Investment Objective The PPS Worldwide Flexible Fund of Funds aims to outperform inflation by 6% per year over periods longer than 84 months. Investment Mandate This fund of funds allows for flexible asset allocation and may invest in equity securities, interest-bearing securities, listed and unlisted financial instruments and liquid assets. No maximum asset allocation applies to South African or offshore investments, asset allocation ratios may vary. The fund of funds solely holds units in local or foreign collective investment schemes or other similar schemes.