SCOTTISH WIDOWS PENSION FUND CHARGES SCOTTISH WIDOWS PENSION FUNDS FUND CHOICE AND FUND CHARGES Scottish Widows Funds, managed by a subsidiary of Aberdeen Standard s Scottish Widows
More informationRETIREMENT ACCOUNT WEALTH MANAGEMENT. Scottish Widows Pension Fund Charges
RETIREMENT ACCOUNT WEALTH MANAGEMENT Scottish Widows Pension Fund Charges SCOTTISH WIDOWS PENSION FUNDS FUND CHOICE AND FUND CHARGES Scottish Widows Funds, managed by a subsidiary of Aberdeen Standard
More informationSmith & Williamson Managed Portfolio Service factsheets
Smith & Williamson Managed Portfolio Service factsheets Defensive Income (OE) Portfolio Profile 31 August 2017 For professional advisers only - Not for use by or distribution to retail clients. Portfolio
More informationConventional Managed Portfolio Service Portfolio 2 Commentary Third Quarter 2018
Conventional Managed Portfolio Service Portfolio 2 Commentary Third Quarter 2018 In brief The Conventional MPS portfolios delivered flat to positive returns over the quarter, as geopolitical events continued
More informationZurich Flexible Personal Pension (Section 61 plan) Zurich Personal Pension (89 plan)
Company sponsored personal pension plans Zurich Flexible Personal Pension (Section 61 plan) Zurich Personal Pension (89 plan) Funds Guide To offer the best value for our customers, we use our global buying
More informationBestinvest Top Rated Funds Review
Bestinvest Top Rated Funds Review Bestinvest Top Rated Funds Review Introduction To cater to those seeking investment inspiration online investment service Bestinvest, publish their Premier selection or
More informationPrudential Dynamic Growth Funds Quarterly Update Quarter
Prudential Dynamic Growth Funds Quarterly Update Quarter 2 2018 This is for information only and is designed for Investment Professionals. This is the quarterly update for the Prudential Dynamic Growth
More informationJH Defensive Income. 31 st December Portfolio Objective. Risk Range. Performance chart. Product mix. Geographic & asset breakdown
JH Defensive Income 31 st December 2016 Portfolio Objective The strategy aims to deliver defensive total returns with an emphasis on offering above average* income. The portfolio may invest between 35%
More informationInvestor s Guide Clerical Medical Pension Funds
Investor s Guide Clerical Medical Pension Funds Contents Introduction 1 Clerical Medical funds managed by Aberdeen Standard Investments 2 Clerical Medical funds managed by other fund managers 3 Pension
More informationYOUR QUARTERLY FUND PERFORMANCE.
30 JUNE 2016 YOUR QUARTERLY FUND PERFORMANCE. We know it s important for you to stay up to speed with your fund s performance. That s why we provide this quarterly update on the performance of our range
More informationOur Packaged Fund Range
For customers Our Packaged Fund Range Our Packaged Fund Range allows you choice when building your portfolio with your adviser, while still offering the comfort of full governance. The charges listed below
More informationFund Management Diary
Fund Management Diary Meeting held on 12 th March 2019 Earnings to weigh on emerging market equities A slowdown in both the United States and Chinese economies will weigh heavily on export growth in the
More informationINVESTMENT BOND. This fund list details the funds available through the Phoenix Wealth Investment Bond. FUND LIST
INVESTMENT BOND FUND LIST APRIL 2018 This fund list details the funds available through the Phoenix Wealth Investment Bond. About this fund list There are three main fund ranges within our offering, denoted
More informationManaged Portfolio Service
Managed Portfolio Service Defensive Portfolio Factsheet MARCH 2019 MARKET OVERVIEW The cautiously optimistic tones that have been heard across markets this year continued throughout the month of March.
