As you know, the value of investments can rise and fall. Sometimes though, when a fund is consistently underperforming, it may be worth reviewing the situation with your financial adviser.
To support you and your adviser we review the performance of the ReAssure Life funds every three months (this only includes funds that came to ReAssure from Old Mutual Wealth). The purpose of the review is to identify any funds that have consistently underperformed over the past three years.
This report should be viewed together with your annual statement. This is so you can understand if any of the funds you are invested in have performed poorly over an extended period.
We are highlighting the funds that have performed poorly relative to peers over a defined period. Our approach measures a fund’s performance against Investment Association (IA) sector.
When a fund has underperformed against its IA Sector, we mean that it has been performing in the bottom 25% of all other similar strategies within the same IA sector for the last three consecutive years. We do not include funds in the report that have less than a three-year performance track record.
If you are in any doubt as to the performance of your funds, we strongly suggest you speak to your financial adviser.
The following list shows the funds of concern and their sector:
IA Europe Excluding UK
- VT Argonaut European Alpha R GBP Inc
IA Global Emerging Market Bond – Local Currency
- Jupiter EM Mkt Dbt Inc L GBP Inc
IA Mixed Investment 20-60% Shares
- EF 8AM Cautious A Inc
- VT EPIC Multi Asset Balanced I Inc
IA Targeted Absolute Return
- Jupiter Flexible Macro Fund I Acc
IA Unclassified
- Fidelity Euro Bond Y-Acc-EUR
- Fidelity Long Bond W Inc
- Nordea Obligationinvest
IA Volatility Managed
- HSBC Global Strategy Cautious Retl X Acc
What next?
If we take any further action regarding the funds on the above list, such as closing a fund that has not improved its performance, we will let you know ahead of time.
We recommend you get independent professional advice from a Financial Adviser if you’re unsure what to do. A Financial Adviser can make a personal recommendation based on your individual circumstances and the options available to you. If you don’t have an adviser MoneyHelper.org.uk can provide you with impartial guidance, useful tools and calculators or help you find a financial adviser.
You can access fund performance information any time via our new Fund Centre available at https://www.reassure.co.uk/fund-centre/
Alternatively, if you have any questions, or need more information, please contact us on 0800 073 1777, 9am to 5pm Monday to Friday, not including bank holidays.
