Each month, RealAdviser looks at the Top 20 performing funds on a particular platform. This month we look at the best performing life funds available through the Scottish Equitable platform over three years
1 Pacific Life 13.0%
This £14m fund invests in a broad range of Pacific Basin companies, including Australasia and the Indian subcontinent, but excluding Japan. At present the fund has a third of its portfolio in Australia, and the largest holding is Samsung Electronics (5.0%).
2 Ethical Life 5.1%
Based in the UK All Companies-Life sector, the Ethical Fund invests largely in UK mid and small cap companies whose activities comply with a strict set of ethical criteria. The criteria are determined by EIRIS, the Ethical Investment Research Service. Launched in August 1989, the fund is currently £22.3million in size.
3 Index Linked Life 5.0%
Investing largely in index-linked gilts securities issued by the government, this £12.4m fund has the lowest risk of all of Scottish Equitable's fixed interest collection.
4 Japan Life 5.0%
With a fund size of £11.7million, the Japan Life Fund invests across a range of industrial sectors, particularly looking at larger, established companies, with a good chance of growth. The funds largest holdings are currently Toyota Motor (6.7%) and NTT DoCoMo (2.8%).
5 UK Extra Inc Life 4.5%
Aimed specifically at the more cautious investor, the fund is mostly invested in investment grade corporate bonds. Launched back in August 2001, the fund is currently £49.2m in size.
6 UK Fixed Interest Life 4.0%
Launched in August 1985, the fund invests mainly in conventional gilts, plus other quality sterling-denominated fixed interest and convertible debt instruments issued by UK corporations. The fund is currently £96.2 million in size.
7 Ethical Cautious Life 3.9%
As with the Ethical Life fund, this fund also conforms to the screening criteria provided by EIRIS. This £7.2m specialist fund looks to achieve capital growth via investing in a portfolio of stocks and corporate bonds of mainly UK companies.
8 Scottish Equitable SocGen
Balanced Managed Life 3.7%
Investing in all major asset classes and regions, this fund is one of the external managed fund links offered by Scottish Equitable. The fund is managed by SG Asset Management and aims to provide consistent long-term growth. The fund is currently £4.2million in size and its largest holding is Vodafone (4.1%).
9 Distribution Life 2.8%
The Distribution Life Fund invests in a blend of UK equities, corporate and government bonds. It was launched in May 1994 and is benchmarked against the Lipper Managed Life sector median. Its largest holding is BP (3.8%).
10 Scottish Equitable Merrill
Lynch BALanced Life 2.8%
This fund invests in all major asset classes and regions, but retains a bias to equities. It targets consistent long-term growth. With an average risk rating, the fund is currently £8.2m in size and it also has BP (4.7%) as its largest holding.
11 Scottish Equitable Newton
Balanced Managed Life 2.8%
Newton follows a 'global thematic' approach to investment based on the belief that investment decisions need to made on a world-wide basis, as the prospects for all companies are shaped by themes and trends that cross many boundaries. The fund invests in all major asset classes and regions but has 48.5% of its asset allocation in the UK and the largest holding in the fund is BP (5.6%).
12 UK Equity Life 2.7%
This mainstream UK equity fund has its highest weighting in Financials (28.5%), Resources (16.6%) and Non-Cyclical Consumer Services (16.0%). BP is again the largest holding in the fund at 8.9%, followed by Vodafone 7.7%.
13 Scottish Equitable Baillie
Gifford Managed Life 2.5%
Baillie Gifford has a strong focus on individual companies and builds its portfolios from the bottom up. The group invests on a medium-to long term basis, preferring well-run companies with strong prospects for growth. This is an actively managed fund, with a preference for equities, targeting long-term growth. The fund is £9.4 million in size and its largest holding is Vodafone (4.8%).
14 External Balanced
Collection Life 2.3%
This fund invests in a mix of the balanced funds of five external fund managers - Baillie Gifford, DWS Investments, Merrill Lynch, Newton and UBS (as of October 2004), whose funds form Scottish Equitable's Balanced Managed range.
15 Mixed Life 2.3%
This fund invests in a variety of Scottish Equitable regional and specialist funds and tends to stick to market average asset allocations. The fund was launched in May 1985 and is now £150.7million in size.
16 Cash Life 2.2%
This fund invests in deposits and other short-term UK money market instruments. It aims to achieve attractive money market returns while meeting the Association of British Insurers (ABI) Money Market sector requirements.
17 Scottish Equitable DWS
Balanced Managed Life 2.2%
Investing across all asset classes and regions, this fund blends a series of DWS funds. The largest holding is the DWS UK Blue Chip fund and the fund incorporates a number of funds from the wider Deutsche group.
18 Foreign Bd/Currency Life 1.3%
This fund invests in foreign government and quality non-government fixed interest securities and currencies in order to gain exposure to international interest rate and currency movements. The fund is currently £4.6million.
19 European Life 1.0%
The fund invests in a wide range of equities across all major European continental markets excluding the UK. France (26.9%) makes up the largest proportion of the portfolio, followed by Germany (17.0%) and Switzerland (12.5%).
20 International Life 0.3%
This is a mainstream international equity fund which aims to achieve capital growth from investment on a global basis. The fund is currently £15.9million in size and the largest percentage of assets is in North America (39.9%), followed by Europe (23.6%).
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