DOCSLIB.ORG

ASI Short Duration Global Inflation-Linked Bond Fund Platform 1 Inc GBP

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ASI Short Duration Global Inflation-Linked Bond Fund Platform 1 Inc GBP ASI Short Duration Global Inflation-Linked Bond Fund Platform 1 Inc GBP 31 August 2021 Key facts Fund manager(s) Adam Skerry Objective Fund managers start date 01 January 2015 To generate income and some growth over the long term (5 years or more) by investing in inflation- linked bonds with a maturity of up to 10 years. Fund launch date 16 September 2014 Share class launch date 16 September 2014 Performance Target: To achieve the return of the following composite index: 70% Bloomberg Aberdeen Authorised corporate Barclays World Government Inflation Linked ex-UK 1-10 years Index (Hedged to GBP) / 30% Standard Fund director (ACD) Bloomberg Barclays UK inflation-linked 1-10 years Index, plus 0.5% per annum (before charges). The Managers Limited Performance Target is the level of performance that the management team hopes to achieve for the Fund size £308.7m fund. There is however no certainty or promise that they will achieve the Performance Target. Number of holdings 70 The ACD believes this is an appropriate target for the fund based on the investment policy of the fund and the constituents of the indices. [70% Bloomberg World Government Portfolio securities Inflation Linked ex-UK (1-10 Yr) - At least 70% of the fund will be invested in inflation-linked investment grade government bonds Performance target issued anywhere in the world with a maturity of up to 10 years. (Hedged to GBP), - The fund may also invest in inflation-linked and non-inflation-linked investment grade corporate 30% Bloomberg bonds and sub-sovereign bonds issued anywhere in the world. The fund will employ techniques to UK inflation-linked (1-10 Yr)] +0.50% reduce (hedge) risk related to currency movements on non-Sterling bonds. - The fund may also invest in other funds (including those managed by Aberdeen Standard [70% Bloomberg Investments) and money-market instruments, and cash. World Government Inflation Linked Performance comparator/ ex-UK (1-10 Yr) Performance Portfolio constraining (Hedged to GBP), benchmark 120 30% Bloomberg UK inflation-linked (1-10 Yr)] 115 Entry charge (up to)1 0.00% Annual management 0.30% charge 110 Ongoing charge figure2 0.45% Minimum initial investment GBP 1,000,000 105 Fund type OEIC Valuation point 12:00 (UK time) 100 Base currency GBP Sedol BP25RC8 ISIN GB00BP25RC86 95 Bloomberg SLIDP1I LN 6 7 8 9 0 1 7 8 9 0 1 1 1 1 1 2 2 1 1 1 2 2 g g g g g g b b b b b Citicode KQGQ u u u u u u e e e e e A F A F A F A F A F A Domicile United Kingdom Fund (gross) Fund (net) Performance target Risk and reward profile Lower risk Higher risk Cumulative and annualised performance Typically lower rewards Typically higher rewards 1 month 6 months Year to 1 year 3 years 5 years date (p.a.) (p.a.) Fund (gross) (%) 0.27 4.36 3.33 4.50 3.83 2.38 Fund (net) (%) 0.24 4.16 3.11 4.12 3.64 2.06 Performance target (%) 0.07 4.40 3.99 4.77 4.40 2.96 This indicator reflects the volatility of the fund’s share price over the last five years. See Key Investor Information Document (KIID) for details. Discrete annual returns - year to 31/8 2021 2020 2019 2018 2017 Key risks Fund (gross) (%) 4.50 1.57 5.45 -0.06 0.57 (a) The value of investments and the income Fund (net) (%) 4.12 1.21 5.63 -0.62 0.11 from them can fall and investors may get back less than the amount invested. Performance target (%) 4.77 2.63 5.82 0.29 1.40 (b) The fund invests in securities which are Performance Data: Share Class Platform 1 Inc GBP. subject to the risk that the issuer may Benchmark history: Performance comparator/Portfolio constraining benchmark – [70% Bloomberg World Government default on interest or capital payments. Inflation Linked ex-UK (1-10 Yr) (Hedged to GBP), 30% Bloomberg UK inflation-linked (1-10 Yr)] (c) The fund price can go up or down daily Source: Aberdeen Standard Investments (Fund & Benchmark) and Morningstar (Sector). Basis: Total Return, NAV to NAV, UK Net/Gross Income Reinvested. for a variety of reasons including changes “Fund (Net)” refers to the actual unit price performance of the shareclass shown; “Fund(Gross)” adds back charges such as the in interest rates, inflation expectations or annual management charge to present performance on the same basis as the performance target / performance comparator / the perceived credit quality of individual portfolio constraining benchmark. These figures do not include the initial charge; if this is paid it