The GBP Growth Fund is a Great British pound denominated fund employing a passive management strategy invested in 80% growth assets (international equities), with a 20% exposure to income assets (international fixed interest).

 

Investment Objectives

The fund seeks to track a composite index (before annual fund charge and tax), comprising 80% MSCI World (net dividends) (LCT) and 20% Bloomberg Barclays Global Aggregate Bond Index (GBP hedged).


Investment Managers

The table below sets out the target asset allocation and underlying investment managers for the Fund.

For more information you can access the Funds Statement of Investment Objectives and Policy (SIPO).

Asset Class

Investment Manager

 Product Name Benchmark Asset Allocation 1

International Fixed Interest

BlackRock Asset Management

iShares Global Aggregate Bond UCITS ETF

 20%

International Equities

 BlackRock Asset Management iShares Core MSCI World UCITS ETF 80%
Total assets 100%

 

1 The Benchmark Asset Allocation, Maximum, Currency Hedging and Operating ranges are set out in the SIPO.

 

Fund Performance

Please find below the latest performance figures for the GBP Growth Fund as at 31 December 2020.  The returns are after and fees and taxes:

 

PIR Tax Rate

Month

Quarter

6-months

12-months

Inception

28%

2.55%

8.51%

14.02%

10.31%

12.20%

0%

2.71%

8.88%

15.02%

9.81%

13.01%

* GBP Growth Fund was established on 24 December 2018

* Returns for periods longer than one year are annualised

 

The chart below illustrates the performance of £100,000 invested in the GBP Growth Fund from inception on 24 December 2018 to 31 December 2020. The chart shows cumulative investment performance after fees, and tax (at 28%):