FUND OBJECTIVE
The fund aims to achieve capital protection and stable, tax-efficient growth
in excess of cash returns. The fund targets a gross annual return of 3% above
cash returns over rolling three-year periods, and aims to deliver positive returns
every quarter. Where negative quarters are experienced, the drawdowns are
likely to be relatively small.
WHO IS THIS FUND FOR?
The fund is suited to astute investors who want capital protection and stable, tax-efficient growth in excess of cash returns.
INVESTMENT MANDATE
The fund invests in a broad spectrum of asset classes, including cash, fixed income, listed property and equities. Although equities generally account for between 65% and 75% of the portfolio, derivatives are used to reduce this to an effective equity exposure of 0% to 40%. The fund invests primarily in 20 to 25 large capitalisation shares. The balance of the portfolio is held in cash and money market instruments.
REGULATION 28 COMPLIANCE
The fund complies with retirement fund legislation. It is therefore suitable as a stand-alone fund in retirement products where Regulation 28 compliance is specifically required.