In this edition we share a simplified take on the South African Medium Term Budget Policy Statement by Ryk van Niekerk. A must read by every tax paying citizen in our beautiful country. Gerbrand Smit ends this edition with our view on the market and the various changes made to our funds over the last quarter.

 

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The investment objective of the portfolio is to achieve long term capital growth by investing in equities. The portfolio aims to generate high levels of out performance (alpha) by constantly searching for opportunities in the small, mid and large-capitalization sectors of the market.

The portfolio return objective is to outperform inflation (CPI) with 7% over a 7 year rolling period with no negative growth over a 5 year rolling period. High levels of volatility should be expected in the short term.

The portfolio aims to maintain above average performance on a risk adjusted return basis, against all listed General Equity Unit Trust Funds. 

The investment objective of the portfolio is to achieve an adequate amount of real growth (after inflation) while managing risk in the medium term. The portfolio aims to achieve market-linked performance at reduced levels of volatility.

The return objective of the portfolio is to outperform inflation (CPI) with 5% over a 4 year rolling period with no negative growth over a 24 month rolling period. Please note that this is not a guaranteed portfolio.

The portfolio aims to maintain above average performance on a risk adjusted return basis, against all listed Multi Asset Medium Equity Unit Trust Funds. 

 

The investment objective of the portfolio is to achieve a reasonable level of current income and seek to preserve capital in real terms (after inflation), with low to moderate volatility over the medium to long term.

The portfolio return objective is to outperform inflation (CPI) with 3% over a 3 year rolling period with no negative growth over a 12 month rolling period. Please note this is not a guaranteed portfolio.

The portfolio aims to maintain above average performance on a risk-adjusted return basis, against all listed Multi Asset Low Equity Unit Trust Funds.