The sector performance shown on fund factsheets and U-Skan reports takes into account the contributions of all existing funds the sector comprises of and is therefore referred to as the 'sector index'. This is a more accurate way of representing the sector performance over time. As a result, the sector index performance may not match the straight average of the existing sector members, as the latter will not take into account the performance of new funds which have entered the sector during the nominated performance period and which would have affected the sector index performance. Over a long period these differences will be cumulative, resulting in wider divergence between the sector index and the straight sector average. Occasionally, the sector index figures may fall outside of the maximum and minimum performances of the current inhabitants of the sector.

Mercier Allen and Associates Limited (Registered Office: 43-44 Carfax, Horsham, West Sussex RH12 1EQ; Registered in England and Wales Number 5440169) is a trading name of Mercier Allen and Associates Limited an appointed representative of The On-Line Partnership Limited which is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk). Mercier Allen and Associates Limited is a Limited Company.

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