More informationMANAGED PORTFOLIO SERVICE
MANAGED PORTFOLIO SERVICE Cautious February 218 The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments
More informationPERFORMANCE SUMMARY AND COMMENTARY AUGUST 2018 FOR FINANCIAL ADVISERS ONLY
PERFORMANCE SUMMARY AND COMMENTARY AUGUST 18 FOR FINANCIAL ADVISERS ONLY CRA ACTIVE MANAGED PORTFOLIOS PERFORMANCE SUMMARY CHART (CRA 3-6 ACTIVE) 4 3 1-1 14 15 16 17 18 3 Active IA Mixed -35% 4 Active
More informationMANAGED FUNDS SERVICE
MANAGED FUNDS SERVICE Cautious Portfolio December 214 The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific
More informationPension funds series 4 Monthly performance update. For investments in the Annuity Growth Account and Trustee Investment Plan
Pension funds series 4 Monthly performance update For investments in the Annuity Growth Account and Trustee Investment Plan This monthly fund performance update is designed give you the latest past performance
More informationYour investment choices and charges WPP Pension and Savings Plan
Your investment choices and charges WPP Pension and Plan This directory lists the Zurich Pension Funds available to you and the total charge for each as at August 2017. You can find details of each fund
More informationInvestor s Guide Clerical Medical Group Pension Funds
Investor s Guide Clerical Medical Group Pension Funds Contents Introduction Clerical Medical lifestyle investment programmes Clerical Medical unit-linked group pension funds: Funds managed by a subsidiary
More informationEQUATOR ICAV An Irish collective asset-management vehicle established as an umbrella fund with segregated liability between sub-funds
An Irish collective asset-management vehicle established as an umbrella fund with segregated liability between sub-funds Condensed Unaudited Semi-Annual Report and Accounts For the financial period ended
More informationIndividual Savings Account and Investment Account. Sterling panel funds guide
Individual Savings Account and Investment Account Sterling panel funds guide 1 Contents Introduction 2 List of current investment funds by sector 4 Investment choice and flexibility 7 Fund risks 8 Managed
More informationDEFENSIVE MODEL PORTFOLIO
DEFENSIVE OBJECTIVE This portfolio is designed for investors who are only prepared to accept very limited risk to capital from investing in financial markets and are therefore more willing to accept a
More informationMANAGED PORTFOLIO SERVICE
MANAGED PORTFOLIO SERVICE Balanced Portfolio March 2018 The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific
More informationInternational Bond. Summary of Insured Funds. Build a portfolio of assets that will meet your individual needs
International Bond Summary of Insured s Build a portfolio of assets that will meet your individual needs Choosing where to invest your money is perhaps one of the most important decisions you have to make.
More informationKudos. Fund Performance Booklet. Performance Data. Risk Rating
Performance Data This booklet contains a number of different performance measures and time periods to help you assess the Kudos fund range. The data used to arrive at the figures shown is provided by Morningstar.
More informationLegal & General Multi Manager Income Trust Annual Manager s Short Report for the year ended 15 January Distribution Number 35
Legal & General Multi Manager Income Trust Annual Manager s Short Report for the year ended 15 January 2017 Distribution Number 35 Investment Objective and Policy The investment objective is to achieve
More informationSUCCESSION MANAGED PORTFOLIO SERVICE MARKET & REBALANCE COMMENTARY - Q2 2017
SUCCESSION MANAGED PORTFOLIO SERVICE MARKET & REBALANCE COMMENTARY - Q2 2017 FOR PROFESSIONAL ADVISERS ONLY EXECUTIVE SUMMARY Equity markets continued their upward trend in the second quarter of 2017,
More informationLife funds series 4 Monthly performance update. For investments in the Flexible Investment Bond (level option) and Select Investment Bond
Life funds series 4 Monthly performance update For investments in the Flexible Investment Bond (level option) and Select Investment Bond This monthly fund performance update is designed give you the latest
More informationKudos. Fund Performance Booklet. Performance Data. Risk Rating
Performance Data This booklet contains a number of different performance measures and time periods to help you assess the Kudos fund range. The data used to arrive at the figures shown is provided by Morningstar.