will reduce performance from countries or securities. that shown. Past performance is not a guide to future returns and future returns are not guaranteed. Investor Services 0345 113 69 66 www.aberdeenstandard.com Management process (d) The use of derivatives carries the risk - The management team use their discretion (active management) to identify investments after of reduced liquidity, substantial loss analysing global economic and market conditions (for example, interest rates and inflation) in and increased volatility in adverse addition to analysing of individual bonds and derivatives. In seeking to achieve the Performance market conditions, such as a failure Target, the composite index: 70% Bloomberg Barclays World Government Inflation Linked ex-UK amongst market participants. The use of 1-10 year Index (Hedged to GBP) / 30% Bloomberg Barclays UK inflation-linked 1-10 year Index is derivatives may result in the fund being used as a reference point for portfolio construction and as a basis for setting risk constraints. The leveraged (where market exposure and expected variation ('tracking error') between the returns of the fund and the index is not ordinarily thus the potential for loss by the fund expected to exceed 1.5%. Due to the fund's risk constraints, the intention is that the fund's exceeds the amount it has invested) and performance profile will not deviate significantly from that of the composite index over the longer in these market conditions the effect of term. leverage will be to magnify losses. Risk stats Top ten issues (%) Credit rating (%) Fund Volatility^ 2.80 UK (Govt of) 0.25% IL 2029 6.8 Source : Aberdeen Standard Investments. ^ Three year AAA 60.0 Network Rail 1.75% IL 2027 6.3 annualised. US (Govt of) 0.125% IL 2022 5.5 Derivative usage AA 30.3 UK (Govt of) 0.125% IL 2024 4.2 - The fund will routinely use derivatives to US (Govt of) 0.25% IL 2025 4.1 reduce risk, reduce cost and/ or generate UK (Govt of) 2.5% IL 2024 3.6 A 3.6 extra income or growth consistent with the risk profile of the fund (often referred US (Govt of) 0.375% IL 2027 3.2 to as 'Efficient Portfolio Management'). US (Govt of) 0.125% IL 2024 3.1 BBB 6.4 - Derivatives can be used to generate US (Govt of) 0.5% IL 2028 2.7 growth, consistent with the fund's risk US (Govt of) 0.625% IL 2024 2.6 profile, if market prices are expected N/R -0.3 to rise ('long positions') or fall ('short Assets in top ten issues 42.1 positions'). - Derivatives include instruments used Country (%) Composition by asset (%) to manage expected changes in USA 48.1 interest rates, inflation, currencies or creditworthiness of corporations or UK 23.3 Government 92.4 governments. France 6.8 Germany 4.7 Italy 4.1 Corporate 7.9 Japan 3.6 New Zealand 2.6 Spain 2.2 Supra-National 1.4 Cash and Other -0.3 Cash and Other 3.2 Maturity (%) 0-5 years 51.7 5-10 years 45.0 10-15 years 2.5 15-20 years 0.0 20+ years 1.0 Source : Aberdeen Standard Investments 31/08/2021 Figures may not always sum to 100 due to rounding. To help you understand this fund and for a full explanation of risks and the overall risk profile of this fund and the shareclasses within it, please refer to the Key Investor Information Documents and Prospectus which are available on our website www.aberdeenstandard.com The Prospectus also contains a glossary of key terms used in this document. 1These are the maximum charges that we might take out of your money before it is invested. In some cases, the charges may be less and you should speak to your financial advisor about this. 2The Ongoing Charge Figure (OCF), is the overall cost shown as a percentage of the value of the assets of the fund. It is made up of the Annual Management Charge (AMC) of 0.30% and other charges. It does not include any initial charges or the cost of buying and selling stocks for the fund. The Ongoing Charges figure can help you compare the annual operating expenses of different funds. The fund is a sub-fund of Aberdeen Standard OEIC V, an authorised open-ended investment company (OEIC). he information contained in this document should not be considered as an offer, solicitation or investment recommendation to deal in the shares of any securities or financial instruments. It is not intended for distribution or use by any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication or use would be prohibited. Nothing herein constitutes investment, legal, tax or other advice and is not to be relied upon in making an investment or other decision. No recommendation is made, positive or otherwise, regarding individual securities mentioned.
