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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 the Wealth 50
is a good place to start.
View funds on the Wealth 50 »
The Fund seeks to achieve capital growth and, gradually over time, to reduce the risk of capital erosion for investors planning to withdraw all or substantial portions of their investment in the Fund during or after the Target Date Range (which is 2021-25). The Fund is mainly invested in units of other collective investment schemes, including schemes managed by firms in the AXA Group. The collective investment schemes that the Fund invests in will predominantly be of a passive nature, meaning collective investment schemes that track investment indices. The Fund may also invest in transferable securities, money market instruments, warrants, deposits, derivative instruments and, or indirectly through, collective investment schemes. Use may be made of stock-lending, borrowing, cash holdings and hedging. The Fund may use derivatives for investment purposes as well as for Efficient Portfolio Management. The Fund's strategic asset allocation will alter over time, gradually reducing expected volatility on approach to the target date range and thereafter. The Fund also deploys a tactical asset allocation process that seeks to manage portfolio risk in the short term, mitigating the effect of extremes in the market The ACD's and/or the Investment Adviser's assessment of the growth and volatility prospects of various assets classes may vary over time. Collective investment schemes are selected on the basis of their efficiency at tracking the performance of their reference investment indices.