Alastair Sellick, BBusSci (Actuarial), Head of Fixed Interest
Over 15 years experience. Worked at Sanlam, Futuregrowth, Decillion, PSG Asset Management and South Easter Fund Management.
FUND OBJECTIVES AND FOCUS
The fund aims to provide investors with a return of 2% in excess cash over a rolling 3 years and a positive return over any rolling 12 month period. The fund is expected to deliver more consistent returns than an income fund and reduce the volatility inherent in the bond market. Great care is applied to protect the fund against incurring losses.
FUND INVESTS IN:
The fund can invest in a combination of assets, such as government and corporate bonds, inflation linked bonds, listed property and cash both in South Africa and offshore. Derivative strategies such as swaps and futures may also be used for efficient portfolio management purposes and to mitigate downside risk. The fund does not invest in ordinary shares. The intended maximum limits, (see underlying instruments mentioned below), may not exceed 25% of the value of fund:
*Listed property: up to 10%
*Preference shares: up to 10%
*International assets: up to 10%
*Hybrid instruments: up to 5%
The fund has a flexible mandate with no duration or maturity limits for its investments.
*Investors who wish to save for their retirement.
*Those who wish to delegate the complex asset allocation decisions to an experienced investment team.
*Those who have a moderate risk profile and are comfortable with taking market fluctuation to achieve long term capital growth.
*Investors who have a 3 year or longer investment horizon.