coutts managed funds
CMaF funds aim to deliver attractive long-term returns by investing in asset classes such as cash, bonds, equities, commodities and property.
They offer a range of multi-asset investment options to meet your individual wealth objectives. The USD-denominated global funds have the added flexibility of being available in euros.
coutts managed funds
CMaF funds aim to deliver attractive long-term returns by investing in asset classes such as cash, bonds, equities, commodities and property. They offer a range of multi-asset investment options to meet your individual wealth objectives. The USD-denominated global funds have the added flexibility of being available in euros.
Information relating to the proposal to transfer the assets of the Coutts Multi Asset Funds (CMaF) “the Funds” in exchange for the issue of shares in the UK Funds, sub-funds of the RBS Investment Funds ICVC.
The requisite majority of shareholders in each CMaF Global Defensive Fund, CMaF Global Balanced Fund, CMaF Global Growth Fund has been reached. This means that the assets in these funds will transfer in exchange for the issue of shares in the relevant UK Fund, as detailed in the below table, on 11th November in accordance with the terms of the Arrangement.
The assets in the CMaF UK Defensive Fund, CMaF UK Balanced Fund, CMaF UK Growth Fund and CMaF UK Equity Growth Fund have been transferred to the relevant UK Fund, as detailed in the below table, on 28 October 2022.
| Coutts Multi Asset Fund | UK Fund |
| Coutts Multi Asset UK Defensive Fund | Coutts Managed Defensive Fund |
| Coutts Multi Asset UK Balanced Fund | Coutts Managed Balanced Fund |
| Coutts Multi Asset UK Growth Fund | Coutts Managed Ambitious Fund |
| Coutts Multi Asset UK Equity Growth Fund | Coutts Managed Equity Fund |
| Coutts Multi Asset Global Defensive Fund | Coutts Managed Global Defensive Fund |
| Coutts Multi Asset Global Balanced Fund | Coutts Managed Global Balanced Fund |
| Coutts Multi Asset Global Growth Fund | Coutts Managed Global Ambitious Fund |
Should the transfers go ahead, investors will see their current holding(s) in the Fund(s) transfer to the UK Fund(s) in accordance with the below:
- Share class A to Share class 3
- Share class B to Share class 2
- Share class D to Share class 4
We’re making changes to our investment approach
As the Fund Manager of the Coutts Managed Funds (CMaF), we continue to assess the best way to manage investments. Recent changes to our approach include reducing the allocation to UK bonds, favouring a more global approach. We also implemented our responsible investing policy in equity allocations. This was achieved through adjusting the Fund’s benchmark and we’re now making further adjustments.
- We are reducing the amount of UK equity we hold within the Fund and moving to a more global approach.
- We currently screen equities from a responsible investing perspective, we will now also be doing this on investment grade bonds.
Moving to a global approach
We believe that moving to a global approach for the Fund means investors will benefit from increased diversification. This applies both to regional and currency exposure, increasing global investment opportunities for the investment manager. Being global will also provide a reduction in the underlying future transaction costs which will be reflected in the performance of the underlying assets.
Introduction of screening on investment grade bonds
When investing in equities we aim to apply a screening process to reduce the Fund’s exposure to companies that are not aligned with our responsible investing policy or long-term climate commitments. We’ll now also apply this approach to the investment grade bond part of the benchmark.
Nothing. While these changes are important, there’s no action for you to take.
The changes will become effective on the following dates:
| Fund | Effective Date |
| Coutts Managed Defensive Fund | 25 June 2024 |
| Coutts Managed Cautious Fund | 25 June 2024 |
| Coutts Managed Balanced Fund | 26 June 2024 |
| Coutts Managed Ambitious Fund | 28 June 2024 |
| Coutts Managed Adventurous Fund | 25 June 2024 |
| Coutts Managed Equity Fund | 25 June 2024 |
| Coutts Managed Global Defensive Fund | 1 July 2024 |
| Coutts Managed Global Balanced Fund | 1 July 2024 |
| Coutts Managed Global Ambitious | 1 July 2024 |
Changes in detail
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please select to find out more
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Coutts Managed Defensive Fund – Benchmark Changes
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Coutts Managed Cautious Fund – Benchmark Changes
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Coutts Managed Balanced Fund – Benchmark Changes
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Coutts Managed Ambitious Fund – Benchmark Changes
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Coutts Managed Adventurous Fund – Benchmark Changes
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Coutts Managed Equity Fund – Benchmark Changes
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Coutts Managed Global Defensive Fund – Benchmark Changes
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Coutts Managed Global Balanced Fund – Benchmark Changes
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Coutts Managed Global Ambitious Fund – Benchmark Changes
The changes to the benchmark are shown in bold and underlined.
