Objectives and Investment Policy
The Fund aims to provide a competitive level of income whilst maintaining the capital value of your investment.
The Fund will invest in a range of European and Australian asset-backed securities (“ABS”) rated at least BBB- or equivalent at the time of investment. These are bonds (debt securities that pay a floating rate of interest) that are backed by specific pools of financial assets including mortgages and other consumer and corporate debt.
On occasions the Fund may be significantly invested in one particular geographical region.
The Fund will aim to reduce the effect of exchange rate movements in the underlying securities relative to the base currency of the Fund. However, hedging techniques may not be fully effective in completely removing the exchange rate risk.
The Fund may use derivative instruments (such as futures, options and interest rate and credit derivatives) for investment purposes. Derivatives are linked to the rise and fall of other assets. The price movements in these assets can result in movements of the Fund’s share price.
The Fund can also use derivative instruments for the purposes of efficient portfolio management, with the aim of managing risk and cost.
You can buy and sell shares on any business day in London.
Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years.
For full investment objectives and policy details please refer to the prospectus.
Price displayed in GBP pence.
Status of all data (unless otherwise stated): Thursday, 21 November 2024
