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Fund Asset Allocations (R m)
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| Equities | R 0 | R 0 |
| Local | R 0 | R 0 |
| Foreign | R 0 | R 0 |
| Cash Instr. | R 2 | R 7 |
| Local | R 2 | R 7 |
| Foreign | R 0 | R 0 |
| Property | R 0 | R 0 |
| On FoF | R 1 027 | R 1 032 |
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Fund Investment Aims, Objective and/or Universe
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The Fund’s objective is to provide modest long-term growth of capital and good income, with a low probability of capital loss over the short to medium-term.It aims to outperform CPI (South African Inflation) plus 4% p.a.(i.e.to provide a real return of 4% p.a.) over rolling 4-year periods.The Fund adopts a specialist approach whereby exposure to each asset class is gained via a multi-managed building block.The tactical exposure to each asset class is actively managed around a strategic asset allocation that has been designed to meet the long-term return and shorter term risk objectives of the Fund.The Fund’s maximum equity exposure (including international equity) is 60% of the fund – as per the ASISA South African Multi-Asset Medium Equity category as amended from time to time. |
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