|Mid Price||GBX 74.81||Day Change||GBX +0.28 (0.38%)|
|Price Date||19 Mar 2019||Crown Rating|
|Shares Class||Acc.||Yield||1.62 %|
|Last Ex-Dividend Date||02 July 2018||Dividend Frequency||Annually|
|Sector||Volatility Managed||Fund Size||1,382,259,035.16|
|Launch Date||09/09/2010||Standard Initial Charge||0.00%|
|Ongoing cost||0.34%||Annual Management Charge||0.07%|
The fund aims to provide a total return from a combination of income and capital appreciation over the longer term, investing mainly in a range of collective investment schemes to achieve a broad exposure to diversified investments, including equities, fixed and variable rate interest bearing securities and immoveable property. Exposure to equities and fixed and variable interest bearing securities is achieved by investing mainly in passively managed collective investment schemes. Exposure to immoveable property is achieved by investing mainly in actively managed collective investment schemes. The fund may also invest in transferable securities, money market instruments, deposits and cash. Typically, the fund will have a preference towards lower risk assets, such as bonds. Past performance is not a guide to future returns and future returns are not guaranteed. The price of assets and the income from them may go down as well as up and cannot be guaranteed; an investor may receive back less than their original investment. The fund may use derivatives to reduce risk or cost, or to generate additional capital or income at low risk. Usage of derivatives is monitored to ensure that the fund is not exposed to excessive or unintended risks. The value of assets held within the fund may rise and fall as a result of exchange rate fluctuations.
Bambos has over 20 years investment experience of which almost 10 years is in managing retail fund of funds, this length of fund of fund experience is almost unrivalled. Bambos graduated with a degree in Mathematics from the University of London. Bambos began his career in 1978 at Legal & General in the actuarial department before moving to the investment division. He joined Morgan Stanley Quilter in 1987 to manage pension funds and discretionary equity portfolios for high net worth clients. In this role, he was responsible for analysing and picking equities and constructing portfolios. This experience of direct stock selection & portfolio construction is exceptionally rare within fund of fund managers. He progressed to head up a team of four, managing portfolios which held collective investments such as unit trusts. He moved to Friends Ivory Sime in 1997 to manage 3 Fund of Funds before joining Rothschild in 2001 to head up the Fund of Fund Desk and run almost £1bn in assets. Bambos and his team joined Gartmore in November 2003 to build up its' Multi-Manager business.