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Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
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Our view on this fund
is the list of what we believe are the best funds in each sector. If a fund is not
within our Wealth 50 this is not necessarily a recommendation to sell.
However, if you are thinking of adding to your investments we believe
Wealth 50 funds are superior alternatives.
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The Fund aims to achieve a high level of income and modest growth of your investment. The Fund intends to invest in the financial sector globally, primarily in debt securities with fixed and variable interest rates, which may be rated investment or below investment grade. The Fund may also invest in convertible securities (bonds that can be converted into shares), hybrid securities (instruments that combine the characteristics of bonds and shares), preference shares, contingent convertible instruments (CoCoBonds) (bonds that can be converted into shares or its principal amount may be written down if a pre-specified trigger event occurs), subordinated debt and exchange traded funds (ETFs) (securities that track an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange). During times of high levels of market movements (volatility) the Fund may invest substantially in deposits. The Fund does not intend to invest directly in ordinary shares, however may acquire and hold ordinary shares where such ordinary shares are acquired by way of conversion from another security held by the Fund. The Fund may also enter into financial derivative instruments (FDI) for hedging and efficient portfolio management purposes. These FDI will include swaps, options, futures and forwards contracts. The Fund will take both long and short positions synthetically through the use of each of these FDIs as well as long positions through its direct investments. Certain financial instruments such as convertible securities and CoCo-Bonds may have embedded leverage or embed a derivative component. The Fund may invest in these securities for speculative or investment purposes.