Load more

Recommended publications
  • Aberdeen Standard Select Portfolio
    Aberdeen Standard Select Portfolio This Fund Summary is for the following ILP sub-fund and should be read in conjunction with the Product Summary Aberdeen Standard India Opportunities Fund Aberdeen Standard Pacific Equity Fund Aberdeen Standard Singapore Equity Fund Aberdeen Standard Thailand Equity Fund Structure of ILP Sub-Fund The ILP Sub-Fund is an open-ended feeder fund and invests all or substantially all of its assets into the underlying Aberdeen Standard Select Portfolio which offers a group of separate and distinct portfolios of securities or obligations, each of which being a sub-fund investing in different securities or portfolios of securities. The units in the ILP Sub-Fund are not classified as Excluded Investment Products. Information on the Manager (the “Underlying Manager”) The Underlying Manager of Aberdeen Standard Select Portfolio (the “Underlying Fund”) Aberdeen Standard Investments (Asia) Limited, a wholly-owned subsidiary of the Aberdeen Asset Management PLC (the “Aberdeen Group”), was established in Singapore in May 1992, as the regional headquarters of the Aberdeen Group to oversee all of its Asia-Pacific assets, including collective investment schemes. In August 2017, Aberdeen Asset Management PLC merged with Standard Life plc to form Standard Life Aberdeen plc and Aberdeen Asset Management PLC became a wholly owned subsidiary of Standard Life Aberdeen plc (collectively the “Group”). Aberdeen Standard Investments is the asset management division of the Group. As at end December 2020, Aberdeen Standard Investments had over US$635.2 billion worth of assets under its management. The Aberdeen Group Standard Life Aberdeen plc was created in August 2017 from the merger of Aberdeen Asset Management plc and Standard Life plc.
    [Show full text]
  • M&G (Lux) Investment Funds 1 M&G (Lux) Global Dividend Fund EUR A
    31 May, 2021 M&G (Lux) Investment Funds 1 M&G (Lux) Global Dividend Fund EUR A This fund is managed by M&G Luxembourg S.A. EFC Classification Equity Global Price +/- Date 52wk range 12.65 EUR 0.10 28/05/2021 9.19 12.71 Issuer Profile Administrator M&G Luxembourg S.A. The fund has two aims: • To provide a combination of capital growth and income to deliver Address 16, boulevard Royal 2449 a return that is higher than that of the global stockmarket over any five-year period; • To increase the income stream every year in US dollar terms. Core investment: At least 80% City Luxemburg of the fund is invested in the shares of companies across any sector and of any size that Tel/Fax +33 (0)1 71 70 30 20 are domiciled in any country, including emerging markets*. The fund usually holds shares Website www.mandg.com in fewer than 50 companies. Other investment: The fund also holds cash or assets that can be turned quickly into cash. * Emerging market countries are defined as those included within the MSCI Emerging Markets Index and/or those included in the World General Information Bank’s definition of developing economies, as updated from time to time. Strategy in brief: ISIN LU1670710075 The investment manager focuses on companies with the potential to grow their dividends Fund Type Capitalization over the long term. The investment manager selects stocks with different sources of Quote Frequency daily dividend growth to build a... Quote Currency EUR Currency USD Chart 5 year Foundation Date 18/07/2008 Fund Manager Stuart Rhodes Legal Type Investment
    [Show full text]
  • Standard Life Aberdeen (SLA); FTSE 100; Financial Services
    Selling: Standard Life Aberdeen (SLA); FTSE 100; Financial Services Managing a portfolio is a lot like managing a garden. In gardening there are regular recurring tasks such as trimming back fast-growing plants and replacing unattractive plants with more attractive alternatives. In a portfolio this means regularly trimming back oversized positions and replacing unattractive holdings with more attractive alternatives. Average purchase price Current price Holding period (including investment in Aberdeen AM) £3.76 £2.90 Feb 2016 to Apr 2021 (5yrs 2mo) Capital gain Dividend income Annualised return (including return of capital from de-mergers) -13.4% 31.2% 4.0% “Standard Life Aberdeen is one of the world’s largest investment companies, the largest active manager