All asset management decisions are made together with the Marriott Investment Committee using an income-focused approach to investing.
FUND OBJECTIVES AND FOCUS
The fund has been designed for investors seeking rand hedged maximum income. The fund manager seeks to maximise income, whilst maintaining capital stability in US$.
To achieve the objectives of the fund, the manager is mandated to invest in high quality, high yielding, offshore (non-Rand denominated) securities, approved securities and liquid assets. At least 85% of the assets of the fund will be held offshore at all times. The fund's benchmark is the US Dollar Libor Overnight