‘Weight’ means the percentage (%) of the Fund’s benchmark allocated to each asset class.
| Current | New | ||||
| Asset class | Current benchmark for asset class | Weight | Asset class | New benchmark for asset class | Weight |
| Government Bonds | Bloomberg Global G7 Total Return Index Value Hedged (GBP) | 50.00% | Government Bonds | Bloomberg Global G7 Total Return Index Value Hedged (GBP) | 50.00% |
| Investment Grade Corporate Bonds | Bloomberg Global Aggregate Credit Total Return Index Value Hedged (GBP) | 25.00% | Investment Grade Corporate Bonds | Bloomberg MSCI Global Aggregate Credit SRI Select Total Return Index Value Hedged (GBP) | 25.00% |
| UK Equity shares | MSCI United Kingdom ESG Screened Select Index (GBP) | 10.00% | Global Equity | MSCI All Countries World Index ESG Screened Select Index (GBP) | 25.00% |
| Global ex UK Equity shares | MSCI ACWI Ex UK ESG Screened Select Index (GBP) | 15.00% | |||
Based on the current weighting of the UK in the MSCI All Countries World Index ESG Screened Select Index (GBP), the new proportion of UK equity held within the benchmark will reduce from 10.00% to 1.00%.
Transaction costs
The associated transaction costs will depend on market conditions at the time of the repositioning, and will be reflected in your annual costs and charges reporting. Based on current market conditions, such costs are estimated to be 0.01% of the net asset value of the Fund.
Effective Date
The changes will become effective on 25 June 2024 (the “Effective Date”).
The changes to the benchmark are shown in bold and underlined.
‘Weight’ means the percentage (%) of the Fund’s benchmark allocated to each asset class.
| Current | New | ||||
| Asset class | Current benchmark for asset class | Weight | Asset class | New benchmark for asset class | Weight |
| Government Bonds | Bloomberg Global G7 Total Return Index Value Hedged (GBP) | 40.00% | Government Bonds | Bloomberg Global G7 Total Return Index Value Hedged (GBP) | 40.00% |
| Investment Grade Corporate Bonds | Bloomberg Global Aggregate Credit Total Return Index Value Hedged (GBP) | 20.00% | Investment Grade Corporate Bonds | Bloomberg MSCI Global Aggregate Credit SRI Select Total Return Index Value Hedged (GBP) | 20.00% |
| UK Equity shares | MSCI United Kingdom ESG Screened Select Index (GBP) | 16.00% | Global Equity | MSCI All Countries World Index ESG Screened Select Index (GBP) | 40.00% |
| Global ex UK Equity shares | MSCI ACWI Ex UK ESG Screened Select Index (GBP) |
24.00% | |||
Based on the current weighting of the UK in the MSCI All Countries World Index ESG Screened Select Index (GBP), the new proportion of UK equity held within the benchmark will reduce from 16.00% to 1.40%.
Transaction costs
The associated transaction costs will depend on market conditions at the time of the repositioning, and will be reflected in your annual costs and charges reporting. Based on current market conditions, such costs are estimated to be 0.02% of the net asset value of the Fund.
Effective Date
The changes will become effective on 25 June 2024 (the “Effective Date”).
The changes to the benchmark are shown in bold and underlined.
‘Weight’ means the percentage (%) of the Fund’s benchmark allocated to each asset class.
| Current | New | ||||
| Asset class | Current benchmark for asset class | Weight | Asset class | New benchmark for asset class | Weight |
| Government Bonds | Bloomberg Global G7 Total Return Index Value Hedged (GBP) | 30.00% | Government Bonds | Bloomberg Global G7 Total Return Index Value Hedged (GBP) | 30.00% |
| Investment Grade Corporate Bonds | Bloomberg Global Aggregate Credit Total Return Index Value Hedged (GBP) | 15.00% | Investment Grade Corporate Bonds | Bloomberg MSCI Global Aggregate Credit SRI Select Total Return Index Value Hedged (GBP) | 15.00% |
| UK Equity shares | MSCI United Kingdom ESG Screened Select Index (GBP) | 22.00% | Global Equity | MSCI All Countries World Index ESG Screened Select Index (GBP) | 55.00% |
| Global ex UK Equity shares | MSCI ACWI Ex UK ESG Screened Select Index (GBP) |
33.00% | |||
Based on the current weighting of the UK in the MSCI All Countries World Index ESG Screened Select Index (GBP), the new proportion of UK equity held within the benchmark will reduce from 22.00% to 1.90%.
Transaction costs
The associated transaction costs will depend on market conditions at the time of the repositioning, and will be reflected in your annual costs and charges reporting. Based on current market conditions, such costs are estimated to be 0.03% of the net asset value of the Fund.
Effective Date
The changes will become effective on 26 June 2024 (the “Effective Date”).
The changes to the benchmark are shown in bold and underlined.
‘Weight’ means the percentage (%) of the Fund’s benchmark allocated to each asset class.
| Current | New | ||||
| Asset class | Current benchmark for asset class | Weight | Asset class | New benchmark for asset class | Weight |
| Government Bonds | Bloomberg Global G7 Total Return Index Value Hedged (GBP) | 17.00% | Government Bonds | Bloomberg Global G7 Total Return Index Value Hedged (GBP) | 17.00% |
| Investment Grade Corporate Bonds | Bloomberg Global Aggregate Credit Total Return Index Value Hedged (GBP) | 8.00% | Investment Grade Corporate Bonds | Bloomberg MSCI Global Aggregate Credit SRI Select Total Return Index Value Hedged (GBP) | 8.00% |
| UK Equity shares | MSCI United Kingdom ESG Screened Select Index (GBP) | 30.00% | Global Equity | MSCI All Countries World Index ESG Screened Select Index (GBP) | 75.00% |
| Global ex UK Equity shares | MSCI ACWI Ex UK ESG Screened Select Index (GBP) | 45.00% | |||
Based on the current weighting of the UK in the MSCI All Countries World Index ESG Screened Select Index (GBP), the new proportion of UK equity held within the benchmark will reduce from 30.00% to 2.60%.
