If ever there was an example of geopolitical risk it is the current situation in the Ukraine. We cannot predict the outcome of the current events in eastern Europe or their longer term impact on stock markets. However, our Smoothed Managed Funds offer investors concerned about volatility a solution that has been proven to cushion the blow in previous times of stock market angst whilst still providing long term investment growth. Our Smoothed Managed Funds are actively managed by an expert investment management team. They are able to prepare for, and react to, world events and position the portfolios appropriately. However, this is always with a long term and patient approach in mind.

In exceptional market conditions (when the underlying price is 80% or less of the averaged or 'smoothed' price) the fund may be valued on the underlying price. Or, using our discretion, may be valued on the daily gradual averaged price with a shorter smoothing duration. We reserve the right to move to the underlying or gradual averaged prices at other times if the cost of smoothing becomes higher than the Board feel is reasonable to bear, in order to protect existing policyholders. 

Past performance doesn't reflect what will happen in the future. The value of an investment can go down as well as up.