Discovery Flexible Property Fund Fact Sheet

Fund Details
Fund Sector
SA – Real Estate – General
Assets Under Management (R m) (Mar 2019)
R2 325 R 83 3.5698%
Number of Accounts (Mar 2019)
36 0 0%
Fund Asset Allocations (R m)
Sector Mar 2019 Dec 2018
Equities R 366 R 277
    Local    R 42    R 28
    Foreign    R 325    R 250
Cash Instr. R 29 R 11
    Local    R 25    R 11
    Foreign    R 4    R 1
Property R 1 851 R 1 885
On FoF R 78 R 68
Fund Investment Aims, Objective and/or Universe
The Discovery Flexible Property Fund invests mainly in a mixture of property securities listed on the JSE such as listed property unit trusts, listed property loan stock, participatory units in collective investment schemes and foreign investments.The fund aims to outperform South African property equity indices as measured by the benchmark over rolling three-year periods.The fund further aims to provide an income yield to investors investing for the long term.

The fund follows a specialist equity strategy with international exposure.This is based on a rigorous specialist equity research process.The fund uses a market-relative investment process.The fund will maintain at least 80South African listed property equity.The balance will be invested in bonds, money market and other high yielding instruments.
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