What are Mixed Investment 40-85% Shares funds?

These funds are usually considered the highest risk within the multi-asset sector because they can invest up to 85% in equities – although they may invest as little as 40%. The rest can 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.