Fund objectives

The fund objectives shown here relate to funds linked with policies issued by Countrywide Assured and Premium Life.  For information about funds relating to City Westminster Assurance Ltd (CWA) policies, please call 0800 085 2385

Details of the funds linked to Save & Prosper policies can be found here.

Managed Fund

The objective of the Managed Fund is to achieve capital growth, whilst taking a moderate level of risk. It does this by investing in a range of investments, including UK and overseas equities, property, government stocks and fixed interest securities.

The Fund Manager varies the amounts invested in each sector according to the prevailing market conditions. By investing in a wide range of investments, the overall impact on the Fund of market fluctuations in any individual sector is reduced, with the aim of making the Managed Fund less volatile than some of the other more specialised funds.

Equity Fund

The long-term objective of the Equity Fund is to achieve capital growth by investing in the shares of quality UK companies. The Fund Manager regularly reviews the choice of investments in the fund to gain advantage from movements in the UK equity market. Investments are concentrated in the UK equity market, therefore, the Equity Fund has the potential to achieve higher returns than the  Managed Fund, but has a higher investment risk.

International Fund

The long-term objective of the International Fund is to achieve capital growth by investing in the shares of overseas companies, together with those of UK companies with overseas interests. The Fund Manager can invest in any country and regularly reviews the choice of investments in the fund to gain advantage from movements in different equity markets. Investments are concentrated in international equity markets, therefore, the International Fund has the potential to achieve higher returns than the  Managed Fund, but has a higher investment risk.

Deposit Fund

The investment objective of the Deposit Fund is to achieve a reasonable rate of return, whilst maintaining a high level of security. This Fund can be invested in a range of interest-bearing investments, including bank and building society deposits, as well as short term bills issued by the Treasury, local authorities or other corporate bodies. Under normal market conditions, over the longer term, whilst the Deposit Fund has less potential to achieve investment returns as high as the Managed Fund, the investment risk attached is lower.

Managed Funds (PS)

The objective of the Managed Fund is to achieve capital growth, whilst taking a moderate level of risk. It does this by investing in a range of investments, including UK and overseas equities, property, government stocks and fixed interest securities.

The Fund Manager varies the amounts invested in each sector according to the prevailing market conditions. By investing in a wide range of investments, the overall impact on the Fund of market fluctuations in any individual sector is reduced, with the aim of making the Managed Fund less volatile than some of the other more specialised funds.

UK Equity Fund (PS)

The long-term objective of the UK Equity Fund is to achieve capital growth by investing in the shares of quality UK companies. The Fund Manager regularly reviews the choice of investments in the fund to gain advantage from movements in the UK equity market. Investments are concentrated in the UK equity market, therefore, the UK Equity Fund has the potential to achieve higher returns than the Managed Fund, but has a higher investment risk.

International Equity Fund (PS)

The long-term objective of the International Equity Fund is to achieve capital growth by investing in the shares of overseas companies, together with those of UK companies with overseas interests. The Fund Manager can invest in any country and regularly reviews the choice of investments in the fund to gain advantage from movements in different equity markets. Investments are concentrated in international equity markets, therefore, the International Equity Fund has the potential to achieve higher returns than the Managed Fund, but has a higher investment risk.

Building Society & Deposit 1993 Fund (PS)

The investment objective of the Building Society & Deposit Fund is to achieve a reasonable rate of return, whilst maintaining a high level of security. This Fund can be invested in a range of interest-bearing investments, including bank and building society deposits, as well as short term bills issued by the Treasury, local authorities or other corporate bodies. Under normal market conditions, over the longer term, whilst the Building Society & Deposit Fund has less potential to achieve investment returns as high as the Managed Fund, the investment risk attached is lower.

Balanced Fund (PS)

The objective of the Balanced Fund is to achieve capital growth, whilst taking a moderate level of risk. It does this by investing in a range of investments, including UK and overseas equities, property, government stocks and fixed interest securities.

The Fund Manager varies the amounts invested in each sector according to the prevailing market conditions. By investing in a wide range of investments, the overall impact on the Fund of market fluctuations in any individual sector is reduced, with the aim of making the Balanced Fund less volatile than some of the other more specialised funds.

Property Fund (PS)

The objective of the Property Fund is to achieve capital growth by investing in UK commercial and industrial property through the use of collective schemes. The Fund aims to offer protection against inflation over the longer term, and is impacted less by the short term fluctuations in stock market returns than equity or managed funds.

Property assets can be illiquid, that is not easy to trade. As such, there can be times when transactions in / out of the fund may be delayed.

GT Managed Fund (PS) - Life policies only

The objective of the GT Managed Fund is to achieve capital growth through a balanced range of investments, and will take more investment risk than in the Managed Fund. The fund will invest in a range of investments, including UK and overseas equities, property, government stocks and fixed interest securities.

The Fund Manager varies the amounts invested in each sector according to the prevailing market conditions. By investing in a wide range of investments, the overall impact on the Fund of market fluctuations in any individual sector is reduced, with the aim of making the GT Managed Fund less volatile than some of the other more specialised funds, but due to the greater risk, more volatile than the Managed Fund.

For information about Save & Prosper insurance policy or pension funds, please call us. For funds managed by JP Morgan Management, you’ll find more here.