The primary objective of the Flagship IP Balanced Fund is to seek steady but stable growth of both capital and income through investments in a broad range of asset classes in a balanced manner. The fund is a domestic, asset-allocation, prudential variable portfolio. The fund aims to maximize returns over the medium to long term and achieves this through flexible asset allocation strategies taking active decisions in accordance with current and projected economic and market conditions. The fund invests in equities, bonds, property and money market and is restricted to maximum limits in accordance with prudential regulations which, inter alia, provide that equity, held both locally and abroad, will not exceed 75% of the fund and offshore investment is restricted to 25% of the fund. Out-performance is targeted through aggressive asset allocation and focused stock selection based on in-house proprietary models and extensive internal and external research. The portfolio uses financial instruments only to the extent permitted by legislation.