Investment and Return Objective
The Fund aims to achieve returns above the FTSE/JSE Capped Shareholder Weighted Total Return Index (Capped SWIX). The equity selection is done purely on a bottom-up basis and risk is actively managed in the portfolio construction process to eliminate undue stock specific risk.
The Fund uses quantitative techniques (multi-factor model) to build an active equity portfolio. The selection process targets those shares that offer the best economic value according to predefined income statement, cash flow statement and balance sheet matrices. The quantitative process maintains some positive index type characteristics, such as low turnover and thus lower cost and high liquidity.
Who Should Invest
Investors seeking broad based exposure to the South African equity market. This Fund is appropriate for investors with a long-term investment horizon.
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.