Bank of Ireland Life Fixed Interest

Fixed Interest (Series 2) aims to generate medium to long term capital growth by investing in a range of Euro denominated government and corporate bonds. It therefore focuses on fixed income securities rather than shares. Because it invests in bonds, returns can be affected by changes in interest rates and credit conditions.

Fixed Interest (Series 2) is designed for investors with a medium to long-term horizon of at least 5-7 years. The fund information notes that longer holding periods can help reduce the impact of short-term volatility, although investment values can still fluctuate over time. This means the fund may suit investors who can accept some ups and downs in pursuit of capital growth.

Fixed Interest (Series 2) is managed by State Street Investment Management, which is also listed as the underlying investment manager. The fund is actively managed, meaning the manager makes decisions about which bonds to hold rather than simply tracking a market index. That approach gives the manager discretion to adjust the portfolio within the fund's bond-focused strategy.

The key risk highlighted for Fixed Interest (Series 2) is sustainability risk. This means environmental, social or governance issues could affect the value of the investments if they are not managed well. As with all bond funds, the value of the fund can also move over time, so investors should be prepared for fluctuations.