Actively managed ISA - The basics

• An actively managed ISA means that your money is invested in a portfolio of assets selected by a professional fund manager (an actively managed fund).
• Each fund's manager monitors companies, economic conditions and markets, and decides where best to invest to meet the fund's objectives.
• Each year, our fund managers meet with several hundred companies in the UK alone, to personally evaluate their management strength and growth prospects in order to make investment decisions.
• Each of the underlying trusts of our actively managed ISAs has its own individual aims.
• There's a range of twelve actively managed funds to invest in online.
• Once you have invested with us you can manage these investments online, anytime.
• ISAs are designed as medium to long term investments, for example at least five years.
• Both capital and income values may fall as well as rise and are not guaranteed. You may not get back the money you invested.
• Refer to risk factors for the other risks associated with this product.
• If you choose a trust which invests overseas, changes in exchange rates between currencies may cause the value of your investment and the level of income to rise and fall.

To find out more about ISAs, read our guides to investing.