The portfolio seeks steady growth of capital and income, maximum stability of capital invested, and a reasonable level of current income.

Investments to be included in the portfolio will, apart from assets in liquid form, consist solely of participatory interest in portfolios of collective investment schemes registered in the Republic of South Africa or of participatory interest in collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and the trustee of a sufficient standard to provide investor protection which is at least equivalent to that in South Africa. The portfolio will invest in a wide spectrum of markets, including equity, bond, money and property markets and may have exposure to listed and unlisted financial instruments, subject to prevailing regulations. The asset allocation in the portfolio will be actively managed and the assets will be shifted between the markets and asset classes to reflect changing economic and market conditions.

The portfolio is a fund of funds which will, apart from liquid assets and approved securities, consist solely of units of schemes registered in the RSA or other similar schemes operated in territories with a regulatory environment of a sufficient standard to provide investor protection at least equivalent to that in the RSA.

The portfolio will at all times comply with regulations governing pension funds.

The portfolio’s primary objective is to provide moderate capital growth and the generation of income whilst aiming to preserve capital.

Investments to be included in the portfolio will, apart from assets in liquid form, consist solely of participatory interest in portfolios of collective investment schemes registered in the Republic of South Africa or of participatory interest in collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and the trustee of a sufficient standard to provide investor protection which is at least equivalent to that in South Africa. The portfolio will invest in a wide spectrum of markets, including equity, bond, money and property markets and may have exposure to listed and unlisted financial instruments, subject to prevailing regulations. The asset allocation in the portfolio will be actively managed and the assets will be shifted between the markets and asset classes to reflect changing economic and market conditions.

The portfolio is a fund of funds which will, apart from liquid assets and approved securities, consist solely of units of schemes registered in the RSA or other similar schemes operated in territories with a regulatory environment of a sufficient standard to provide investor protection at least equivalent to that in the RSA.

The portfolio will at all times comply with regulations governing pension funds.

The portfolio seeks growth of capital.

The portfolio is a fund of funds which will, apart from liquid assets and approved securities, consist solely of units of schemes registered in the RSA or other similar schemes operated in territories with a regulatory environment of a sufficient standard to provide investor protection at least equivalent to that in the RSA.

The portfolio is a fund of funds which will, apart from liquid assets and approved securities, consist solely of units of schemes registered in the RSA or other similar schemes operated in territories with a regulatory environment of a sufficient standard to provide investor protection at least equivalent to that in the RSA.

The portfolio will invest in a wide spectrum markets, including equity, bond, money and property markets and may have exposure to financial instruments, subject to prevailing regulations. The asset allocation in the portfolio will be actively managed and the assets will be shifted between the markets and asset classes to reflect changing economic and market conditions. The manager shall have the maximum flexibility to vary assets between the various markets, asset classes and countries to reflect the changing economic and market conditions.

The portfolio seeks to secure growth of capital for unit holders.

The portfolio invests in financially sound equity securities as well as interest bearing securities, stock, debenture stock, financially sound preference shares and liquid assets, all to be acquired at fair market prices.