Transaction costs
The associated transaction costs will depend on market conditions at the time of the repositioning, and will be reflected in your annual costs and charges reporting. Based on current market conditions, such costs are estimated to be 0.04% of the net asset value of the Fund.
Effective Date
The changes will become effective on 28 June 2024 (the “Effective Date”).
The changes to the benchmark are shown in bold and underlined.
‘Weight’ means the percentage (%) of the Fund’s benchmark allocated to each asset class.
| Current | New | ||||
| Asset class | Current benchmark for asset class | Weight | Asset class | New benchmark for asset class | Weight |
| Government Bonds | Bloomberg Global G7 Total Return Index Value Hedged (GBP) | 7.00% | Government Bonds | Bloomberg Global G7 Total Return Index Value Hedged (GBP) | 7.00% |
| Investment Grade Corporate Bonds | Bloomberg Global Aggregate Credit Total Return Index Value Hedged (GBP) | 3.00% | Investment Grade Corporate Bonds | Bloomberg MSCI Global Aggregate Credit SRI Select Total Return Index Value Hedged (GBP) | 3.00% |
| UK Equity shares | MSCI United Kingdom ESG Screened Select Index (GBP) | 36.00% | Global Equity | MSCI All Countries World Index ESG Screened Select Index (GBP) | 90.00% |
| Global ex UK Equity shares | MSCI ACWI Ex UK ESG Screened Select Index (GBP) | 54.00% | |||
Based on the current weighting of the UK in the MSCI All Countries World Index ESG Screened Select Index (GBP), the new proportion of UK equity held within the benchmark will reduce from 36.00% to 3.20%.
Transaction costs
The associated transaction costs will depend on market conditions at the time of the repositioning, and will be reflected in your annual costs and charges reporting. Based on current market conditions, such costs are estimated to be 0.05% of the net asset value of the Fund.
Effective Date
The changes will become effective on 25 June 2024 (the “Effective Date”).
The changes to the benchmark are shown in bold and underlined.
‘Weight’ means the percentage (%) of the Fund’s benchmark allocated to each asset class.
| Current | New | ||||
| Asset class | Current benchmark for asset class | Weight | Asset class | New benchmark for asset class | Weight |
| UK Equity shares | MSCI United Kingdom ESG Screened Select Index (GBP) | 40.00% | Global Equity | MSCI All Countries World Index ESG Screened Select Index (GBP) | 100.00% |
| Global ex UK Equity shares | MSCI ACWI Ex UK ESG Screened Select Index (GBP) | 60.00% | |||
Based on the current weighting of the UK in the MSCI All Countries World Index ESG Screened Select Index (GBP), the new proportion of UK equity held within the benchmark will reduce from 40.00% to 3.50%.
Transaction costs
The associated transaction costs will depend on market conditions at the time of the repositioning, and will be reflected in your annual costs and charges reporting. Based on current market conditions, such costs are estimated to be 0.05% of the net asset value of the Fund.
Effective Date
The changes will become effective on 25 June 2024 (the “Effective Date”).
No. The changes will not result in you having to pay Capital Gains Tax (CGT).
The changes to the benchmark are shown in bold and underlined.
‘Weight’ means the percentage (%) of the Fund’s benchmark allocated to each asset class.
| Current | New | ||||
| Asset class | Current benchmark for asset class | Weight | Asset class | New benchmark for asset class | Weight |
| Government Bonds | Bloomberg Global G7 Total Return Index Value Hedged (USD) | 50.00% | Government Bonds | Bloomberg Global G7 Total Return Index Value Hedged (USD) | 50.00% |
| Investment Grade Corporate Bonds | Bloomberg Global Aggregate Credit Total Return Index Value Hedged (USD) | 25.00% | Investment Grade Corporate Bonds | Bloomberg MSCI Global Aggregate Credit SRI Select Total Return Index Value Hedged (USD | 25.00% |
| Global Equity | MSCI All Countries World Index ESG Screened Select Index (USD) | 25.00% | Global Equity | MSCI All Countries World Index ESG Screened Select Index (USD) | 25.00% |
Effective Date
The changes will become effective on 1 July 2024 (the “Effective Date”).
The changes to the benchmark are shown in bold and underlined.
‘Weight’ means the percentage (%) of the Fund’s benchmark allocated to each asset class.
| Current | New | ||||
| Asset class | Current benchmark for asset class | Weight | Asset class | New benchmark for asset class | Weight |
| Government | Bloomberg Global G7 Total Return Index Value Hedged (USD) | 30.00% | Government Bonds | Bloomberg Global G7 Total Return Index Value Hedged (USD) | 30.00% |
| Investment Grade Corporate Bonds | Bloomberg Global Aggregate Credit Total Return Index Value Hedged (USD) | 15.00% | Investment Grade Corporate Bonds | Bloomberg MSCI Global Aggregate Credit SRI Select Total Return Index Value Hedged (USD) | 15.00% |
| Global Equity | MSCI All Countries World Index ESG Screened Select Index (USD) | 55.00% | Global Equity | MSCI All Countries World Index ESG Screened Select Index (USD) | 55.00% |
Effective Date
The changes will become effective on 1 July 2024 (the “Effective Date”).
