The Fund aims to provide capital growth and income in excess of inflation, as measured by the UK Consumer Price Index, over a market cycle, which is typically 5-7 years, by investing in open-ended Investment Funds and Exchange Traded Funds.
At least two thirds of the Fund's assets (excluding cash) will invest in a diversified portfolio of open-ended Investment Funds and Exchange Traded Funds with underlying investments in global equity, bonds and/or Alternative Asset Classes. Investments in Alternative Asset Classes will be obtained through open-ended Investment Funds that invest in Alternative Asset Classes including property and commodities. The Fund may also invest in closed ended funds, individual equities, bonds, money market instruments, cash and place cash on deposit. The Fund may invest in financial derivative instruments including futures, forwards and options for the purposes of efficient portfolio management.