RLUM has retained an investment adviser Royal London Asset Management (RLAM) to undertake the service of portfolio management for all funds, through an Investment Management Agreement. Both RLUM and RLAM recognises that the Ukraine invasion is a human tragedy, and one that we hope is resolved swiftly. We have a responsibility to investors in our funds and are monitoring the situation closely, and of course are complying with all restrictions and sanctions issued by relevant authorities.
RLAM has no exposure to Russian companies in their active funds, including the active funds they manage for RLUM, such as global equities, sterling credit, and sustainable funds. Total Russian exposure accounts for less than 0.1% of RLAM’s total assets under management and once Russian markets re-open, they will look to sell all remaining exposure if, and when possible.
As a result of the situation, it is possible that the value of investments will continue to go up and down more than usual as events unfold. It is important to remember that most investments are long term and making changes to investments based on short term movements could lead to worse outcomes in the long term. If you are in any doubt about the suitability of your investment you should seek professional financial advice.