Investec Global Multi-Asset Total Return Fund A Acc Net GBP

Buy/Sell Price  (as of 22/02/2018) £2.33   Day Change :  -0.55%     Fund Code:  ICMAG 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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Mr. Cunningham, CFA, is a Portfolio Manager at the Schroders organization. He has been an employee of the Schroders organization since 2007. He holds a B.A. and an M.S. from Loughborough University.


Philip is head of the Investec Global Asset Allocation team. After a period managing retail marketing and sales, he assumed responsibility for establishing Investec Asset Managements multi manager business which is now combined with Investec Asset Managements global multi asset activity. Saunders was a founding director of Guinness Flight Global Asset Management (which was acquired by Investec Asset Management in 1998), his employer since 1987, and led its successful Global Fixed Income team. For the previous six years, Philip trained as an investment analyst at Guinness Mahon & Co Limited assuming responsibility for that companys managed currency funds in 1984. He graduated from Cambridge University with a degree in History in 1980.
Investment HouseInvestec
Fund ProviderInvestec Asset Management Ltd
ManagerIain Cunningham   Biography
ManagerPhilip Saunders   Biography

Fund Objective The Fund aims to achieve long-term total returns comprised of income and capital growth, primarily through investment in a diversified portfolio of global assets and related derivatives. These assets may include, but are not limited to, equities, fixed interest instruments, commodities, property and other alternative assets (such as hedge funds, infrastructure funds and private equity funds). While the Fund aims to achieve a positive return there is no guarantee it will be achieved over the long term, or over any period of time. There is no guarantee that all capital invested in the Fund will be returned. Any such exposures could be gained by direct investment, use of derivatives or through funds, though no direct investments in property or commodities will be made and investment in alternative assets will be restricted to UCITS funds and transferable securities. Up to 100% in value of the property of the Fund may be invested in units in other collective investment schemes, which may be managed by the Investment Manager, the Investment Managers affiliates or a third party. The Fund may also invest, at the ACDs discretion, in other transferable securities, cash and near cash (which includes money market instruments and deposits), derivatives and forward transactions for efficient portfolio management and investment purposes. Furthermore, use may be made of stock lending and borrowing and other investment techniques permitted in the COLL Sourcebook.

Key Statistics

Fund Status
Fund TypeOEIC
12-Month NAV High £2.41
12-Month NAV Low £2.20
Fund Comparative Index -
Morningstar CategoryTMGBP Moderately Adventurous Allocation
Dividend FrequencyYearly
Historic Yield0.07%

Annual Charges

Morningstar ratings

 as of  31/01/2018
Overall4 star
3 Years5 star
5 Years5 star
10 Years3 star

One or more funds cannot be shown as they have less than one year of performance data.

Growth of £1000 Help

 as of  22/02/2018

Past Performance (%) Help

as of 

This Fund


Fund versus Morningstar Category

Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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