Fund Updates

Here you will find information about recent fund changes and any updated documents related to these changes. 

June 2020

Appointment of external investment managers for international assets

As per the April 2020 update we can now confirm that the transition of these international assets has completed. 

April 2020

Appointment of external investment managers for international assets

In order to ensure that we are best placed to take advantage of international investment opportunities we intend to make changes to the way we manage international assets within our Funds.

Previously, all investment management of our Funds was carried out by our investment management team, including the international element of our Funds. Over the past two years we have strengthened our in-house investment management team and are now planning to utilise external investment management expertise for some of our international investments.

We are making this change to ensure we are best placed to take advantage of future international investment opportunities. Using external investment management expertise for some of our international investments we will ensure we are best equipped to exploit the breadth of investment opportunities across the globe.

We are in the process of adopting this revised approach across all of the £4.2 billion of international investments managed by the NFU Mutual Group, as at 31st December 2019. We have carried out an extensive and detailed selection process to identify and appoint a number of leading international investment managers with proven track records in managing assets in different parts of the world. We believe that this gives our new approach the best possible opportunity to deliver for our customers.

The international equity portfolio will be closely monitored and managed by the NFU Mutual investment team on an ongoing basis.

Whilst we expect market volatility to be higher than normal for some time, we believe that there will still be opportunities to make the trades required to transition albeit it may take longer than in more normal times. By going ahead with the transition this will ensure we are in the best possible position to take advantage of international investment opportunities in the future.  We will ensure that each part of the transition is made in the best long-term interests of our customers.

Given the impact of the Coronavirus epidemic around the globe we do not know when greater market stability will return.  We remind our customers to review their returns over the medium to long term (5+ years), if you are particularly worried about your investments, we recommend speaking to your NFU Mutual Financial Adviser.

We will look to start the transition around 20th April 2020, but it may start after this date and the transition will be completed gradually over a number of weeks or months as market conditions permit.

We will make an announcement on our website at nfumutual.co.uk

Standard Life Investments UK Real Estate fund suspension

Due to unprecedent market volatility that we are currently experiencing due to the continued spread of Coronavirus Standard Life have made the decision to suspend the UK Real Estate Fund. This has been made to ensure that all investors are protected but means that no further monies, including regular payments can be made into the fund or withdrawals made at the present time. Please see more information on this in this document [PDF: 119KB] which further explains the rationale and impacts of the closure. We will continue to keep you updated with any changes to this position.

 

September 2019

Change to funds offered through Select ISA and Select Investment Plan

A letter sent out in September 2019 outlined the changes to funds offered through our Select ISA and Select Investment Plan, these changes include:

  • Updates to investment policy, strategy and/or objective wording
  • The introduction of fund benchmarks which where appropriate are linked to well-known indices or formalising the peer sector as the benchmark

Updated Prospectuses and Key Information Document for these funds are now available. 

Product Funds Covered  Prospectus
NFU Mutual Portfolio Funds OEIC Mixed Portfolio 20-60% Shares Fund
Mixed Portfolio 40-85% Shares Fund
Mixed Portfolio Max 100% Shares Fund
Download [PDF: 420KB]
NFU Mutual OEIC Gilt and Corporate Bond Fund
UK Growth Fund
Global Growth Fund
UK Equity Income Fund
Global Emerging Markets Fund
Download [PDF: 516KB]

 

Fund  Key Investor Information Document
Mixed Portfolio 20-60% Shares Fund Download [PDF: 67KB]
Mixed Portfolio 40-85% Shares Fund Download [PDF: 65KB]
Mixed Portfolio Max 100% Shares Fund Download [PDF: 66KB]
Gilt and Corporate Bond Fund Download [PDF: 80KB]
UK Growth Fund Download [PDF: 76KB]
Global Growth Fund Download [PDF: 77KB]
UK Equity Income Fund Download [PDF: 77KB]
Global Emerging Markets Fund  Download [PDF: 76KB] 

Gilt and Corporate Bond AMC reduction

Effective from 30th September 2019 the AMC (Annual Management Charge) on our Gilt and Corporate Bond fund will be reduced from 0.75% to 0.50% per annum.

This has been implemented following a review of the AMC’s of our funds against the average for funds of this type in the industry.

Upon review we felt that our fund was slightly out of line with the market average and we have made the decision to lower the fund charge.

We will continue to monitor the charges of our funds to ensure that they remain competitive in the market and offer fair value for our customers.