INVESTMENT OBJECTIVE
The Fund aims to provide a long term total return from investment in a range of asset classes. The Fund has been designed to be potentially suitable for investment by or on behalf of individuals who have been granted personal injury awards but is not restricted to such persons.

INVESTMENT PROCESS
There may be moderate risk to capital but the Fund will be managed with the intention of limiting volatility to relatively low levels in normal circumstances. However, as a consequence, long-term return expectations may be lower than for higher risk portfolios. We try to maximise the potential investment returns for a portfolio that is compatible with the level of risk the investor is comfortable with. We do this in two ways:

  • Robust strategic asset allocation. We create efficient portfolios that combine different investment types with varying risk/return properties. 
  • Sensible tactical asset allocation. Short term changes to reflect our current view of the markets and economic outlook.

The portfolio is based on a strategic asset allocation that offers an optimal combination of investments intended to deliver long-term growth while keeping a risk profile that is appropriate for investors with a cautious approach. The managers will vary the exact combination of asset classes at any time to reflect a shorter-term, tactical view of market conditions, potentially to benefit from positive trends or to reduce exposure to risk. However, it should be clear that although the managers aim to keep risk and volatility at low levels appropriate for a cautious investor, the fund invests in underlying assets such as bonds, property, commodities, currencies and equities (shares) and as such its capital value can go down as well as up.

The strategic asset allocation is reviewed annually to take into account changes in long-term returns and volatility of different asset classes and their correlations with each other. The positioning of the tactical tilt is reviewed quarterly and is subject to continual monitoring against the latest market information. The portfolio is structured using a large proportion of diversified index- tracking funds, including ETFs, alongside selected allocations to active managers. The value of investments may fluctuate in price or value and you may get back less than the amount originally invested.