The investment objective of the Fund is to achieve capital growth over the medium to long term (5 years and over) with the potential for also providing income.
The Fund will typically invest around 80% (although this may fluctuate between 75% and 85% due to market movements) of its portfolio in a range of actively-managed OEICS, Unit Trusts, and other collective investment vehicles (including exchange-traded funds, and which may include funds managed and/or operated by the ACD or Investment Adviser) with the potential for some direct equity investment, together providing exposure to a globally-diversified range of equities.
The funds held in this part of the Fund's portfolio will be managed by a carefully selected range of active fund managers.
The remainder of the Fund will be invested in a combination of cash, money-market and fixed-income instruments or in collective investment vehicles (which may be actively or passively managed) that provide exposure to alternatives, cash, money-market and/or fixed-income instruments. This part of the Fund will be actively managed with the underlying exposure to different instruments and vehicles varying based on the ACD's assessment of wider market conditions and which investments will best assist in the objective of the Fund being achieved. This means that there may be times where a large proportion of the Fund is held in cash. As the Fund has global exposure some investments may be held in non-sterling currencies.
The Fund is actively managed.
The Fund will not have any particular geographic, industry or economic sector focus and as such weightings in these may vary as required.
Assessment of value statements are published annually for this fund - These reports are useful to give an overview of how the Fund has performed in comparison to industry comparators.
