Important Fund Switch Notice

You will doubtless have noted a welcome upturn in the performance of your investments recently and, whilst we remain cautious, we also would like to respond to market improvements by recommending an key asset allocation change within your portfolio.

Gilts have been crucial in providing stability during the financial crisis and still have their role to play. However, we also have a concern regarding Gilts, specifically regarding what may happen when the Government decides to stop printing money through its Quantitative Easing programme. Therefore, our recommendation is to reduce the proportion of Gilts held in your portfolio and use the money thereby released to improve opportunities for growth... but without significantly increasing your exposure to risk.

We propose reducing Gilt holdings from approximately 40% to 20% although the exact amount may differ slightly, depending on the current risk profile of your portfolio. The money for reinvestment will be directed as follows:

10% will be invested into two leading Absolute Return Funds, designed to produce a steady return from a blend of Fixed Interest investments. These Funds aim to provide a level of stable growth which is slightly more than we would anticipate from Gilts.

The other 10% will be split between Funds investing in Europe (4%) in the Far East (1%) and the Specialist Sector ( 5%).

Can we remind you that Argyle do not charge you for switching funds and Transact levy a nominal administration fee of 0.2%. As always, we need your authority to implement these changes, so please contact us below authorising us to make the adjustment.

PLEASE AGREE BY USING A METHOD BELOW:

If you have not already, please contact us to indicate that you are happy to accept this recommendation. You can do this via email at advice@argylefinancialgroup - including your name in the body of the email, or via telephone on: Southport Office - 01704 540575

If you wish to discuss your attitude to risk and how it affects your portfolio, please do not hesitate to get in touch.