The changes to the benchmark are shown in bold and underlined.
‘Weight’ means the percentage (%) of the Fund’s benchmark allocated to each asset class.
| Current | New | ||||
| Asset class | Current benchmark for asset class | Weight | Asset class | New benchmark for asset class | Weight |
| Government Bonds | Bloomberg Global G7 Total Return Index Value Hedged (USD) | 17.00% | Government Bonds | Bloomberg Global G7 Total Return Index Value Hedged (USD) | 17.00% |
| Investment Grade Corporate Bonds | Bloomberg Global Aggregate Credit Total Return Index Value Hedged (USD) | 8.00% | Investment Grade Corporate Bonds | Bloomberg MSCI Global Aggregate Credit SRI Select Total Return Index Value Hedged (USD) | 8.00% |
| Global Equity | MSCI All Countries World Index ESG Screened Select Index (USD) | 75.00% | Global Equity | MSCI All Countries World Index ESG Screened Select Index (USD) | 75.00% |
Effective Date
The changes will become effective on 1 July 2024 (the “Effective Date”).
FAQs
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Got a question? Our FAQs might have the answer.
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Who will pay the costs associated with these changes?
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What is the impact on the risk profile of the Fund?
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What happens next?
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Will there be a change in who’s managing my money?
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Will I see a change in how my money is invested?
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Will I have any tax to pay because of the changes?
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Will there be a transition period?
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Is there anything I need to do?
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What can I do if I don’t want these changes made to my investment?
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After the changes will I hold the same number of units?
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What is the regional exposure of the MSCI All Countries World Index ESG Screened Select Index?
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Where can I find more information on the responsible investing policy and exclusions policy?
To implement these changes we need to sell some existing investments and buy some new ones. We call this ‘repositioning’. Any associated transaction costs (brokerage, transaction taxes and commission) will be deducted from the value of the Fund. The percentage of the Fund’s portfolio being repositioned and estimated transaction costs are set out in the “Changes in Detail” section.
We can’t confirm what these exact costs will be. However, we can give you an estimate. Based on an investment of £10,000, the extra one off cost would be between £1 and £5. The actual cost would depend on the fund in which you’re invested.
All legal, advisory and administrative costs and expenses associated with implementing these changes will be met by us and not by the Fund.
There will be no change to the stated risk profile of the Fund as a result of these changes.
From the Effective Date, the fund will be fully managed to the new benchmark and the changes outlined in this letter will be incorporated into new versions of the Fund’s prospectus and key investor information documents. Visit www.coutts.com/cmaf for full details.
No. The Funds will be managed by the same expert team at Coutts, the investment manager of the Funds.
Yes. The amount of UK shares the Funds invest in will reduce and will be replaced by global shares.
No. The changes will not result in you having to pay Capital Gains Tax (CGT).
No. Each Fund will become fully managed to the new benchmark on the same day as the Effective Date as set out in the “When do the changes happen” section above.
No. The change will be managed by Coutts as investment manager to the Funds.
Changes will be made on the dates outlined in the section “When do the changes happen?”. You can withdraw your money and/or transfer it to another provider at any time. You’ll need to withdraw and/or have transferred it to another provider before the benchmark change happens for the Fund you hold. It is important to note that the sale of any portion of the Fund holding could trigger a potential Capital Gains Tax liability.
Yes, you will.
As at 29th February 2024, the regional exposure of the MSCI All Countries World Index ESG Screened Select Index is:
| North America | 65% |
| Europe ex UK | 13% |
| UK | 3% |
| Emerging Markets | 10% |
| Pacific Basin | 3% |
| Japan | 6% |
You can find more information on our responsible investing policy and exclusions policy and in the Fund’s prospectus.
funds investment objectives and risk profiles
Coutts Managed Funds offer you a simple route into a dynamic, diversified portfolio. Their benefits include:
- Greater diversification: your funds are invested across a wide range of asset classes, including equities, bonds, commodities, property and cash – all managed in a single dynamic investment. A wider spread of holdings across the portfolio helps to spread your investment risk.
- Peace of mind: investing has become increasingly complex in recent years, with huge fluctuations in market fortunes and rapid developments in the investment vehicles you can use to gain exposure to assets. Keeping track of investment trends can be a full-time job – we have a long tradition of managing multi-asset discretionary portfolios for our clients. Coutts managed funds draw on our expertise and experience to make those decisions for you.
- Added flexibility: the funds are available in both distributing and accumulating options to meet your needs. It's easy for us to set up facilities for you, such as regular contributions or withdrawals and annual use of ISA allowances. And daily dealing means that new monies are quickly invested.
- Less paperwork: you have one investment in a portfolio rather than multiple holdings in a range of shares or bonds, which means less paperwork. Coutts managed funds ensure the seamless management of dividend payments, sales and purchases, and tax reporting within the funds.
