MANAGED GROWTH FUND 2.

Insight from our professional fund managers into exactly how your money is invested. This information is intended for individuals who are familiar with investment terminology. It should not be relied upon as sufficient information to support an investment decision.


Fund objective

The Fund will typically focus on lower-risk assets, such as fixed interest securities including government bonds and corporate bonds. The Fund aims to achieve:

  • a combination of income and capital growth by mainly investing in a portfolio of collective investment schemes
  • a broad exposure to diversified investments, including equities and fixed interest securities
  • property exposure via exposure to collective investment schemes.

Fund details

Below you will find basic information about the fund including launch date and size. You will also see a breakdown of the asset allocation and top holdings as at 31/03/2017.

Basic Fund Information

Fund Launch Date 26/03/2014
Fund Size £14.4m
Manager Name Shanshan Zhang, Jeff King
Manager Since 02/12/2013

Asset Allocation

UK Fixed Interest 53.8%
UK Equity 32.2%
Overseas Bonds 11.5%
Global Equity 2.4%
Money Market 0.1%
Total % of fund 100.0%

Top Holdings

SW UT MGR CORPORATE BOND W ACC 30.3%
ABERDEEN UK ALL SHARE TRACKER GBP 20.2%
SW OEIC UK FIXED INTEREST TRACKER W ACC 16.8%
ABERDEEN UK PROPERTY FEEDER UN ABERDEEN UK PTY FEEDER J INC 11.9%
SW OEIC OVERSEAS FIXED INTEREST TRACKER W ACC 8.5%
ABERDEEN CORPORATE BOND FUND ABERDEEN CORP BOND Q INS INC 6.9%
ABERDEEN GLOBAL HIGH YIELD BON GBP 3.0%
SW OEIC INTL EQUITY TKR CLASS X ACC 2.4%
Total % of fund 100.0%

Past Performance

Past performance is not a guide to future performance. Investment value and income from it may fall as well as rise, as a result of market and currency movements. You may not get back the amount originally invested.

Performance figures are in £ sterling on a single pricing basis, with income (where applicable) reinvested net of UK tax and net of total annual fund charges. These figures do not include any initial charge or other product charge(s) that may be applicable.

Percentage growth year on year

Percentage growth year on year

31st March 2012 - 31st March 2013

31st March 2013 - 31st March 2014

31st March 2014 - 31st March 2015

31st March 2015 - 31st March 2016

31st March 2016 - 31st March 2017

Managed Growth Fund 2

N/A

N/A

10%

-0.6%

11%

Managed Growth Fund 2


31st March 2012 - 31st March 2013

N/A

31st March 2013 - 31st March 2014

N/A

31st March 2014 - 31st March 2015

10%

31st March 2015 - 31st March 2016

-0.6%

31st March 2016 - 31st March 2017

11%

Quarterly Fund Manager Review

Each quarter the fund manager reviews how the fund has performed in the last quarter. The following review is for the last quarter:

  • All the major asset classes rose in value during the first quarter of 2017, although there was a wide disparity in returns. In the UK, the FTSE 100 index hit an all-time high of 7429.8 during March, despite concerns that the signing of Article 50, which officially gives notice of the UK’s intention to leave the European Union (EU), would result in stock market volatility.
  • Overseas equities generally outperformed the UK market. In the US, investors spent much of the quarter focusing on the prospects for interest rates and in March, the US Federal Reserve announced its much-anticipated third interest rate rise in two years.
  • Bonds underperformed equities over the quarter amid signs of rising inflation. Bond prices ended the quarter only slightly higher in the US and UK. However, German Bund yields rose, albeit from a level only just above 0%. Corporate bonds produced slightly better returns in an environment where investors were comfortable taking on a higher level of risk.
  • The UK commercial property market rose, but was more subdued than in the latter months of 2016. A degree of nervousness continued to affect the market ahead of the signing of Article 50, which marked the start of formal negotiations on the UK’s exit from the EU.

Shanshan Zhang, Jeff King, 31/03/2017
The views, opinions and forecasts expressed in this document are those of the fund management house. Investment markets and conditions can change rapidly and as such the views expressed should not be taken as statements of fact, nor should reliance be placed on these views when making investment decisions.

Understand the risks

Please remember that the value of an investment and the income from it can go down as well as up and you may get back less than you invested. If you are in any doubt about making your own investment decisions we recommend you seek advice from a suitably qualified financial adviser.


How to apply

If you don’t already have a Halifax account with Online Banking facilities, you’ll need to open an account first. Some of our savings accounts can be opened online with a minimum deposit of as little as £1. View our savings accounts

Registered for Online Banking? You're ready to apply, but first find out more about what you'll need to have to hand.

Find out more and apply


Fund Factsheets

Our fund factsheet has more information about the fund and its past performance.

Download Fund 2 Factsheet (PDF)

Our Key Investor Information Document aims to help you understand the nature and risks of investing in this fund.

Key Investor Information Document (PDF)


Halifax is a division of Bank of Scotland plc. Bank of Scotland plc, Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh, EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). For further information about the compensation provided by the FSCS, refer to the FSCS website at www.fscs.org.uk/. You can also visit our Financial Services Compensation Scheme page for more details.

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Eligible investments are protected up to a total of £50,000 by the Financial Services Compensation Scheme.

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