in the UK and one of the largest in Europe. It has a significant global presence and the scale and expertise to help clients meet their investment goals.” Overview Standard Life Aberdeen (SLA) originally joined the model portfolio in 2016 as Aberdeen Asset Management, which was then the second largest active fund manager in the UK (second only to Schroders). This investment worked out well, with the 2017 merger of Aberdeen and Standard Life leading to annualised return of 17% at the merger date. I decided to hold on to the SLA shares post merger because Standard Life was a leading asset manager and the combined group promised additional economies of scale and a more diverse and robust business. Four years later and as a more experienced investor, I now think both companies lacked durable competitive advantages and I think that’s true of the combined business too.
    [Show full text]
  • WHAT ARE INVESTMENT ASSETS? • Assets Are What Your Fund Invests In
    PORTFOLIO BOND (IPS) – FUNDS KEY FEATURES 5 WHAT ARE INVESTMENT ASSETS? • Assets are what your fund invests in. • The assets that a fund invests in will have a significant impact on the performance of your investment. It’s important that you understand the differences between the main types of assets. • There are four main types of asset and each has its own characteristics: − Equities − Fixed interest securities − Commercial property − Cash. • It’s generally a good idea to invest in a number of different assets so you don’t rely on the performance of one individual asset. This strategy, called ‘diversification’, is basically what funds offer as they spread your investment across lots of assets. • Many funds also invest in more than one type of asset to create even more diversification. • Investing in a mix of funds is another good way to spread your investment. WHAT ARE EQUITIES? NOTES • Equities (also known as 'shares') are a share in a company that allows the owner of those shares to participate in any financial success achieved by • Over the short term, the that company. value of funds investing in equities can go up and • Equities can achieve growth in two ways: down a lot. − Through increases in share prices. The share price reflects the • Company share prices can underlying value of the company. also change dramatically in − Through dividends, which are regular payments made to shareholders response to the activities generally based on the company’s annual profits. and financial performance of individual companies, • Investing in equities is considered by many investment experts to be one as well as being influenced of the best ways to achieve long-term growth.
    [Show full text]
  • 27322-ASI Investment Flyer BRO 0817.Indd
    An asset manager for today’s global opportunities The coming together of Standard Life Investments and Aberdeen Asset Management under the Aberdeen Standard Investments brand will create the largest active investment manager in the UK* and one of the largest investment houses globally. Assets Investment managed Clients in More than managers in Client support in $718bn** 80 1,000 24 50 countries*** investment offices*** locations*** staff*** ** as of December 31, 2016, £/US$ rate: 1.2356 *** as of May 31, 2017 Source: Standard Life plc, Aberdeen Asset Management PLC “ The industry is changing; we have ensured we are well placed to meet our clients’ evolving needs and remain their trusted partner.” Martin Gilbert, Chief Executive, Standard Life Aberdeen plc * As of May 31, 2017, Source: Standard Life plc, Aberdeen Asset Management PLC An asset manager for today’s global opportunities Standard Life Investments was the investment On-the-ground expertise arm of Standard Life plc, a major UK listed Employing over 1,000 investment professionals, we can draw fi nancial services company which started life upon a breadth of investment talent. Our portfolio managers in 1825. Aberdeen Asset Management plc was are located across 24 offi ces, allowing us to be deeply rooted formed in 1983 via a management buyout and in every market in which we invest. Our uncompromising emphasis on conducting our own fi rst-hand research into has grown from a pioneer investor in Asian and companies and markets helps us fi nd opportunities at an emerging markets into a full-service, UK-listed early stage and screen out market noise.