- Tax treatment: the fund structure offers a simpler tax proposition to investors in a variety of tax jurisdictions.
Investors with little or no experience of investing in collective investment schemes and basic or no knowledge of the characteristics and risks of investing in equities and bonds (capital markets). The minimum investment horizon is five years.
- CMaF Cautious, Ambitious and Adventurous were launched on 17 May 2019 after previous mergers of UK Funds
- CMaF Defensive, Balanced and Equity were launched on 9 September 22 for the transition of the Irish CMAF Fund range
- These six CMaF funds are denominated in GBP
- Range of three CMaF Global Funds, also launched on 9 September 22 for the transition of the Irish CMAF Global Fund range, with a USD base currency and ability to hedge to GBP or EUR
- Management Company: RBS Collective Investment Funds Limited
The two further funds within the RBS Investment Funds ICVC, Global Bond and UK Equity, are not available to new investors, although existing customers can make additional investments.
coutts Managed Funds
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Please select from the options below
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Coutts Managed Equity Fund
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Coutts Managed Adventurous Fund
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Coutts Managed Ambitious Fund
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Coutts Managed Balanced Fund
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Coutts Managed Cautious Fund
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COUTTS MANAGED DEFENSIVE FUND
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Coutts Managed Global Ambitious Fund
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Coutts Managed GLOBAL BALANCED FUND
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Coutts Managed GLOBAL DEFENSIVE FUND
The Fund aims to provide an increase in value over the long term. The majority of the return is expected to be from capital appreciation with some potential for income generation.
The long term asset mix is made up of 100% Equities. The fund is actively managed so this mix can change over time.
Availability
Open to new customers with a high tolerance to risk through the Wealth Advice Business.
Literature
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Assessment of Value
Size: 3 MB Download Assessment of Value -
RBS Investment Funds ICVC - Prospectus
Size: 821 KB Download RBS Investment Funds ICVC - Prospectus -
RBS Investment Funds ICVC Financial Statements - Feb 2024
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Coutts Managed Equity Fund Responsible Investing Information Document
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KIID - Coutts Managed Equity Fund Class 2_GB00BP6CDX86
unspecified -
KIID - Coutts Managed Equity Fund Class 3_GB00BP6CDC73
unspecified -
KIID - Coutts Managed Equity Fund Class 4_GB00BP6CDF05
unspecified -
RBS Collective Investment Funds Coutts Managed Equity Fund Share Class 3
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The Investment Manager's Report on ESG Data Q3 2024
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NatWest Group Entity Climate - related Disclosures Report
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Coutts Climate-Related Disclosures Report
The Fund aims to provide an increase in value over the long term. The majority of the return is expected to be from capital appreciation with some potential for income generation.
The long term asset mix is made up of 10% Bonds and 90% Equities. The fund is actively managed so this mix can change over time.
Availability
Open to new customers with a high tolerance to risk through the Wealth Advice Business.
Literature
-
Assessment of Value
Size: 3 MB Download Assessment of Value -
RBS Investment Funds ICVC - Prospectus
Size: 821 KB Download RBS Investment Funds ICVC - Prospectus -
RBS Investment Funds ICVC Financial Statements - Feb 2024
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Coutts Managed Adventurous Fund Responsible Investing Information Document
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KIID - Coutts Managed Adventurous Fund Class 2_GB00BGWKSG14
unspecified -
KIID - Coutts Managed Adventurous Fund Class 3_GB00BMBWF705
unspecified -
KIID - Coutts Managed Adventurous Fund Class 4_GB00BMBWXW10
unspecified -
RBS Collective Investment Funds Coutts Managed Adventurous Fund Share Class 3
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The Investment Manager's Report on ESG Data Q3 2024
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NatWest Group Entity Climate - related Disclosures Report
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Coutts Climate-Related Disclosures Report
The Fund aims to provide an increase in value over the long term. The majority of the return is expected to be from capital appreciation with some potential for income generation.
The long term asset mix is made up of 25% Bonds and 75% Equities. The fund is actively managed so this mix can change over time.
Availability
Open to new customers with a medium to high tolerance to risk through the Wealth Advice Business.
Literature
-
Assessment of Value
Size: 3 MB Download Assessment of Value -
RBS Investment Funds ICVC - Prospectus
Size: 821 KB Download RBS Investment Funds ICVC - Prospectus -
RBS Investment Funds ICVC Financial Statements - Feb 2024
-
Coutts Managed Ambitious Fund Responsible Investing Information Document
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KIID - Coutts Managed Ambitious Fund Class 2_GB00BGWL1P47
unspecified -
KIID - Coutts Managed Ambitious Fund Class 3_GB00BMBWF580
unspecified -
KIID - Coutts Managed Ambitious Fund Class 4_GB00BMBWF697
unspecified -
RBS Collective Investment Funds Coutts Managed Ambitious Fund Share Class 3
-
The Investment Manager's Report on ESG Data Q3 2024
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NatWest Group Entity Climate - related Disclosures Report
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Coutts Climate-Related Disclosures Report
The Fund aims to provide an increase in value over the long term. The return will reflect capital appreciation and income received.
