GMAP Balanced Fund


Fund overview

The Fund aims to deliver capital growth, over an investment cycle of approximately 6 to 7 years, by investing in a diversified portfolio of assets. The Fund seeks to provide a medium level of return with a medium level of risk when compared to other funds within the RL GMAP range. The Fund typically maintains an equal weighting to fixed income assets versus equities, property and commodities. The Fund invests predominantly in funds managed by RLAM, with the ability to invest in other vehicles as the manager deems appropriate. Weightings to different asset classes may vary in line with the manager’s views of markets.

Fund manager

The GMAP range is managed by Trevor Greetham, RLAM’s Head of Multi Asset, and his team. Prior to joining Royal London in 2015, Trevor was Asset Allocation Director for Fidelity where he was responsible for implementing tactical investment decisions across a wide range of institutional and retail funds, including the Fidelity Multi Asset Strategic Fund. From 1995 to 2005, Trevor was Director of Asset Allocation for Merrill Lynch. Trevor qualified as an actuary with UK life assurer Provident Mutual and has a Master of Arts in Mathematics from Cambridge University. He has 26 years’ investment experience. Trevor is supported by an established team of eight multi asset investment professionals with an average experience of around 20 years. The team is responsible for the tactical asset allocation strategies applied across approximately £65 billion of Royal London funds.

Investment approach

The Fund is constructed in line with a strategic benchmark, which sets the strategic asset allocation. The Fund manager then uses various quantitative models to guide the tactical asset allocation of the Fund. The most important of these models is the Investment Clock. The Clock relates the global business cycle to the performance of various investments. It incorporates a wide range of indicator data and is used by the team to guide tactical asset allocation across the GMAP range of funds. The Fund is subject to ongoing governance to ensure that positions remain within an expected range and the Fund is monitored by a Risk Committee to ensure it is managed in a disciplined, repeatable manner.

Product Risk Warning

Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. For funds that use derivatives, their use may be beneficial, however, they also involve specific risks. Derivatives may alter the economic exposure of a fund over time, causing it to deviate from the performance of the broader market. Sub-investment grade bonds have characteristics which may result in a higher probability of default than investment grade bonds and therefore a higher risk.

Key Investor Information Documents (KIIDs)
RL GMAP Balanced M Acc Class
RL GMAP Balanced M Inc Class

Fund performance

Past performance is not a guide to future performance. The value of your investment and the income from it is not guaranteed and can fall as well as rise.

Awards and ratings should not be taken as a recommendation.

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