Click here to read about the changes effective from 6 November 2016.

The investment objective of the Real Return fund is to seek growth in real terms over the medium to longer term. The fund will aim to provide a total return, net of fees, that exceeds UK inflation (as measured by Consumer Prices Index-All Items) by 2% on average over a rolling three year horizon.

The Real Return Fund looks to deliver an inflation-beating return, whilst limiting sensitivity to equity price movements.

The investment process focusses on identifying the drivers of risks and returns and is not constrained to investing in traditional asset classes. The manager has freedom to allocate to any asset class, driven by where it perceives attractive risk-return trade-offs over the time horizon of any investment.

The fund may not be suitable for all investors and if you have any doubts you should contact your investment adviser. The value of investments may fluctuate in price or value and you may get back less than the amount originally invested.