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Scottish Life: A division of Royal London

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Scottish Life Europe Specialist Pension fund (Artemis European Growth)

Quarter 3 2008

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Fund Information

Fund Details

Benchmark FTSE Europe ex UK TR GBP 
Launch Date 31st March 2006
Fund Size £8.29m
Currency Sterling
ABI UK pension fund sector Europe Ex UK Equities
Fund Manager Philip Wolstencroft, Artemis
Annual management charge 1.75%
Aim

The fund aims to produce attractive investment returns by taking active positions against the FTSE Europe (ex UK) index.


External Matrix Fund Description

The fund invests in unit linked collective investment funds with an active management style. Depending on underlying market conditions the tracking error of the fund is expected to be in excess of 5% against the FTSE Europe (ex UK) Index measured on a rolling 3 year basis.


Underlying Fund Description

The fund is managed using a Smart Growth At a Reasonable Price model, which is a proprietary sector/stock analysis model which combines both qualitative and quantitative elements. The fund has a preference to large to medium sized companies and is run with a blended style.


Source: Royal London Asset Management, as at 30th September 2008.
Performance
Holdings
Market Commentary

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© Scottish Life, St Andrew House, 1 Thistle Street, Edinburgh, EH2 1DG.
Scottish Life is a division of Royal London and markets products produced by Royal London. Royal London consists of The Royal London Mutual Insurance Society Limited and its subsidiaries. The Royal London Mutual Insurance Society Limited provides life and pension products, is a member of the Association of British Insurers and is authorised and regulated by the Financial Services Authority, registration number 117672. Royal London Marketing Limited acts as an insurance intermediary for general insurance products and is authorised and regulated by the Financial Services Authority, registration number 302391.