Scottish Widows Multi-Manager Portfolio Funds An Introduction to the Portfolio Funds The introduction of Scottish Widows Multi-Manager Portfolio Funds was arguably the most innovative investment launch of 2002, if not the decade. Scottish Widows entered into a strategic alliance with world leader in Investment Consulting and Multi Style Multi Manager investing, Russell Investments. For the first time, UK retail investors could access the benefits of a Manager of Managers approach using Life, Pension and Investment products. The Scottish Widows Multi Manager approach to investing combines different asset classes (Equities and Bonds) and geographic regions. It also diversifies further across multiple investment styles and multiple specialist investment managers. Each of the four Scottish Widows Multi-Manager Portfolio Funds invests in a range of existing Russell funds to achieve the full benefit of MULTI ASSET MULTI STYLE MULTI MANAGER™ diversification. The net result is a widely diversified portfolio which aims to deliver consistent results whatever the investment climate. The managers employed by Russell Investments are continually monitored with existing managers being removed when necessary and new managers added. Materials & Fact Sheets A range of materials have been developed by Scottish Widows with the support of Russell Investments to support these four innovative funds. Current versions of these documents are available from your Scottish Widows Sales Consultant or from the Scottish Widows Financial Adviser Extranet. Fund Range for Portfolio Funds The Scottish Widows Multi-Manager Portfolios invest into a number of underlying Russell Investments multi manager funds. This areas provides information on both the Scottish Widows Portfolios as well us the underlying Russell funds. Information on the structure of the Scottish Widows Multi-Manager Portfolios   Information on where the Scottish Widows Multi-Manager Portfolios are currently invested. This material is for use by UK independent financial advisers only. It is not intended for onward transmission to private customers and should not be relied upon by any other person.

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