Bestinvest says
No information available.
The fund invests mainly in longer-dated British Government gilt-edged stocks but may also invest in UK and overseas company bonds. It aims to provide protection against falls in annuity income rates. It does this by matching the investments as closely as possible to the cost of buying an annuity. As annuity income rates fall, the cost of buying an annuity rises and the investments should rise broadly in line. As annuity income rates rise, the cost of buying an annuity falls and the investments should fall broadly in line. This fund doesn’t offer any guarantees.