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Diversified Growth Fund

The Investec Diversified Growth Fund aims to provide investors with attractive real returns, seeking to achieve UK CPI +5%* p.a. gross of fees over the long term.

Why choose the Investec Diversified Growth Fund?

  • The Fund takes a modern approach to multi-asset investing, recognising that groups of asset classes can exhibit similar return characteristics.
  • Dynamic and flexible asset allocation enables the Fund to invest across a globally diverse range of asset classes grouped together into Growth, Defensive and Uncorrelated baskets.
  • Managed by Philip Saunders and Michael Spinks, co-Heads of Investec Asset Management’s Multi-Asset team, who have respectively 37 and 22 years’ investment experience.

A modern approach to multi-asset investing

Events such as the global financial crisis have shown investors that in times of market stress correlations can increase with asset classes falling and rising together. This can reduce the benefits of a multi-asset approach at a time when investors need it most.

By taking a modern approach to multi-asset investing, the Fund dynamically allocates across a diverse range of asset classes. And by considering how each asset class behaves we are able to group them together into three baskets: Growth, Defensive and Uncorrelated.

Exposure to each basket is achieved through a combination of our in-house strategies, direct investments, derivatives, passive investments and external funds. A tailored implementation approach allows us to select the most appropriate means of gaining exposure to an investment opportunity. 

A rigorous risk management framework aims to ensure the correct balance of risk across and within the asset class baskets in order for the Fund to meet its real return objectives.

For illustrative purposes. These internal investment parameters are subject to change without notification necessarily to investors.



General risks

The value of investments, and any income generated from them, can fall as well as rise. Where charges are taken from capital, this may constrain future growth.

Past performance is not a reliable indicator of future results.


Specific risks

Currency exchange: Changes in the relative values of different currencies may adversely affect the value of investments and any related income. Default: There is a risk that the issuers of fixed income investments (e.g. bonds) may not be able to meet interest payments nor repay the money they have borrowed. The worse the credit quality of the issuer, the greater the risk of default and therefore investment loss. Derivative counterparty: A counterparty to a derivative transaction may fail to meet its obligations thereby leading to financial loss. Derivatives: The use of derivatives may increase overall risk by magnifying the effect of both gains and losses. This may lead to large changes in value and potentially large financial loss. Developing market: These markets carry a higher risk of financial loss than more developed markets as they may have less developed legal, political, economic or other systems. Interest rate: The value of fixed income investments (e.g. bonds) tends to decrease when interest rates and/or inflation rises. Equity investment: The value of equities (e.g. shares) and equity-related investments may vary according to company profits and future prospects as well as more general market factors. In the event of a company default (e.g. bankruptcy), the owners of their equity rank last in terms of any financial payment from that company. Government securities exposure: The portfolio may invest more than 35% of its assets in government securities issued or guaranteed by a permitted single state.

Philip Saunders

Portfolio Manager

Michael Spinks

Portfolio Manager

Important information

All information provided is as at 31.03.18, unless otherwise stated. Michael Spinks became co-portfolio manager of this Fund on 14.05.13.

Fund ratings may be provided by independent rating agencies based on a range of investment criteria, and do not constitute investment advice by Investec Asset Management. For a full description of the ratings please see www.investecassetmanagement.com/ratings.

All the information contained in this communication is believed to be reliable but may be inaccurate or incomplete. Any opinions stated arehonestly held but are not guaranteed and should not be relied upon. This is not a buy, sell or hold recommendation for any particular security. The portfolio may change significantly over a short period of time.

This communication is provided for general information only. It is not an invitation to make an investment nor does it constitute an offer for sale. The full documentation that should be considered before making an investment, including the Prospectus and Key Investor Information Documents, which set out the fund specific risks, is available from Investec Asset Management.

The Fund is domiciled in the UK. This communication should not be distributed to private customers who are resident in countries where the Fund is not registered for sale or in any other circumstances where its distribution is not authorised or is unlawful. Please visit www.investecassetmanagement.com/registrations to check registrations by country.

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