Halifax UK FTSE 100 Tracker
The Halifax UK FTSE 100 Tracking Fund aims to achieve long-term capital growth and provide a return that matches as closely as possible the performance of the FTSE 100 Index.
The fund invests 100% shares into companies listed on the UK FTSE 100. The FTSE 100 is an index that measures the performance of the 100 largest companies listed on the London Stock Exchange. The Halifax UK FTSE 100 Tracking Fund invests 100% in companies listed on this index, and by doing so it spreads the investment across the top 100 companies listed in the UK. The fund is considered to be at level 6 from a scale of 1 to 7, where 7 is the highest risk level, as it has experienced high levels of volatility over the past five years. This risk rating is the same as it was before the transfer to Forester Life.
Tracker funds (also known as Index funds) are collective investment schemes that follow the movement of a market index, such as the FTSE 100. As the fund tracks the index, investment decisions are made on movements within the index.
Foresters Stakeholder (Schroders) Managed 1
The Foresters Stakeholder (Schroders) Managed 1 Fund gives access to a professionally managed portfolio of UK and international company shares, along with global government and corporate securities and cash. This means that, unlike a tracker, there is a team of analysts making investment decisions and choosing where to invest.
The aim of the Foresters Stakeholder (Schroders) Managed Fund is to outperform the Investment Association (IA) Mixed Investment 20-60% median, which means that the fund must hold between 20%-60% of the investment in shares and the rest in other assets such as Government and corporate bonds to reduce the risk. As there will be no more than 60% invested in shares, the fund has a risk-controlled approach with the opportunity for growth.
It aims to generate capital growth over the medium to long-term through an active asset allocation strategy, and the individual performances of underlying investments.
The Child Trust Fund Extra has the option to invest into this fund, and has the option to opt into Lifestyling. As the fund is actively managed the annual management charge is 1.5%.