FNB Growth Fund Fact Sheet

Fund Details
Fund Sector
SA – Equity – General
Assets Under Management (R m) (Mar 2019)
RFu ndS Siz R 0 0%
Number of Accounts (Mar 2019)
1 1 100%
Fund Asset Allocations (R m)
Sector Mar 2019 Dec 2018
Equities R R
    Local    R    R
    Foreign    R    R
Cash Instr. R 23 R 30
    Local    R 9    R 3
    Foreign    R 15    R 28
Property R 0 R 0
On FoF R R
Fund Investment Aims, Objective and/or Universe
The FNB Momentum Growth Fund is a general fund and the investment policy followed by the manager will focus on achieving steady but stable growth of both capital and income through investing in a broad range of asset classes.

In order to achieve this objective, the securities normally to be included in the FNB Momentum Growth Fund will comprise a combination of financially sound ordinary shares and fixed income securities embracing non-equity securities, stock, financially sound preference shares, debenture stock, debenture bonds and unsecured notes, all to be acquired at fair market values and any other non-equity securities which are considered consistent with the fund’s primary objective and that the Act or the Registrar may allow from time to time, all to be acquired at fair market value.The manager may from time to time invest in participatory interests or any other form of participation in funds of collective investment schemes or other similar collective investment schemes as the Act may allow from time to time, and which are consistent with the fund’s investment policy.The trustee shall ensure that the investment policy, as set out above, is adhered to, provided that nothing contained in the investment policy shall preclude the manager from varying the ratio of the aforementioned securities relative to each other (except as required by the Act) or the securities themselves, should changing economic factors or market conditions so demand.There shall be no limit to the proportion of assets which may be invested in any one country and nothing contained in the investment policy shall preclude the manager from retaining cash in the fund and/or placing cash on deposit in terms of the Deed.
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