1/5/2024 0 Comments Qube money reviewThe true test of a multi-asset fund is how it weathers a major market downturn. In fact, if you simply bought a developed markets index fund, the top 4 in the list (8.2% of the value of MAPS 4) would be exactly the same, and most of the others would also appear somewhere near the top. It’s a pretty uncontroversial selection of some of the biggest companies in the world. The holdings include some of the world’s most successful companies in technology, consumer goods and industry. (The rest was in bonds, alternative assets, property and cash).Ħ1% of MAPS 4 was invested in company shares. 41% of the fund was invested in company shares in September 2020, a figure little changed from our first review of MAPS two years ago. MAPS 3 contains around €2.6 billion of investors’ assets, and MAPS 4 around €3.1 billion. The vast majority (nearly 80%) of investors’ money can be found in just two of the five funds. The funds were created in 2013, and at the end of September 2020, had more than €9 billion of funds under management. Each of the funds is designed to provide a different level of risk and reward, and you can generally move your money between the funds to dial your risk level up or down. So is it right for you, and is there a better alternative? What is Irish Life MAPS anyway? And AIB, Permanent TSB and Ulster Bank also promote it heavily. It sometimes seems like its advertisements are on the side of every bus. It’s the biggest multi-asset range of funds in Ireland. Irish Life Multi-Asset Portfolios (or Irish Life MAPS) is hard to avoid.
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