The long term asset mix is made up of 45% Bonds and 55% Equities. The fund is actively managed so this can change over time.
Availability
Open to new customers with a medium tolerance to risk through the Wealth Advice Business.
Literature
-
Assessment of Value
Size: 3 MB Download Assessment of Value -
RBS Investment Funds ICVC - Prospectus
Size: 821 KB Download RBS Investment Funds ICVC - Prospectus -
RBS Investment Funds ICVC Financial Statements - Feb 2024
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Coutts Managed Balanced Fund Responsible Investing Information Document
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KIID - Coutts Managed Balanced Fund Class 2_GB00BP6CD614
unspecified -
KIID - Coutts Managed Balanced Fund Class 3_GB00BP6CD838
unspecified -
KIID - Coutts Managed Balanced Fund Class 4_GB00BP6CDB66
unspecified -
RBS Collective Investment Funds Coutts Managed Balanced Fund Share Class 3
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The Investment Manager's Report on ESG Data Q3 2024
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NatWest Group Entity Climate - related Disclosures Report
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Coutts Climate-Related Disclosures Report
The Fund aims to provide an increase in value over the long term. The return will reflect income received with some potential for capital appreciation. The long term asset mix is made up of 60% Bonds and 40% Equities. The fund is actively managed so this can change over time.
Availability
Open to new customers with a low to medium tolerance to risk through the Wealth Advice Business.
Literature
-
Assessment of Value
Size: 3 MB Download Assessment of Value -
RBS Investment Funds ICVC - Prospectus
Size: 821 KB Download RBS Investment Funds ICVC - Prospectus -
RBS Investment Funds ICVC Financial Statements - Feb 2024
-
Coutts Managed Cautious Fund Responsible Investing Information Document
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KIID - Coutts Managed Cautious Fund Class 2_GB00BGWKSF07
unspecified -
KIID - Coutts Managed Cautious Fund Class 3_GB00BMBWF366
unspecified -
KIID - Coutts Managed Cautious Fund Class 4_GB00BMBWF473
unspecified -
RBS Collective Investment Funds Coutts Managed Cautious Fund Share Class 3
-
The Investment Manager's Report on ESG Data Q3 2024
-
NatWest Group Entity Climate - related Disclosures Report
-
Coutts Climate-Related Disclosures Report
The Fund aims to provide an increase in value over the long term. The return will reflect income received with some potential for capital appreciation.
The long term asset mix is made up of 75% Bonds and 25% Equities. The fund is actively managed so this mix can change over time.
Availability
Open to new customers with a low tolerance to risk through the Wealth Advice Business.
Literature
-
Assessment of Value
Size: 3 MB Download Assessment of Value -
RBS Investment Funds ICVC - Prospectus
Size: 821 KB Download RBS Investment Funds ICVC - Prospectus -
RBS Investment Funds ICVC Financial Statements - Feb 2024
-
Coutts Managed Defensive Fund Responsible Investing Information Document
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KIID - Coutts Managed Defensive Fund Class 2_GB00BKPSGY45
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KIID - Coutts Managed Defensive Fund Class 3_GB00BKPSH075
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KIID - Coutts Managed Defensive Fund Class 4_GB00BKPTFN97.
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RBS Collective Investment Funds Coutts Managed Defensive Fund Share Class 3
-
The Investment Manager's Report on ESG Data Q3 2024
-
NatWest Group Entity Climate - related Disclosures Report
-
Coutts Climate-Related Disclosures Report
The Fund aims to provide an increase in value over the long term. The majority of the return is expected to be from capital appreciation with some potential for income generation.
The long term asset mix is made up of 25% Bonds and 75% Equities. The fund is actively managed so this mix can change over time.
The base currency of the fund is USD and hedging to EUR is available.
Availability
Open to new customers with a medium to high tolerance to risk through the Wealth Advice Business.
Literature
-
Assessment of Value
Size: 3 MB Download Assessment of Value -
RBS Investment Funds ICVC - Prospectus
Size: 821 KB Download RBS Investment Funds ICVC - Prospectus -
RBS Investment Funds ICVC Financial Statements - Feb 2024
-
Coutts Managed Global Ambitious Fund Responsible Investing Information Document
-
KIID - Coutts Managed Global Ambitious Fund Class 2_GB00BMB3LR51
unspecified -
KIID - Coutts Managed Global Ambitious Fund Class 3_GB00BMB3P065
unspecified -
KIID - Coutts Managed Global Ambitious Fund Class 4_GB00BMB3P289
unspecified -
RBS Collective Investment Funds Coutts Managed Global Ambitious Fund Share Class 3
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The Investment Manager's Report on ESG Data Q3 2024
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NatWest Group Entity Climate - related Disclosures Report
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Coutts Climate-Related Disclosures Report
The Fund aims to provide an increase in value over the long term. The majority of the return is expected to be from capital appreciation with some potential for income generation.
The long term asset mix is made up of 45% Bonds, 55% Equities. The fund is actively managed so this can change over time.
The base currency of the fund is USD and hedging to EUR is available.
Availability
Open to new customers with a medium tolerance to risk through the Wealth Advice Business.