    [Show full text]
  • FTSE Factsheet
    FTSE COMPANY REPORT Share price analysis relative to sector and index performance Aquila Services Group AQSG Investment Banking and Brokerage Services — GBP 0.26 at close 18 June 2021 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 18-Jun-2021 18-Jun-2021 18-Jun-2021 0.35 115 115 1D WTD MTD YTD Absolute 0.0 0.0 0.0 0.0 0.3 110 110 Rel.Sector 1.9 2.8 1.0 -2.0 Rel.Market 1.7 1.7 0.4 -8.2 0.25 105 105 VALUATION 0.2 100 100 Trailing 0.15 95 95 Relative Price Relative Price Relative PE 82.2 Absolute Price (local (local currency) AbsolutePrice 0.1 90 90 EV/EBITDA 38.4 0.05 85 85 PB 2.0 PCF +ve 0 80 80 Div Yield 1.1 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Price/Sales 1.3 Absolute Price Relative Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Net Debt/Equity 0.1 100 90 90 Div Payout 90.5 90 80 80 ROE 2.6 80 70 70 70 Index) Share Share Sector) Share - - 60 60 60 DESCRIPTION 50 50 50 40 The Company operates as a venture capital 40 40 RSI RSI (Absolute) 30 company. The Company provides financing for one or 30 30 more growing unquoted companies looking for capital 20 20 to expand the business.
    [Show full text]
  • Challenging Road Ahead but Outlook Stable on Asset Manager Sector
    Elizabeth Campbell Sean C. Tillman, CFA Asset Managers Have Stable Outlook Brian Estiz, CFA Jenny Panger, CFA With Risks Balanced For 2021 Nigel Greenwood Asset Manager Outlook 2021 January 15, 2021 Key Takeaways – Our outlook on both the traditional and alternative asset managers is stable. – We return to a stable outlook (from negative) on the traditional asset managers after two years that saw 19 negative rating actions, meaning negative outlook, or downgrade, out of 32 negative rating actions and 48 total rating actions. Alternative asset managers saw 10 negative rating actions while investment holding companies rounded out the difference. – We continue to believe that alternative asset managers are better positioned vis-à-vis their traditional peers. That said, we expect the traditional asset managers credit risk to be more balanced over 2021 as accommodative monetary and fiscal policy offsets some of the industry headwinds. Our current ratings incorporate these more balanced conditions and should result in a more equal distribution of upgrades and downgrades over the year. – Mergers and acquisitions (M&A) remain a focal point. 2020 saw a series of large acquisition announcements, both within the sector and involving banks and insurance companies. While the size of the deals may taper, we expect M&A to be a key strategy in the sector as firms reach for greater scale, capital, and capabilities. – In the U.S., which represents the largest pool of assets under management (AUM) and where the majority of ratings are based, S&P Global Economists expect a 4.2% U.S. real GDP rebound in 2021, after a 3.9% contraction in 2020.
    [Show full text]
  • Important Information About Our Services
    Important Information about our Services Welcome to Independent Financial Solutions Who are we and what do we do? We are a firm of independent financial advisers established in 1997 and have been helping our clients to meet their financial goals. As members of the Personal Finance Society (PFS), we believe in establishing and maintaining long term relationships, to help clients successfully achieve their financial goals. We are an appointed representative of TenetConnect Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA). The FCA is the independent regulator of financial services in the United Kingdom. TenetConnect Services Limited is entered on the Financial Services Register (www.fca.org.uk/register) under reference 150643. Who is TenetConnect Services Limited? TenetConnect Services Limited is wholly owned by Tenet Limited, which is a wholly owned subsidiary of Tenet Group Limited (‘TGL’), a leading distributor of financial products and services in the UK. TGL is majority owned by the following corporate shareholders; AEGON UK Distribution Holdings Ltd (22%), Aviva Life & Pensions UK Limited (23%), Aviva Life Holdings UK Ltd (24%) and Standard Life Aberdeen PLC (25%). Aviva Life & Pensions UK Limited and Aviva Life Holdings UK Ltd are both companies within the Aviva plc group. Their address is: TenetConnect Services Limited, 5 Lister Hill, Horsforth, Leeds, LS18 5AZ. Tel: 01132 390011. To find out more about TenetConnect Services Limited and the support and backing they provide us with, please visit their website www.tenetgroup.co.uk/consumer What can we do for you? Our mainstream service is to act on your behalf for the purpose of arranging and advising on the following: Investments & Pensions, for example an ISA or Personal Pension Plan; Personal & Family Protection, for example a Life Assurance or Critical Illness Plan; For all the services described above we will complete a detailed fact find so we can understand your circumstances, specific needs and objectives to determine if these services are suitable for you.
