Investment and Return Objective
The Fund aims to deliver returns close to the FTSE/JSE Africa Shareholder Weighted Total Return Index SWIX at low cost. Although the Fund is structured similarly to the SWIX, it can out / underperform by small amounts over time.
The Fund follows an investment policy which firstly endeavours to follow the composition of the SWIX closely and secondly seeks enhancement opportunities and secure for investors an optimum overall return. In addition to investing in physical assets, the Fund can use derivatives to create exposure to the SWIX or subsets thereof in a low cost and efficient manner.
Who Should Invest
Investors who are cost conscious and seeking long-term capital growth through exposure to the South Africa equity market by investing in a fund with a low tracking error relative to the SWIX.
Risk Indicator = Aggressive
Risk Indicator Definition
These portfolios typically hold meaningful equity and/or offshore exposure which may result in significant capital volatility over all periods. Due to their nature expected long term returns are higher than for the other risk categories.