Virgin Money Global Share Fund

Bonds: These are like IOUs, used by companies and governments to raise money. The buyer effectively lends money to the seller, in return for interest on their investment over a set amount of time. When that time’s up, the value is paid back.

Gilts: These are just a type of bond. But instead of lending money to a company, it’s lent to the UK Government.

Shares: A share is a tiny bit of a company. Share owners are called shareholders. If a company does well, shareholders are rewarded with a proportion of the profits, paid out as dividends. The value of shares rises and falls according to the company’s performance, and other factors.

Real estate investment trusts (REITs): These are pools of money gathered by a company from investors. They’re used to buy, manage or invest in property and land (real estate) to generate income – a way of investing in commercial property without needing millions.

Update to Global Share Fund Investment Policy

We have made a small change to the Investment Policy of the Global Share Fund to make things a little clearer in how we manage the geographical allocation.

It doesn’t change how we manage the fund, or the underlying investments, and there is no action investors in the fund need to take.

We have replaced the following bullet points within the Investment Policy (the full Policy is included within the Prospectus which you can access here.)

Why are we making this change?

The original wording did not specify what geographical regions would be subject to the +/- 5%, so we have added this detail.

We also wanted to be clear that at any one time, we might invest outside of these tolerances. For example, if there is no suitable investment in a particular geography with the exclusions (tobacco, thermal coal etc.) that we seek, we may allocate additional money to an investment in another geography which does have the necessary exclusions (which might take us beyond the +/- 5% tolerance specified above) as long as this does not compromise the risk / return profile of the fund.