    [Show full text]
  • JOHCM UK Equity Income Fund Monthly Update
    Professional Investors Only JOHCM UK Equity Income Fund Monthly Bulletin: June 2020 Active sector bets for the month ending 31 May 2020: Top five Sector % of Portfolio % of FTSE All-Share Active % Life Insurance 9.65 3.08 +6.57 Mining 12.76 6.80 +5.96 Media 8.51 3.81 +4.70 Financial Services 8.25 4.33 +3.92 Food & Drug Retailers 6.03 2.11 +3.92 Bottom five Sector % of Portfolio % of FTSE All-Share Active % Pharmaceuticals & Biotechnology 0.00 10.62 -10.62 Equity Investment Instruments 0.00 6.18 -6.18 Tobacco 0.00 4.56 -4.56 Beverages 0.00 3.88 -3.88 Personal Goods 0.00 2.78 -2.78 Active stock bets for the month ending 31 May 2020: Top ten Stock % of Portfolio % of FTSE All-Share Active % Standard Life Aberdeen 3.52 0.31 +3.21 Phoenix Group 3.33 0.17 +3.16 Legal & General Group 3.77 0.63 +3.14 Barclays 4.20 1.08 +3.12 WPP 3.43 0.39 +3.04 Tesco 4.11 1.16 +2.95 ITV 3.10 0.16 +2.94 Glencore 3.76 0.87 +2.89 BP 6.00 3.20 +2.80 Vistry Group 2.80 0.09 +2.71 Bottom five Stock % of Portfolio % of FTSE All-Share Active % AstraZeneca 0.00 5.85 -5.85 GlaxoSmithKline 0.00 4.23 -4.23 HSBC 0.00 3.99 -3.99 British American Tobacco 0.00 3.83 -3.83 Diageo 0.00 3.49 -3.49 JOHCM UK Equity Income Fund: June 2020 Performance to 31 May 2020 (%): Since Strategy 1 month Year to date Fund size inception size Fund – A Acc GBP 0.11 -30.59 183.40 £1,870mn £2,270mn Lipper UK Equity Income mean* 1.27 -21.10 132.51 FTSE All-Share TR Index 2.17 -17.79 152.26 (12pm adjusted) Discrete 12-month performance (%) to: 31.05.20 31.05.19 31.05.18 31.05.17 31.05.16 JOHCM UK Equity -20.99 -12.21 12.66 27.85 -11.12 Income Fund – A Acc GBP FTSE All-Share TR Index -10.02 -3.52 6.41 24.51 -6.80 (12pm adjusted) Past performance is no guarantee of future returns.