More informationLegal & General Multi Manager Growth Trust. Annual Manager s Short Report for the year ended 15 January Distribution Number 6
Legal & General Multi Manager Growth Trust Annual Manager s Short Report for the year ended 15 January 2011 Distribution Number 6 Investment Objective and Policy The investment objective is to provide
More informationLife funds series 5 Monthly performance update. For investments in the CanInvest Select Account
Life funds series Monthly performance update For investments in the CanInvest Select Account This monthly fund performance update is designed give you the latest past performance figures and information
More informationPreference. Fund Performance Booklet. Performance Data. Risk Rating
Performance Data This booklet contains a number of different performance measures and time periods to help you assess the Preference fund range. The data used to arrive at the figures shown is provided
More informationISA Employee Application Form - Execution Only
ISA Employee Application Form - Execution Only This form is for investing in a Stocks and Shares ISA with Standard Life Investments (Mutual Funds) Limited. Before you sign this form you must read an up-to-date
More informationLegal & General Multi Manager Balanced Trust. Annual Manager s Short Report for the year ended 15 January Distribution Number 6
Legal & General Multi Manager Balanced Trust Annual Manager s Short Report for the year ended 15 January 2011 Distribution Number 6 Investment Objective and Policy The investment objective is to achieve
More informationPreference. Fund Performance Booklet. Performance Data. Risk Rating
Performance Data This booklet contains a number of different performance measures and time periods to help you assess the Preference fund range. The data used to arrive at the figures shown is provided
More informationThis guide is for our:
Fund Choice Guide Closed Funds Quarter 2 2018 2 This guide is for our: Policies taken out after January 2007 (Current product range) Policies taken out between February 1994 and January 2007 (Portfolio
More informationAsian Insurance Investment Survey 2017
This communication is for Institutional Investors, Professional Investors and Accredited Investors only and should not be distributed to or relied upon by retail clients. It is only intended for use in
More informationTRUSTEE INVESTMENT PLAN
TRUSTEE INVESTMENT PLAN FUND LIST JULY 08 This fund list details the funds available to the Trustee Investment Plan. Which funds can I access? The funds you can invest in are determined by the commencement
More informationMANAGED PORTFOLIO SERVICE
MANAGED PORTFOLIO SERVICE Cautious January 17 The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments
More informationInterim Report. Standard Life Investment Company III. Interim Report & Financial Statements For the six months ended 31 December 2017 (unaudited)
Interim Report Standard Life Investment Company III For the six months ended 31 December 2017 (unaudited) Contents 1 Company Information* 2 Authorised Corporate Director s Report* 3 Statement of Authorised
More informationSUCCESSION MANAGED PORTFOLIO SERVICE MARKET & REBALANCE COMMENTARY - Q1 2017
SUCCESSION MANAGED PORTFOLIO SERVICE MARKET & REBALANCE COMMENTARY - Q1 2017 FOR PROFESSIONAL ADVISERS ONLY EXECUTIVE SUMMARY Equity markets performed strongly during the first quarter, as the modest acceleration
More informationRETIREMENT WEALTH ACCOUNT
RETIREMENT WEALTH ACCOUNT FUND LIST JUNE 2018 This fund list details the Phoenix Wealth pension funds available through the Retirement Wealth Account. About this fund list There are three main fund ranges
More informationMPS High Risk Portfolio Growth
MPS High Risk Portfolio Growth 30.04.2018 Professional advisers Objective The objective of the portfolio is to grow its value, primarily by investing in equity markets. Equity exposure is likely to range
More informationFund volatility and performance
Fund volatility and performance Our funds This guide provides you with details of the past performance and volatility figures for our fund range. These can be used to help you understand the investment
More informationOBC.Batch.Seq.No:UK. Mrs Jane Emma Smith 3 The Street The Road The Town The Post Code. Fidelity Wealth PORTFOLIO REPORT
OBC.Batch.Seq.No:UK Mrs Jane Emma Smith 3 The Street The Road The Town The Post Code Fidelity Wealth PORTFOLIO REPORT 1 January 2018 to 31 March 2018 How to get in touch Please contact your relationship
More informationFund Management Diary
Fund Management Diary Meeting held on 16 th October 2018 Euro-zone competitiveness imbalances In the run up to the global financial crisis differing competitiveness levels across the euro-zone contributed
More informationSummary of fund changes
Life funds Event Type Fund Name Fund Code Effective Date Fund Closure As part of Standard Life s ongoing fund governance reviews we have identified that the funds may no longer be aligned to meeting customer
More informationPreference. Fund Performance Booklet. Performance Data. Risk Rating
Performance Data This booklet contains a number of different performance measures and time periods to help you assess the fund range. The data used to arrive at the figures shown is provided by Morningstar.