Literature
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Assessment of Value
Size: 3 MB Download Assessment of Value -
RBS Investment Funds ICVC - Prospectus
Size: 821 KB Download RBS Investment Funds ICVC - Prospectus -
RBS Investment Funds ICVC Financial Statements - Feb 2024
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Coutts Managed Global Balanced Fund Responsible Investing Information Document
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KIID - Coutts Managed Global Balanced Fund Class 2_GB00BMB2DT84
unspecified -
KIID - Coutts Managed Global Balanced Fund Class 3_GB00BMB2DW14
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KIID - Coutts Managed Global Balanced Fund Class 4_GB00BM9ZDT97
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RBS Collective Investment Funds Coutts Managed Global Balanced Fund Share Class 3
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The Investment Manager's Report on ESG Data Q3 2024
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NatWest Group Entity Climate - related Disclosures Report
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Coutts Climate-Related Disclosures Report
The Fund aims to provide an increase in value over the long term. The return will reflect income received with some potential for capital appreciation.
The long term asset mix is made up of 75% Bonds and 25% Equities. The fund is actively managed so this mix can change over time.
The base currency of the fund is USD and hedging to EUR is available.
Availability
Open to new customers with a low tolerance to risk through the Wealth Advice Business.
Literature
-
Assessment of Value
Size: 3 MB Download Assessment of Value -
RBS Investment Funds ICVC - Prospectus
Size: 821 KB Download RBS Investment Funds ICVC - Prospectus -
RBS Investment Funds ICVC Financial Statements - Feb 2024
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Coutts Managed Global Defensive Fund Responsible Investing Information Document
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KIID - Coutts Managed Global Defensive Fund Class 2_GB00BM9Y2L11
unspecified -
KIID - Coutts Managed Global Defensive Fund Class 3_GB00BM9Y2N35
unspecified -
KIID - Coutts Managed Global Defensive Fund Class 4_GB00BM9Y2G67
unspecified -
RBS Collective Investment Funds Coutts Managed Global Defensive Fund Share Class 3
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The Investment Manager's Report on ESG Data Q3 2024
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NatWest Group Entity Climate - related Disclosures Report
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Coutts Climate-Related Disclosures Report
COUTTS MANAGED FUNDS PERFORMANCE
Coutts’ clients can speak to their private banker for a more detailed breakdown of their own fund’s performance.
Performance figures as percentages, as at 31 March 2024
| Fund Defensive | Launch date | Year-to-date performance (1 Jan 2024 to 31 March 2024) | 12-month performance to end of last quarter | ||||
| 31 Mar 2023 – 31 Mar 2024 | 31 Mar 2022 – 31 Mar 2023 | 31 Mar 2021 – 31 Mar 2022 | 31 Mar 2020 – 31 Mar 2021 | 31 Mar 2019 – 31 Mar 2020 | |||
| Defensive Fund | 07/09/2022 | 0.7 | 7.3 | n/a | n/a | n/a | n/a |
| Cautious Fund | 17/05/2019 | 1.9 | 8.9 | -6.0 | -0.3 | 10.8 | n/a |
| Balanced Fund | 07/09/2022 | 3.3 | 11.0 | n/a | n/a | n/a | n/a |
| Ambitious FUND | 17/05/2019 | 5.2 | 14.0 | -2.4 | 5.7 | 27.8 | n/a |
| Adventurous Fund | 17/05/2019 | 6.0 | 15.0 | -1.0 | 8.0 | 33.5 | n/a |
| Managed Equity Fund | 07/09/2022 | 6.4 | 16.0 | n/a | n/a | n/a | n/a |
| Global Defensive – (US$) | 07/09/2022 | 0.4 | 9.1 | n/a | n/a | n/a | n/a |
| Global Balanced – (US$) | 07/09/2022 | 2.5 | 14.9 | n/a | n/a | n/a | n/a |
| Global Ambitious – (US$) | 07/09/2022 | 3.9 | 19.1 | n/a | n/a | n/a | n/a |
Source: Coutts & Co., 31 March 2024
Note: Return data for funds are calculated net of fees and assume reinvestment of dividends. They are in sterling for the sterling funds and dollars for the global funds. Full periods after October 2022 use Class 3 shares (which were launched that month). Periods before this use Class 1 shares.
Past performance should not be taken as a guide to future performance. The value of investments, and the income from them, can go down as well as up, and you may not receive the amount of your original investment. Cash savings are generally regarded as being safer than investments as they normally grow with the addition of interest. Investments have the potential for growth and should be held for the medium to long term whereas cash savings are usually easier to access in the short term.