    [Show full text]
  • Schroders Plc 23 October 2018
    Schroders plc 23 October 2018 SCHRODERS AND LLOYDS ANNOUNCE WEALTH MANAGEMENT STRATEGIC PARTNERSHIP AND AGREEMENT TO MANAGE £80BN OF SCOTTISH WIDOWS AND LLOYDS ASSETS Schroders plc (‘Schroders’) and Lloyds Banking Group (‘Lloyds’) today announce that they are entering into a strategic partnership to create a market-leading wealth management proposition. This strategic partnership will combine Schroders’ investment and wealth management expertise and technology capabilities with Lloyds’ significant client base, multi-channel distribution and digital capabilities. For Schroders, the partnership will continue its expansion into the strategically important UK wealth management market, building on its core strengths in active investment management. It will also leverage Benchmark Capital’s1 award-winning adviser platform technology. For Lloyds, the partnership is in line with the strategic objectives outlined in its latest strategic review and will accelerate the development of its Financial Planning and Retirement business, and deliver significant additional growth. This strategic partnership includes: Financial Planning Lloyds and Schroders will establish a new financial planning joint venture company (‘JV’) for affluent customers. Lloyds will own 50.1% of the share capital and Schroders the remaining 49.9%. The JV will address the growing gap in the advice market through a personalised, advice-led proposition, backed by world-class investment expertise and best in class technology. Lloyds will transfer approximately £13 billion of assets and associated advisers from its existing Wealth Management business to the JV. There will also be a referral agreement in place to enable Lloyds’ customers to benefit from this enhanced proposition. The JV aims to commence activities by the end of H1 2019 (subject to required regulatory and other approvals) and will be led by a management team comprising representatives from both partners.
    [Show full text]
  • SL M&G Property Portfolio Life Fund
    Q2 SL M&G Property Portfolio Life 2021 Fund 30 June 2021 This document is intended for use by individuals who are familiar with investment terminology. Please contact your financial adviser if you need an explanation of the terms used. The SL M&G Property Portfolio Life Fund invests primarily in the M&G Feeder of Property Portfolio Fund. The aim Life Investment of the M&G Feeder of Property Portfolio Fund is summarised below. Fund The Trust aims to provide a higher total return (capital growth plus income), net of the Ongoing Charge Figure and Property Expense Ratio, than the average return of the IA UK Direct Property Sector over any five-year period solely through investment in M&G Property Portfolio. Property Fund The value of any investment can fall as well as rise and is not guaranteed – you may get back less than you pay in. For further information on the M&G Feeder of Property Portfolio Fund, please refer to the fund manager fact sheet, link provided below. Standard Life does not control or take any responsibility for the content of this. Quarterly M&G Feeder of Property Portfolio - Fund Factsheet http://webfund6.financialexpress.net/clients/StandardLife/FS.aspx?Code=I10Z&Date=01/06/2021 Underlying Fund Launch Date January 2013 Standard Life Launch Date March 2006 Underlying Fund Size (30/06/2021) £867.5m Standard Life Fund Size (30/06/2021) £7.8m Underlying Fund Manager Justin Upton Standard Life Fund Code 3F Volatility Rating (0-7) 4 The investment performance you will experience from investing in the Standard Life version of the fund will vary from the investment performance you would experience from investing in the underlying fund directly.
    [Show full text]
  • M&G Global Dividend Fund
    M&G Global Dividend Fund Annual Long Report and audited Financial Statements for the year ended 31 March 2021 Special version for Switzerland An Open-Ended Investment Company with variable capital authorised in the United Kingdom Contents Authorised Corporate Director’s Report ............ 1 Directors’ statement ........................... 3 Depositary’s Responsibilities and Report ........... 4 Independent Auditor’s Report .................... 5 Authorised Corporate Director’s Report, including the financial highlights and financial statements and notes ......................................... 8 Other regulatory disclosures .....................45 Glossary.......................................46 Annual Long Report and audited Financial Statements • March 2021 Authorised Corporate Director’s Report The Authorised Corporate Director (ACD) of Directors of the ACD M&G Global Dividend Fund presents its Annual Long C Dobson (non executive director), N M Donnelly*, Report and audited Financial Statements for the year S A Fitzgerald, P R Jelfs, ended 31 March 2021. M McGrade (non executive director), Please note that we have included an explanation of key LJMumford investment terminology in the ‘Glossary’ (at the back of * Resigned 30 June 2020. this report). Investment manager M&G Investment Management Limited, Company information 10 Fenchurch Avenue, London EC3M 5AG, UK This Open-Ended Investment Company (OEIC) is an Telephone: +44 (0)20 7626 4588 Investment Company with Variable Capital (ICVC) (Authorised and regulated by the Financial Conduct
    [Show full text]