We use cookies to personalise content and ads to deliver the best possible web experience. By continuing to use this site, you agree that we may store and access cookies on your device. You can change your preferences at any time on your browser. For more detail, click here to view our cookie policy.

Generic Links

OCTOBER 2020 SECTOR REVIEW – FINE TUNING OUR DEFINED FUND RANGE

Further additions to our defined fund range enhances the quality of choice to help you achieve your investment goals.

We have completed the fifth stage of a review of our defined fund ranges. In this step, we have looked at Commodity & Energy, Single Country Equity and Sterling Bond.




Why we conduct reviews

By reviewing funds on a regular basis, using tools from independent global investment research company Morningstar®, the company that powers our interactive fund centres, we seek to identify and add funds that stand out in their respective peer groups for performance, risk/reward balance, objectives or investment style. We also look at funds that analysts at Morningstar believe will outperform their sector.


A review isn't just about adding funds. Importantly, we also take steps to remove funds we feel are no longer appropriate for the range. Our goal is to provide you with a best of breed range of quality funds covering a variety of sectors, regions and asset classes.


THE CHANGES FOR OCTOBER 2020

We're pleased to announce the addition of a number of new funds across the products listed above, which are available for investment from October 2020. These are now featured in the fund guides published from October onwards and in the fund centres.


We've also removed some funds with immediate effect and these are now closed to new business and switches in. Existing investors affected by the removals will be written to in October providing them with two months’ notice of our intention to switch their holdings out and into an alternative fund. These clients can continue to invest in the closing fund(s) until we switch them out. Switches will take place between 2 December and 15 December 2020. Samples of these letters can be viewed opposite.


If clients are happy with our choice of receiving fund then they do not need to do anything and will be switched automatically (including redirection of any regular payment allocation where applicable). However, if they would prefer to switch to a different fund it’s very easy to do. Switches can be submitted by completing and returning a Fund switch instruction form or, if registered for online switching, conducting a switch online fast and efficiently.


Click on the sliders below to see details of the changes for each product range.


ADDITIONS - Regular Savings Plan, Oracle, Quantum, Paragon (including Malaysia variants)

We've added seven new funds to the range (12 including currency variants).


Sector: Commodity & Energy


Fund name

Currency options

Morningstar category

Morningstar Star Rating*

OCF**

Ninety One Global Gold

GBP

Sector Equity Precious Metals

4 Star

1.60%


Sector: Single Country Equity


Fund name

Currency options

Morningstar category

Morningstar Star Rating*

OCF**

Invesco China Focus Equity

USD

Sector China Equity

4 Star

2.16%

Invesco China Equity (UK)

GBP

Sector China Equity

5 Star

1.69%

Aberdeen Standard SICAV I Indian Equity

GBP

USD

EUR

Sector India Equity

4 Star

2.06%

2.06%

2.06%

Invesco Japanese Equity Advantage

JPY

EUR

EUR Hdg

CHF Hdg

Sector Japan Large-Cap Equity

5 Star

1.71%

1.71%

1.71%

1.71%


Sector: Sterling Bond


Fund name

Currency options

Morningstar category

Morningstar Star Rating*

OCF**

Schroder Sterling Corporate Bond

GBP

Sector GBP Corporate Bond

5 Star

1.13%

Janus Henderson Fixed Interest Monthly Income

GBP

Sector Global Flexible Bond - GBP Hedged

5 Star

1.41%





REMOVALS - Regular Savings Plan, Oracle, Quantum, Paragon (including Malaysia variants)

We've removed five funds (nine including currency variants) that no longer satisfy the requirements of the range. These funds are no longer available to new business plans or switches in from existing plan owners wishing to invest in the funds for the first time.


The table below outlines the closing funds and the receiving funds we will automatically switch plan owners into.


Single Country Equity


Closing fund

OCF**

Receiving fund

OCF**

GAM Star China Equity Acc USD - IE00B1W3WR42

1.56%

Invesco China Focus Equity A Acc USD – LU0717748643

2.16%

GAM Star China Equity Acc GBP – IE00B1W3WM96

1.56%

Invesco China Equity UK Acc GBP – GB0033028332

1.69%

JPM India A Acc USD – LU0210527015

1.80%

Schroder ISF Indian Equity A Acc USD - LU0264410563

1.88%

Matthews Asia-India A Acc USD - LU0594557299

2.00%

Aberdeen Standard SICAV I Indian Equity A Acc USD – LU0231490524

2.06%

Matthews Asia-India A Acc GBP – LU0594557455

1.99%

Aberdeen Standard SICAV I Indian Equity A Acc GBP – LU0231462077

2.06%

Janus Henderson Horizon Japan Opportunities A2 Acc USD - LU0011889929

1.92%

Matthews Asia-Japan A Acc USD – LU1220257304

1.83%

Fidelity Japan Smaller Companies A Acc GBP – GB0003860565

1.70%

Legg Mason IF Japan Equity A Acc GBP – GB0033507467

1.10%

Fidelity Funds Japan Smaller Companies A Acc USD Hdg – LU0997587166

1.95%

BGF Japan Small & Mid Cap Opportunities A2 Acc USD - LU0006061252

1.85%

Fidelity Funds Japan Smaller Companies A Acc EUR – LU1048684440

1.95%

BGF Japan Small & Mid Cap Opportunities A2 Acc EUR – LU0171289068

1.85%





ADDITIONS - LifePlan

We've added two new funds to the range (including currency variants).


Sector: Sterling Bond


Fund name

Currency options

Morningstar category

Morningstar Star Ratings*

OCF**

Schroder Sterling Corporate Bond

GBP

Sector GBP Corporate Bond

5 Star

1.13%

Janus Henderson Fixed Interest Monthly Income

GBP

Sector Global Flexible Bond - GBP Hedged

5 Star

1.41%







Notes:

Information contained within these tables is sourced from Morningstar® and is correct as at 9 September 2020.


* Morningstar® awards a Star rating based on historic returns adjusted for risk and charges, with the top 10% of funds in a category awarded a 5 Star and the bottom 10% a 1 Star.


** Ongoing Charge (“OCF”) includes the Annual Management Charge plus other operational expenses, so better reflects the total costs applied to the fund.





view our previous sector reviews

Fund guides and forms

Applicable to Regular Savings plan, Oracle, Quantum and Paragon (including Malaysia variants)


Sample letters

Applicable to Regular Savings plan, Oracle, Quantum and Paragon (including Malaysia variants)