The fund aims to achieve long-term inflation-beating growth from a cost-efficient balanced portfolio with an equity exposure typically displayed by multi-asset medium equity portfolios conforming to the regulations governing retirement fund investments.
This fund is suited to investors wanting moderate long-term growth in a cost-efficient multi-asset medium equity fund with less volatility in the short term compared to a pure equity fund. The fund is suitable as a stand-alone retirement investment.
The fund is exposed to all sectors of the market (shares, bonds, property and cash) with a maximum of 60% exposure to equities and may gain exposure to foreign assets up to a maximum of 30% of its portfolio (with an additional 10% for African ex-SA investments). The fund will have a minimum exposure of 50% to passively managed underlying securities. Derivatives may be used for efficient portfolio management purposes.
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.