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What’s happening?
With effect from 11 September 2024, we updated the fund name and description of the SL ASI UK Value Equity Pension Fund to reflect that the fund manager is now known as abrdn. There's no change to the investment objective or risk profile of the fund as a result of these changes.
The changes are shown in the table below.
| Current fund name | New fund name |
|---|---|
| SL ASI UK Value Equity Pension Fund (Fund code - RQ) | SL abrdn UK Value Equity Pension Fund (Fund code - RQ) |
| Current fund description | New fund description |
|---|---|
| The SL ASI UK Value Equity Pension Fund invests primarily in the ASI UK Value Equity Fund. The aim of the ASI UK Value Equity Fund is summarised below. The Fund aims to generate growth over the long term (5 years or more) by investing in UK equities (company shares). The Fund’s Performance Target is to achieve the return of the FTSE 350 ex Investment Trusts Equally Weighted Index plus 3% per annum over rolling five year periods (before charges). The Performance Target is the level of performance that the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target. The Fund’s Performance Comparator is the IA UK All Companies Equity Sector Average. The ACD believes this is an appropriate target/comparator for the fund based on the investment policy of the fund and the constituents of the index/sector. The fund may use derivatives for the purpose of efficient portfolio management. The sterling value of overseas assets held in the fund may rise and fall as a result of exchange rate fluctuations. The value of any investment can fall as well as rise and is not guaranteed – you may get back less than was paid in. |
The SL abrdn UK Value Equity Pension Fund invests primarily in the abrdn UK Value Equity Fund. The aim of the abrdn UK Value Equity Fund is summarised below. The Fund aims to generate growth over the long term (5 years or more) by investing in UK equities (company shares). The Fund’s Performance Target is to achieve the return of the FTSE 350 ex Investment Trusts Equally Weighted Index plus 3% per annum over rolling five year periods (before charges). The Performance Target is the level of performance that the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target. The Fund’s Performance Comparator is the IA UK All Companies Equity Sector Average. The ACD believes this is an appropriate target/comparator for the fund based on the investment policy of the fund and the constituents of the index/sector. The fund may use derivatives for the purpose of efficient portfolio management. The sterling value of overseas assets held in the fund may rise and fall as a result of exchange rate fluctuations. The value of any investment can fall as well as rise and is not guaranteed – you may get back less than was paid in. |