On 1 July 2010 SWIP changed the manager selection process for this fund. It is now controlled in-house by the SWIP Multi-Manager team. Consequently the Fund has been restructured with several external manager replacements.
Fund objective
To provide investors with exposure to specialist global equity managers. These managers invest outside the UK on a cross-border basis, seeking to take advantage of the best global investment opportunities available. The access these managers have to the broad opportunity set of global investments gives them an advantage over managers who adopt the traditional regional approach, focusing mainly on local factors.
You should note that the value of your investment can go down as well as up and investors may not get back the full amount invested.
The Fund may have holdings which are denominated in different currencies and may be affected by movements in exchange rates. Consequently, the value of the investment may rise or fall in line with the exchange rates.
Further details of the specific risks relating to investment in a Fund can be found in the relevant Prospectus and the Simplified Prospectus or Key Investor Information Document (KIID).
Literature
Fund performance (calendar years)
| Fund/index return |
Since inception |
2012** |
2011 |
2011 |
2009 |
2008 |
| Fund return % |
7.2 |
8.8 |
-8.5 |
17.6 |
24.4 |
-20.9 |
| *FTSE World ex UK % |
8.1 |
9.0 |
-6.1 |
16.7 |
18.9 |
-17.1 |
| Median return % |
6.9 |
8.6 |
-10.1 |
n/a |
n/a |
n/a |
Source: Lipper mid-mid basis, net of fees. *SWIP. Prior to 2010 this fund was in the unclassified sector and therefore Median data is not comparable.
** Year to date figure
Inception for performance calculation this is deemed as 01/11/04
Fund information
| Fund launch date |
18 October 2004 |
| Fund manager |
Natalie Burnand |
| Fund size |
£1754bn |
| Base currency |
GBP |
| Benchmark |
FTSE World ex-UK Index |
| IMA sector |
World ex-UK |
| Income yield |
0.4% |
| Valuation point |
12:00 noon |
| SWIP code |
45399 |
| ISIN code |
A Acc - BG00B02G7D75 |
| SEDOL code |
A Acc - B02G7D7 |
| Bloomberg code |
A Acc - MMIEQAA LN |
| Intel |
1.7% |
| Nestle |
1.4% |
| Apple |
1.3% |
| Wells Fargo & Co |
1.0% |
| Microsoft |
0.9% |
| Novartis |
0.9% |
| Canon |
0.9% |
| MasterCard |
0.8% |
| Google |
0.8% |
| Samsung Electronic |
0.8% |
Source: SWIP
All data as at 31 March 2012 unless otherwise stated