latest prices
Historic Equator ICAV Tax and Accounting information
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Please select to find out more
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Coutts Multi Asset Global Defensive Fund UK Tax Information
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Coutts Multi Asset Global Balanced Fund UK Tax Information
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Coutts Multi Asset Global Growth Fund UK Tax Information
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Coutts Multi Asset UK Defensive Fund UK Tax Information
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Coutts Multi Asset UK Balanced Fund UK Tax Information
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Coutts Multi Asset UK Equity Growth Fund UK Tax Information
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Coutts Multi Asset UK Growth Fund UK Tax Information
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Equator ICAV
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2017-18 Coutts Multi Asset Global Defensive Fund UK Tax Information - CMAF - 2016
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2018-19 Coutts Multi Asset UK Balanced Fund UK Tax Information - CMAF - 2017
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2017-18 Coutts Multi Asset Global Balanced Fund UK TaX Information - CMAF - 2016
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2018-19 Coutts Multi Asset Global Balanced Fund UK Tax Information - CMAF - 2017
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2017-18 Coutts Multi Asset Global Growth Fund UK Tax Information - CMAF - 2016
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2018-19 Coutts Multi Asset Global Growth Fund UK Tax Information - CMAF - 2017
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2017-18 Coutts Multi Asset UK Defensive Fund UK Tax Information - CMAF - 2016
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2018-19 Coutts Multi Asset UK Defensive Fund UK Tax Information - CMAF - 2017
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2017-18 Coutts Multi Asset UK Balanced Fund UK Tax Information- CMAF - 2016
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2018-19 Coutts Multi Asset UK Balanced Fund UK Tax Information - CMAF - 2017
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2017-18 Coutts Multi Asset UK Equity Growth Fund UK Tax Information - CMAF - 2016
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2018-19 Coutts Multi Asset UK Equity Growth Fund UK Tax Information - CMAF - 2017
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2017-18 Coutts Multi Asset UK Growth Fund UK Tax Information - CMAF - 2016
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2018-19 Coutts Multi Asset UK Growth Fund UK Tax Information - CMAF - 2017
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2016 Annual Report and Accounts - Equator ICAV
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2017 Annual Report And Accounts - Equator ICAV
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2017 Unaudited Semi Annual Report and Accounts - Equator ICAV
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2018 Annual Report and Accounts - Equator ICAV
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2018 Unaudited Semi Annual Report and Accounts - Equator ICAV
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2019 Annual Report and Accounts - Equator ICAV
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2019 Unaudited Semi Annual Report and Accounts - Equator ICAV
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2020 Equator ICAV Annual Report and Audited Accounts
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2020 Equator ICAV Semi Annual Report and Accounts May 2020
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2021 Equator ICAV Annual Financial Statements
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2021 Equator ICAV Semi-Annual Accounts
Size: 738 KB Download 2021 Equator ICAV Semi-Annual Accounts -
Instrument of Incorporation (English) - Equator ICAV - 2017
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Prospectus - Equator ICAV - 15 July 2022
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RBSAMD Remuneration Policy - April 2021
Size: 279 KB Download RBSAMD Remuneration Policy - April 2021 -
YE 2018 Equator ICAV UK Tax Information - 2019-2020
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YE 2019 Equator ICAV UK Tax Information - 2020-2021
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YE 2020 Equator ICAV UK Tax Information - 2021-2022
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YE 2021 Equator ICAV UK Tax Information - 2022-2023
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YE 2022 Equator ICAV UK Tax Reporting Information
Speak to our team
If you'd prefer to speak to us, you can call Coutts 24 on 0207 957 2424. All calls with Coutts are recorded for training and monitoring purposes.
Important information
The information, products and services referred to on this website are not directed at any person or entity in any jurisdiction or country outside those where these may lawfully be offered.
This website is a Financial Promotion for UK regulatory purposes.
Coutts Managed Funds are sub funds of RBS Investment Funds ICVC, an investment company with variable capital, authorised by Financial Conduct Authority. RBS Investment Funds ICVC is a UK UCITS (Undertakings for Collective Investment in Transferable Securities Directive 014/91/EU as implemented in the UK) operating under the COLL Sourcebook and is constituted as an “umbrella company” under the Open-Ended Investment Companies Regulations 2001 (SI 2001 No.1228) as amended or re-enacted from time to time, which means that RBS Investment Funds ICVC issues Shares linked to different Funds pursuant to the Open-Ended Investment Companies Regulations 2001 (SI 2001 No.1228) as amended or re-enacted from time to time.
This website is intended to provide a summary of certain features of the fund so you can consider if it might be of interest to you however, nothing on this website should be construed as a solicitation or offer, or recommendation, to buy or sell securities or any other investment or banking product, or to provide any investment advice or service. Nothing contained on this website constitutes investment, legal, tax or other advice and is not to be relied on in making an investment or other decision.
Before investing, you should review the fund’s prospectus, supplemental prospectus and key investor information document. Copies of these are available from your Wealth Manager or on this site. In addition you should obtain relevant and specific professional advice before making any investment decision.
The value of investments and the income from them can go down as well as up and you may not recover the amount of your original investment. Where an investment involves exposure to a foreign currency, changes in rates of exchange may cause the value of the investment and the income from it to go up or down. Past performance and any projected returns should not be taken as a guide to future performance.
The information contained in this website is believed to be correct as at today’s date, but cannot be guaranteed. Opinions and projections constitute our judgment as at today’s date and are subject to change. To the extent permitted by law and regulation neither Coutts & Co nor any connected company accepts responsibility for any direct or indirect or consequential loss suffered by you or any other person as a result of your acting, or deciding not to act, in reliance upon the above.
Not all products and services offered by the individual Coutts companies are available in all jurisdictions and some products and services may be available only through particular Coutts companies. Certain aspects of the service may be performed through, or with the support of, different members of The NatWest Group, of which Coutts & Co is a member.
