Investment and Return Objective
The Fund aims to deliver returns that exceed the after-tax returns of money market Funds. It is managed conservatively and it aims to maintain capital stability and liquidity.
The Fund invests predominantly in local listed shares which are fully protected by overlay strategies provided by the big 5 South African banks, as well as money market instruments to meet liquidity requirements. The Fund's income is largely derived from dividends received from the listed counters.
Who Should Invest
Investors seeking a liquid, low risk money market offering, with enhanced after tax yields.
Risk Indicator = Conservative
Risk Indicator Definition
Although this portfolio holds dividend paying equities it has no effective equity exposure as the market risk of the equities is fully protected by the big 5 banks in South Africa. This results in stable capital values with credit exposure limited to those banks only. The portfolio offers an attractive and stable income yield after tax.