Axa SunLife's Multimanager is a fund of funds aimed at a wide range of investors who are looking for capital growth or income.
The product contains four fund options, which include the global opportunity, growth, income and 2020 funds. Investors can split their money between all four funds, or concentrate on one or two.
The 2020 fund has a 20-year strategy. At the start it is aggressively managed with the aim of capital growth. However as time goes by, the fund changes its strategy, adopting a more cautious attitude to risk as well as switching from capital growth to providing income.
With the asset mix of the 2020 fund changing as time goes by, this is an innovative product that should appeal to long-term investors looking for a fund to add to their portfolio.
According to Standard & Poor's Micropal the Axa SunLife global growth fund is ranked 61 out of 123 funds, based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to July 3, 2000.