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This shows the number of portfolios you hold. Portfolios can be constructed from Unit Trusts & OEICs,IMA Unit Trusts & OEICs,Investment Trusts,Pension Funds,Life Funds,Offshore Funds,Exchange Traded Funds and cash. Holdings and acquisition costs can be recorded so that profits/losses can be calculated. These can be calculated in terms of a number of base currencies. Overall portfolio values, as well as portfolio constituents, can be made the subject of alerts.
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This is designed to be a temporary collection of items selected by you for further analysis in the tools section. Items can be subsequently transferred from the Basket to the Watchlist or Portfolio.
Do you think UK inflation will increase in the next 12 months?
The Fund aims to grow your investment and provide a level of income.The Fund typically invests up to 90% in commercial property in the UK and can invest up to 30% in property related shares. From time to time a level of cash is held in the Fund to enable property transactions and help meet withdrawal requests. The Fund may also invest in shares, bonds, gilts, and other funds and can also invest in other investments allowed under UK Fund rules.
The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.
Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.
Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.
The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.
Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.
Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.
All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.
Fund Manager's profile says he is 'a module leader on the IPF's Investment Education Programme'............needs to focus on what my management fees are paying for without these distractions!
You should get yourself another adviser if can't give you an explanation! Fund is now back to offer pricing.
Sorry, I meant outflows exceeding inflows - i.e. contracting fund size.
The fund moved from an 'offer' to 'bid' basis as inflows exceeded outflows. You should speak to your Financial Adviser for a further explanation on what is happening with the fund.
Thanks for your explanation. That is what Aviva have now told me in a letter which I have just received, dated 24th March. I am sorry, but I should have made it clear in my original post, I did approach my advisers. They were not able to tell me anything, as Aviva had not announced anything. As far as I know, this is still the position. I don't see why pertinent information like this should be held back from investors and advisors, and require individuals to pursue the company to get at the information.
It just gets worse. On Friday 18th March, the fund dropped nearly 5%. That means that this fund has suddenly lost over £80M. There is absolutely nothing reported by Aviva. I have searched everywhere for information with no luck.Even Aviva themselves will not give out any definite information. I have asked to speak to someone dealing with fund and been refused. They say they will respond in writing. I am waiting!How are you supposed to make any decision (other than the obvious)? If they treat investors like this, it must surely be too dangerous to stay.I feel angry that they can sit there and get away with this contempt.
35% down for me. What are they doing? B.Kennedy
I have lost most my savings in this badly run fund. The Managers appear to be asleepat the wheel, don't they?Regards, Mike Spenser.
Me too. 32% loss thus far - useless!M. Lodge
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For funds you follow via Fundswire we’ll alert you to any significant developments, whether changes in performance or risk characteristics, a new rating or award, or a change of fund manager.
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