The ‘Vodafone Equity Fund’ and ‘Vodafone Bond Fund’ are both funds of underlying pooled funds. Each Vodafone fund has an investment advisor and its own investment strategy. As the funds are diversified across a number of managers, the impact of an individual manager’s performance, either positive or negative, is limited. If Vodafone is dissatisfied with a particular manager, there is the option to exchange the fund with an alternative.
One exception to this is the enhanced cash fund. This is a single fund, not a fund of funds. However, Vodafone can also exchange this fund if necessary.
Investment experts select, evaluate and regularly review the funds and their managers in partnership with Vodafone.