More informationEvaluating Scottish Widows Funds 1 July 2018
Evaluating Scottish Widows 1 July 2018 This information is for UK Financial Advisers use only and should not be distributed to or relied upon by any other person. Contents Pension Statistics Life Statistics
More informationEvaluating Scottish Widows Funds 1 October 2018
Evaluating Scottish Widows 1 October 2018 This information is for UK Financial Advisers use only and should not be distributed to or relied upon by any other person. Contents Pension Statistics Life Statistics
More informationMANAGED PORTFOLIO SERVICE
MANAGED PORTFOLIO SERVICE Cautious February 217 The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments
More informationFund Management Diary
Fund Management Diary Meeting held on 11 th December 2018 Losing Momentum After a strong start to the year, global growth peaked in the first of 2018 and doesn t look like regaining momentum. Trade tensions
More informationSCOTTISH WIDOWS INVESTMENT SOLUTIONS AND CLERICAL MEDICAL LIFE FUNDS INVESTOR S GUIDE
SCOTTISH WIDOWS INVESTMENT SOLUTIONS AND CLERICAL MEDICAL LIFE FUNDS INVESTOR S GUIDE PAGE 2 INTRODUCTION PAGE 3 SCOTTISH WIDOWS INVESTMENT SOLUTIONS (SWIS) LIFE FUNDS MANAGED BY ABERDEEN ASSET MANAGEMENT
More informationFund Management Monthly Commentary
Fund Management Monthly Commentary Covering the month of September 2018 September Market Update Margetts monthly diary summarises major economic and market developments that occur over the month. It is
More informationPension funds series 5 Monthly performance update. For investments in the CanRetire Flexible Drawdown Plan and CanRetire Pension Investment Plan
Pension funds series Monthly performance update For investments in the CanRetire Flexible Drawdown Plan and CanRetire Pension Investment Plan This monthly fund performance update is designed give you the
More informationMyFolio Funds customer guide
MyFolio Funds customer guide Contents 03 The big questions to get you started 04 Make the most of your financial adviser 04 Choosing the right investment 06 Why spreading the risk makes sense 07 How MyFolio
More informationFund Management Diary
Fund Management Diary Meeting held on 19 th March 2019 Macroeconomic Update There have been reports that the summit aimed at finalising the agreement between the US and China is now expected to be moved
More informationShort report For the year ended 31 Dec 2016
Short report For the year ended 31 Dec 2016 Architas MA Active Intermediate Income Fund For the year ended 31 Dec 2016 Investment objective The aim of the Fund is for you to receive an above average level
More informationAVIVA INVESTORS PORTFOLIO FUNDS ICVC
AVIVA INVESTORS PORTFOLIO FUNDS ICVC SHORT REPORT For the year ended 28 February 2015 Contents Aviva Investors Multi-Manager Flexible Fund 2 Aviva Investors Multi-Manager 40-85% Shares Fund 8 Aviva Investors
More informationINDIVIDUAL PENSION PLANS
INDIVIDUAL PENSION PLANS FUND LIST NOVEMBER 07 This fund list details the funds available to all Phoenix Wealth individual personal pension plans (except Retirement Wealth Account policies not upgraded
More informationFund Management Diary
Fund Management Diary Meeting held on 18 th September 2018 Turkish crisis leading to recession Falls in the lira have caused a sharp pick-up in inflation which, coupled with a severe tightening of financial
More informationFund guide. Flexible Retirement Plan (Personal Pension and Income Drawdown with SIPP Options) Flexible Investment Plan
A Fund guide Flexible Retirement Plan (Personal Pension and Income Drawdown with SIPP Options) Flexible Investment Plan Introduction to this guide We know that choosing which fund may be best for you
More informationASSET MANAGEMENT ROYAL LONDON GMAP BALANCED FUND. Quarterly Report 31 March For professional investors only, not for retail investors
ASSET MANAGEMENT ROYAL LONDON GMAP BALANCED FUND Quarterly Report 31 March 2018 For professional investors only, not for retail investors Contents CONTENTS ROYAL LONDON GMAP BALANCED FUND 3 2 PAGE Royal
More information