Institutional Fund Fact Sheets

Goals-based Lifestage

Multi-asset class portfolio range

The portfolios in this range have an allocation to more than one asset class. In most cases, asset managers allocate investments between equities, bonds, cash, listed property and other asset classes based on, for example, their risk-and-return outlook for each asset class at any given time. The asset managers aim to add value through active asset allocation by overweighting and underweighting the asset classes and through active security selection within each asset class. Portfolios are differentiated by their varying allocation to risk assets and by the managers’ diverse investment styles.

Passive portfolio range

Real-return portfolio range

This range is aimed at investors targeting returns above inflation. The investment managers are mandated to consistently outperform inflation over rolling periods. The market-linked portfolios employ many techniques, including active asset-allocation and protection strategies through derivatives, to achieve the return targets above inflation. The guaranteed portfolios use risk capital, actuarial smoothing and bonus policies to protect capital.

Equity portfolio range

This range offers investors a number of options to gain exposure to the South African equity and listed property markets. The portfolios aim to be fully invested in securities at all times, so investments will fluctuate in value in line with the volatility of the local equity market. The equity investment managers may allocate a portion of the investments to local listed property.

Single manager portfolio range

Each portfolio in this range is managed by a single asset management firm and has an allocation to more than one asset class. In most cases, the local asset managers allocate investments to equities, bonds, cash and listed property, based on their risk-and-return outlook for each asset class at any given time. The portfolios aim to add value through active asset allocation and active security selection within each asset class. Portfolios are differentiated by their average allocation to risk assets and by the style and philosophy of each individual asset manager.

Fixed-income portfolio range

This range offers investors a number of options to gain exposure to the South African fixed-income markets. The portfolios range from shorter-dated money-market portfolios to longer-dated bond portfolios.

Global portfolio range

Our global offering uses a wide range of global asset classes, including global equities, bonds, cash and alternative investments, to create a range of risk-profiled global portfolios.

Shari’ah compliance range

This range provides a number of specialist portfolios to investors with unique requirements.