At Horizon by Embark, we believe investments should be able to adapt and evolve to create better outcomes for investors. To keep pace with a changing world, our focus is on anticipating and adjusting each of the sub-funds’ portfolios to reflect opportunities in the market.
In keeping with this approach, we are changing our asset allocation guidelines to allow for greater investment flexibility and have amended the funds’ Prospectus as a result.
The changes, which have been communicated through an investor letter dated 6 September 2021, will come into force on 5 November 2021. An online version of the letter can be found here, and we recommend you read it so that you are fully aware of the changes.
Whilst the Horizon funds will continue to remain strictly within their risk profiles as set out in the funds’ Prospectus, we are broadening access to additional asset classes.
By widening the opportunity set to asset classes such as Commodities, Real Estate, Emerging Market Debt and Emerging Market Equities for certain sub-funds (see table below), we are aiming to improve diversification and provide a broader universe to optimise risk-adjusted returns for our investors.
At the same time, we are opening the possibility of investing up to 33% of each sub-fund in funds run by other investment managers.
Meanwhile, Horizon will continue to benefit from the risk profiling services of EV (EValue) and the fund management expertise of Columbia Threadneedle Investments.