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SCW JPM CAUTIOUS TOTAL RETURN S2 PF - Fund overview

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Overview of SCW JPM CAUTIOUS TOTAL RETURN S2 PF

The fund aims to produce over the medium term a return that is 3 percentage points higher than cash, as measured by Libor (the rate at which banks lend to each other). At least 50 per cent of the portfolio will be in cash or government bonds, with the rest in equities and convertible bonds. Given the fact that government bonds are currently yielding less than Libor these targets seem pretty hard to achieve. If half the fund earns Libor this this would mean that the risky part of the portfolio would need to achieve at least Libor +6% (at current rates). This seems a tall order given that long-term real return from equities is about 6-7 per cent a year.

Standard Initial Charge

0.00% 0.00%

Fund summary

Sector	–
Product type	PENSION FUND
Launched	November, 2005
Size	£45m
Yield	0.0%
Charging basis	–
Dividends paid	–
Bid price	107.80p

Fund Charges

Standard Initial charge	0.00%
Initial charge via Bestinvest	0.00%
Additional bid/offer spread	0.00%
Annual management charge	1.00%
Total expense ratio	1.82%
Reduction in yield (10yr)	1.82%

Bestinvest says

No information available.

Portfolio

scw jpm cautious total return s2 pf asset allocation illustration

Allocation		Proportion

	Equity	15%
	High yield bonds	–
	Quality bonds	51%
	Property	–
	Commodities	–
	Hedge	–
	Fund cash	34%

scw jpm cautious total return s2 pf equity geographic illustration

Allocation		Proportion

	UK	24%
	Europe	31%
	Nth America	24%
	Japan	2%
	Pacific	8%
	Other Equity	11%

scw jpm cautious total return s2 pf equity capitalisation illustration

Allocation		Proportion

	Large Caps	70%
	Mid Caps	27%
	Small Caps	3%

View all performance data for SCW JPM CAUTIOUS TOTAL RETURN S2 PF

Investment process

The fund's investment objective is to achieve over a medium-term horizon higher returns than those available from money market instruments denominated in Sterling. It will invest primarily in fixed income securities, convertible bonds, equity securities and short-term securities of issuers located in any country.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

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