Royal London Multi-Asset Adventurous Fund

The RL Multi-Asset Adventurous Fund is an actively managed, global multi-asset fund that invests across equities, bonds, property, commodities and cash. It typically has a preference for growth assets such as equities, so its portfolio is designed to seek capital growth as well as income. The fund is diversified across multiple asset classes and regions, which can help reduce the impact of any one market moving sharply.

The RL Multi-Asset Adventurous Fund is aimed at investors with a medium to long-term horizon, with at least 7 years suggested. Royal London says the fund seeks returns over the long term, which makes it more suitable for investors who can stay invested through periods of market volatility. Because it targets a high level of risk and return relative to the other funds in the range, it is generally for investors comfortable with greater ups and downs in value.

The RL Multi-Asset Adventurous Fund is described as aiming for a high level of risk and return relative to the other funds in the Royal London Ireland Multi-Asset range. It is classified by Royal London within one of its seven risk categories and has an SRI rating of 5. In plain language, this means the fund is designed to take more risk in pursuit of higher returns, so the value can move around more than lower-risk multi-asset funds.

The RL Multi-Asset Adventurous Fund is exposed to market fluctuations, capital returns risk, currency risk, counterparty risk, liquidity risk and sustainability risks. Currency risk means that changes in exchange rates can affect returns when the fund invests outside the investor’s home currency. Counterparty risk means a third party involved in a transaction could fail to meet its obligations, which can affect the fund’s value.

The RL Multi-Asset Adventurous Fund is classified as Article 8 and the factsheet notes that the range considers sustainability risks. Royal London says the impact of a sustainability event would depend on how it affects the price of the assets held, such as equities, bonds, property or cash. Because the fund is diversified across asset classes and regions, any single sustainability event may have a smaller impact on the overall portfolio than in a more concentrated fund.