Acorn Life Adventurous Select

The Adventurous Select Fund is invested primarily in a diversified mix of equities, with the ability to hold a tactical temporary cash position as part of portfolio management. It is designed to be diversified rather than concentrated in one area. In practical terms, this means the fund aims to spread investments across many shares to reduce reliance on any single holding.

The Adventurous Select Fund is potentially suitable for investors who are willing to accept a medium to high level of risk in exchange for the prospect of a higher expected return over the medium to long term. The fund is aimed at people with an investment horizon of at least 7 years. Because the Adventurous Select Fund can rise and fall in value, it is generally better suited to investors who can tolerate volatility.

The Adventurous Select Fund is classed as medium-high risk, and its capital is not secure. The key risks named in the factsheet are market risk and currency risk. Market risk means the value of investments can fall when stock markets decline, while currency risk means returns can be affected when investments are held in different currencies.

The Adventurous Select Fund follows a passive investment style and its portfolio is implemented through an arrangement between Acorn Life DAC and Mercer Global Investments Europe Limited. Mercer selects and monitors third-party investment managers on behalf of the fund. This structure means the fund is run through an outsourced manager selection process rather than by direct stock-picking within the fund itself.