Multi-asset funds Category Equity funds - UK equities -- UK All Companies -- UK Equity Income -- UK Smaller Companies - European equities -- Europe Excluding UK -- Europe Including UK -- European Equity Income -- European Smaller Companies - US equities -- North America -- North American Smaller Companies - Global equities -- Global -- Global Emerging Markets -- Global Equity Income - Asian equities -- Asia Pacific excluding Japan -- Japan -- Asian Equity Income -- China/Greater China -- Specialist - India - Emerging market equities -- China/Greater China -- Global Emerging Markets -- Specialist – India -- Specialist – Latin America - Specialist equities -- Specialist – Gold -- Specialist – Healthcare -- Specialist – Insurance -- Specialist – Infrastructure -- Specialist – Technology & Telecoms -- Specialist – India -- Specialist – Latin America - UK All Companies - UK Equity Income - UK Smaller Companies - Europe Excluding UK - Europe Including UK - European Equity Income - European Smaller Companies - North America - North American Smaller Companies - Global - Global Emerging Markets - Global Equity Income - Asia Pacific excluding Japan - Japan - Asian Equity Income - China/Greater China - Specialist - India - China/Greater China - Global Emerging Markets - Specialist – India - Specialist – Latin America - Specialist – Gold - Specialist – Healthcare - Specialist – Insurance - Specialist – Infrastructure - Specialist – Technology & Telecoms - Specialist – India - Specialist – Latin America Fixed interest funds - Government bonds - Corporate bonds - Strategic bonds - High yield bonds - Emerging market bonds Absolute return funds - Targeted absolute return Multi-asset funds - 0% - 35% Shares - 20% - 60% Shares - 40% - 85% Shares - Flexible - Volatility Managed Property funds - Commercial Property - Property Shares Responsible investing - Corporate bonds - UK equities -- UK All Companies - Asian equities -- Asia Pacific Excluding Japan - 20% - 60% Shares - UK All Companies - Asia Pacific Excluding Japan Investment trusts - China/Greater China - Asian equities -- Asia Pacific Excluding Japan -- Japan -- Japanese Smaller Companies - European equities -- Europe Including UK - Global equities -- Global -- Global Equity Income - Property Shares - UK equities -- UK All Companies -- UK Equity Income - Asia Pacific Excluding Japan - Japan - Japanese Smaller Companies - Europe Including UK - Global - Global Equity Income - UK All Companies - UK Equity Income
Most funds will invest in only one asset class – e.g. a UK equity fund invests only in UK equities. Multi-asset funds invest in several different types of asset classes, which may include bonds, equities, property, commodities and more. They may invest directly in these asset classes or they may gain exposure by buying other funds (sometimes referred to as a ‘fund of funds’). The number of different assets the funds invest in can vary greatly, so it is important to read the information about each fund carefully. Funds of this ilk are usually classified by the amount they are allowed to hold in equities, which gives an indication of the risk involved. The standard segmentation is 0-35% Shares, 20-60% Shares, 40-85% Shares and those that can be completely flexible.