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Fund Asset Allocations (R m)
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| Equities | R 0 | R 2 |
| Local | R 0 | R 2 |
| Foreign | R - | R 0 |
| Cash Instr. | R - | R 3 |
| Local | R - | R 3 |
| Foreign | R - | R 0 |
| Property | R 0 | R 0 |
| On FoF | R - | R 223 |
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Fund Investment Aims, Objective and/or Universe
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The Fund aims to achieve total returns in excess of CPI + 5% over rolling 4 year periods, providing investors with medium to long term capital growth from a diversified fund of equities, bonds, listed property and money market instruments, both locally and offshore.The Fund has a predetermined risk budget per asset class to allow the manager to vary exposure between asset classes, whilst respecting the fund’s strategic asset allocation benchmarks.The managers consider tactical asset allocations between asset classes and sectors after a team process has determined a risk score by considering the global and local leading economic indicators, asset class valuations, fundamental research, independent liquidity analysis and technical analysis. |
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