The Manager in selecting collective investment schemes for the portfolio will aim to achieve performance returns in line with the South African Consumer Price Index plus 5.5% over rolling 5-year period. It will seek to capture relative value opportunities by switching between asset classes and will further focus on geographical spread and manager selection opportunities. In order to achieve this objective, the PMK Global Flexible Prescient Fund of Funds will, apart from assets in liquid form, consist solely of participatory interest in collective schemes or similar schemes which will invest in a diversified mix of global assets, including equities, bonds, fixed income, property, preference shares, money market instruments and listed and unlisted financial instruments as determined by legislation from time to time. The asset allocation will be actively managed with exposure to various asset classes, countries and regions being varied to reflect changing economic and market circumstances, to maximize returns for investors. The portfolio can invest across various jurisdictions and markets subject to the investment conditions determined by legislation from time to time.