Quick Stats

Mid Price GBX 73.86 Day Change GBX -0.16 (-0.22%)
Price Date 24 May 2019 Crown Rating 3
Shares Class Acc. Yield 1.80 %
Last Ex-Dividend Date 02 July 2018 Dividend Frequency Annually
Sector Volatility Managed Fund Size 359,523,605.58
Launch Date 09/09/2010 Standard Initial Charge 0.00%
Ongoing cost 0.28% Annual Management Charge 0.07%
ISIN GB00B575W950 Sedol B575W95

Fund Objective

The fund aims to provide growth over the long term while being managed to a level of risk, rather than a level of return. It is part of the MyFolio Market range, which consists of five funds with different expected combinations of investment risk and return levels. The fund is risk level I, which aims to be the lowest risk fund in this range. This level will have the highest amount in traditionally lower risk assets such as money market instruments including cash and certain types of bonds. This may suit you if you have a conservative approach to investing. The fund invests at least 60% in passively managed funds, including those managed by Aberdeen Standard Investments, to obtain broad exposure to a range of diversified investments. Typically at least 50% is invested in assets traditionally viewed as being lower risk such as money market instruments including cash, government bonds (loans to a government) and investment grade corporate bonds (loans to a company). The rest of the fund is invested in a selection of other assets such as company shares including property shares and commercial property. The fund is actively managed by the investment team. Their main focus is to select funds within each asset class and ensure that the strategic asset allocation (long-term proportions in each asset class) meets the fund's objectives. In addition, they will take tactical asset allocations (changing short term proportions in each asset class) to improve returns. It may consist of up to 40% actively managed funds (again including those managed by Aberdeen Standard Investments). Please note that the number contained in the fund name is not related to the synthetic risk and reward indicator contained in the Key Investor Information document (NURS-KII).

Fund Managers

Bambos Hambi
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.
Joe Wiggins