Winterthur Life has added three funds to its Tailored Selection range of pension investment options....
Winterthur Life has added three funds to its Tailored Selection range of pension investment options. These include a pension version of the Close FTSE Techmark fund, a UK technology tracker, the Capel Cure Sharp Pooled Pension Fund and the Aberdeen Technology Fund.
Laurie Fulton, investment products manager at Winterthur Life, said: "The tracker is a good fund, chosen to complement the Aberdeen Technology Fund."
While the Aberdeen Technology Fund is actively managed and largely invests in the US, the Close FTSE Techmark fund is passively managed and UK based.
Fulton said: "We do not favour active or passive funds, but would like to offer a choice to investors. We have chosen technology funds because IFAs are interested in the technology sectors and see the merits of these funds."
The pension fund invests wholly in the Close FTSE Techmark unit trust launched in November last year by Close Brothers. Over the three months to 26 July the fund has returned 6.5%, on a bid-to-bid basis and is placed 32 out of 44 funds in the Specialist unit trust sector.
The Aberdeen Technology Fund places heavy emphasis on the US and the portfolio is balanced between blue chip and small to mid cap companies.
The unit trust was launched in 1982 and typically holds between 70 and 90 stocks.
The frA rated fund returned 16.8% over the three months to 26 July, on a bid-to-bid basis, and is rated 11 out of 44 funds in the Specialist sector.
Aberdeen Technology has a three year volatility ranking of 10.23, below the peer group average of 10.54.
The objective of the CCS pooled pension vehicle, which was launched back in January 1997, is to provide a good total return over the medium to long term without excessive risks. Investment is not confined to any predetermined economic or geographical sectors.
A question of selectivity
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