Irish Life Setanta Managed

The Setanta Managed Fund is a multi-asset fund that invests in stocks, bonds, property, financial instruments linked to the price of commodities, and cash-type investments. It is designed to hold between 50% and 80% of assets in stocks, with the remainder spread across the other asset types. The fund may suit investors looking for diversified exposure through one actively managed portfolio.

Unlike a fund that only owns shares, the Setanta Managed Fund also invests in bonds, property, commodity-linked instruments and cash-type investments. This wider mix can help spread risk across different parts of the market, rather than relying solely on equities. The fund is actively managed by Setanta Asset Management, which means the manager makes the investment decisions rather than simply tracking an index.

The Setanta Managed Fund may invest in assets outside the euro area, so its returns can be affected by changes in exchange rates. Non-euro currency exposures may be fully or partly hedged back to euro to reduce foreign currency risk. Currency risk means that movements in exchange rates can make overseas investments worth more or less in euro terms.

The Setanta Managed Fund's holdings include large global companies such as Taiwan Semiconductor Manufacturing, Alphabet, Microsoft, Samsung Electronics, Meta Platforms, Berkshire Hathaway, Amazon, CRH and Netflix. This suggests a portfolio with exposure to major technology, consumer and industrial businesses, mainly across the United States and other developed markets. The fund also lists Taiwan, Ireland, France, Germany, Switzerland and Korea among its geographic exposures.

The Setanta Managed Fund may suit investors seeking long-term growth from a diversified, actively managed multi-asset portfolio. Its higher equity allocation and exposure to property, commodities-linked instruments and overseas markets mean it is likely to appeal to investors comfortable with taking investment risk over time. Because the fund aims to secure long-term growth, it is generally geared more toward growth-oriented investors than those seeking short-term income.