Investment and Return Objective
The Fund aims to generate real returns in US dollars and is benchmarked to the US inflation rate.
The investment universe includes fixed, floating, real and nominal money market and bond market investments, property, derivatives and global currencies. Fund performance can be generated from taking interest rate views or duration, yield enhancement via credit instruments, asset allocation between income producing asset classes, the use of derivatives and currency management. Focus is placed on maintaining the high credit quality of the Fund.
Who Should Invest
Investors seeking a hedge against any rand depreciation while gaining exposure to high yielding offshore assets that are not available locally. This Fund is suitable for investors with a medium- to long-term investment horizon.
Risk Indicator = Conservative
Risk Indicator Definition
These portfolios typically have no or low equity exposure, resulting in higher interest yields and stable capital values with the probability of capital losses over the shorter term (3 months) highly unlikely. These portfolios typically target returns in the region of 1% – 3% above inflation before tax over the long-term.