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Consumer > Investment for Consumers > Factsheet Consumer
Scottish Life Close MoM Global Equities (1%) 'A' fund
Quarter 3 2008
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| Fund Information | |
Fund Details |
|
| Benchmark | 60% FTSE All Share TR,16% FTSE Europe ex UK TR GBP,12% FTSE North America TR GBP,8% FTSE Japan TR GBP,4% FTSE Asia Pacific ex Japan TR GBP |
| Launch Date | 31st May 2003 |
| Fund Size | £0.27m |
| Currency | Sterling |
| ABI UK pension fund sector | Global Equities |
| Fund Manager | Team, Close TEAMs |
| Annual management charge | 1.00% |
| Aim |
The aim of the fund is to achieve returns of 1% per annum above the benchmark, measured over three year periods. |
Investment Process | |
|
The fund aims to achieve a degree of outperformance within a lower risk framework by investing between five investment managers. Around 50% of the investments are allocated to a passive manager and the other 50% are divided between four active managers. A passive manager aims to track the performance of a particular index so reducing the risk to the fund. The active managers are GMO and Baillie Gifford, who invest in UK equities, and Edinburgh Partners and Marvin & Palmer, who invest in overseas equities. The passive manager is Barclays Global Investors. Around 60% of the fund is invested in UK companies and 40% to overseas companies. This approach allows investors to take advantage of the benefits of various investment styles and to access global investment markets, while reducing the risk of being unduly exposed to one particular style. |
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| Source: Royal London Asset Management, as at 30th September 2008. | |
| Performance |
| Holdings |
| Market Commentary |
Copyright 2009 Lipper Limited (a Reuters company).
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