20% - 60% Shares

These funds can invest a maximum of 60% in equities and must have at least 20%. The rest may be held in bonds, property, absolute return strategies and other assets. Funds 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.