Investments to be included in the portfolio will consist of assets in liquid form, and of participatory interests in portfolios of collective investment schemes registered in the Republic of South Africa or of participatory interests in collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and the trustee of a sufficient standard to provide investor protection which is at least equivalent to that in South Africa. The portfolio will consist of a mix of collective investment portfolios investing in primarily equity, property, bond and money market instruments in line with the portfolio's objective. This portfolio will comply with regulations governing pension funds. The underlying portfolios will have typical exposure to equities of between 40% and 65%, but this may vary depending on market conditions.The Manager will be permitted to invest on behalf of the 27four Balanced Prescient Fund of Funds in offshore investments as legislation permits.