Investment and Return Objective
The Fund aims to generate real return in US dollars and is benchmarked to the US inflation rate, converted to rand.
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. The Feeder Fund is invested wholly in the Prescient Global Income Provider 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 to investors with a medium- to long-term investment horizon.
Risk Indicator = Moderately Aggressive
Risk Indicator Definition
This portfolio typically has no equity exposure, resulting in higher interest yields and stable capital values with the probability of capital losses in US dollar terms over the shorter term (3 months) unlikely. This portfolio typically targets a return in the region of 1% – 3% above US inflation over the long-term.