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Funds to invest in

Select Investment from Aviva

Full range of funds

This information is designed to help you understand more about saving and investing before you make any decisions and not to provide you with financial advice.

If you have any doubts about the suitability of a product or fund you should seek financial advice. If you don't have a financial adviser you can find an adviser in your area at www.unbiased.co.uk. Where advice is provided there may be an additional cost to you.

With Select Investment, you can choose to invest in up to 10 funds. We have more than 200 professionally managed funds available to you. You can view our range of funds in our fund guide (PDF 329KB).

With that many funds, you’re bound to find something that suits you. You can invest for growth, income or a combination of both. As you go through different stages in your life, you’ll probably find that your needs change. We won't charge you to switch your money between funds.

Different types of funds

To make it easier for you to see exactly what’s what, we’ve split our funds into eight categories. Here’s a quick rundown of the different categories:

Cash/money market
  • Invests in lower risk investments.
  • Gives similar growth to a bank or building society account.
  • Invests in cash or cash alternatives.
  • There is a risk that the value of your investment can go down as well as up and you may not get back what you originally invested.
Stocks and shares (equities)
  • Invests in the shares of companies.
  • Offers the greatest chance for both gains and losses as the share prices change daily.
  • The value of your investment can go up or down, often changing quickly and by significant amounts, and you may not get back what you originally invested.
  • You should see this as a long-term investment.
  • Returns aren’t guaranteed.
  • Funds may invest in one type of company (for example, technology) or a particular part of the world (for example, UK, US, Europe).
Fixed interest (gilts & corporate bonds)
  • Fixed interest securities are bonds issued by governments or companies as a way of borrowing money. The UK government issue gilts, companies issue corporate bonds.
  • By investing in these assets, you’re loaning money to the UK government or a company (UK or international). In return, they pay your money back by a certain date.
  • Fixed interest investments are usually less risky than equities, but the returns are likely to be lower.
  • There is a risk that the value of your investment can go down as well as up and you may not get back what you originally invested.
Property
  • Often seen as an attractive medium-to long-term investment because it normally offers steadier returns than stocks and shares.
  • The investment return comes mainly from renting out business properties such as offices, factories and shopping centres.
  • Property valuations don’t always reflect the actual sale price. Instead, a valuer gives their professional opinion on how much a property is worth.
  • It can take time to buy and sell properties, so you may not be able to withdraw your money from the fund quickly.
  • The value of your investment and any income from it can go down as well as up and you may not get back what you originally invested.
With-profits
  • This shares the profits and losses of the fund with investors through a system of bonuses.
  • Your money buys units in a with-profits fund. The unit price goes up as we add bonuses.
  • The fund uses smoothing, a method that spreads the profits and losses over the years to give a steadier return.
  • Smoothing means that the investment risk on a with-profits fund is lower than investing directly in the same stocks and shares or property.
  • We may have to make a market value reduction if you take money out of a with-profits fund. This will reduce the value of your investment. We do this to protect the remaining investors in the fund. This could happen where the stock market has had a sudden or lasting drop in value or when investment returns are lower than we expected.
  • The value of your investment can go down as well as up and you may not get back what you originally invested.

You can find out more about how the With-Profit Fund works by reading A guide to your with-profits investment and how we manage our With-Profit Fund (PDF 501KB).

Distribution
  • Distribution funds aim to give you a regular income.
  • They invest in assets that produce income, like the dividends from shares, interest from corporate bonds and rental income from business property.
  • You get the income minus any fund charges.
  • The value of your investment and the income you get from it can go down as well as up and you may not get back what you originally invested.
Mixed asset
  • A mixed asset fund invests in a range of assets like stocks and shares, fixed interest and property.
  • The mix of assets gives it more stability than a fund that invests in a single asset.
  • The fund manager for this type of fund typically has a benchmark that they aim to outperform.
  • The value of your investment can go down as well as up and you may not get back what you originally invested.
Funds that offer guarantees

We have a range of funds that offer different levels of guarantees. Here’s a brief overview of them:

Our guaranteed funds

Many people like an element of protection when they choose to invest their money. Because of this, we offer a range of guaranteed funds. Each fund offers a fifth anniversary guarantee on a percentage of your original investment into the fund:

Guaranteed 100 Fund

At the fifth anniversary, you’ll get back at least the amount you invested, less any money you’ve withdrawn or moved out of the fund.

Guaranteed 90 Fund

At the fifth anniversary, you’ll get back at least 90% of the amount you invested, less any money you’ve withdrawn or moved out of the fund.

Guaranteed 80 Fund

At the fifth anniversary, you’ll get back at least 80% of the amount you invested, less any money you’ve withdrawn or moved out of the fund.

If you take all of your money out of one of our guaranteed selection funds before your guarantee date, you may get back less than you paid in. If you choose to take some of your money out and leave the rest invested, your guaranteed amount would then reduce in proportion to the number of units you cancel, rather than the cash amount you take out of your fund.

Need more help?

You need to speak to a financial adviser to apply for Select Investment. An adviser will be able to help you decide if this is the right investment for you and go through the application process.

If you don't have a financial adviser you can find an adviser in your area at unbiased.co.uk. Where advice is provided there may be an additional cost to you.

Talking to an adviser? Use our checklist

We have a checklist of topics that we think you should cover when you talk to a financial adviser.

Adviser discussion checklist (PDF 146KB)

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