Element Islamic Balanced Fund Fact Sheet

Fund Details
Fund Sector
SA – Multi Asset – High Equity
Assets Under Management (R m) (Mar 2019)
R73 R 4 5.4794%
Number of Accounts (Mar 2019)
133 3 2.2556%
Fund Asset Allocations (R m)
Sector Mar 2019 Dec 2018
Equities R 31 R 37
    Local    R 31    R 37
    Foreign    R 0    R 0
Cash Instr. R 27 R 19
    Local    R 26    R 19
    Foreign    R 0    R 0
Property R 0 R 0
On FoF R 15 R 13
Fund Investment Aims, Objective and/or Universe
The objective of the fund will be to offer investor long term capital growth while preserving capital over the medium to long term with a reasonable level of income that is halaal (permissible) for investors.

The fund will consist of investment in a mix of equity, bond and property markets, and money market instruments.The fund will invest in securities that comply with Shari’ah guidelines that govern Islamic Investment Funds.The Manager shall be permitted to invest on behalf of the fund in offshore investments as legislation permits.The fund will be managed in accordance with regulations governing pension funds
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