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Fund Asset Allocations (R m)
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| Equities | R 16 | R 14 |
| Local | R 16 | R 14 |
| Foreign | R 0 | R 0 |
| Cash Instr. | R 30 | R 28 |
| Local | R 30 | R 28 |
| Foreign | R 0 | R 0 |
| Property | R 8 | R 8 |
| On FoF | R 53 | R 52 |
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Fund Investment Aims, Objective and/or Universe
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The fund aims to achieve long-term inflation-beating growth from a cost-efficient balanced fund with an equity exposure typically displayed by multi-asset high equity funds conforming to the regulations governing retirement fund investments.
The fund is exposed to all sectors of the market (shares, bonds, property and cash) with a maximum of 75% exposure to equities and may invest up to 25% of its fund offshore in line with Treasury guidelines.The fund will have a minimum of 50% exposure to passively managed underlying securities.Derivatives may be used for risk management purposes. |
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