Ci institutional portfolios

Ci Equity Fund

Fund details

The portfolio seeks to provide investors with long-term capital growth which will equate to the FTSE/JSE Shareholder Weighted Index (SWIX) Total Return as adjusted to take into account transactions and other costs.

The portfolio is a passive index tracking portfolio which will seek to achieve this objective by investing in assets in liquid form and securities that will consist of a selection of financially sound shares, to be acquired at fair market price, as included in the FTSE/JSE Shareholder Weighted Index (SWIX) Total Return in proportions so determined as to best replicate the performance of the SWIX Total Return Index.

The portfolio will invest in assets in liquid form and in equity securities, as included in the FTSE/JSE Shareholder Weighted Index (SWIX) Total Return Index (J403T). The portfolio may also invest in participatory interests or any other form of participation in portfolios of collective investment schemes or other similar collective investment schemes as the Act may allow from time to time. These portfolios will have the same objective as the portfolio which is to track the performance of the FTSE/JSE Shareholder Weighted Index (SWIX) Total Return Index (J403T). Where the aforementioned schemes are operated in territories other than South Africa, participatory interests or any other form of participation in portfolios of these schemes will be included in the portfolio only where the regulatory environment is to the satisfaction of the manager and the trustee and of sufficient standard to provide investor protection at least equal to that in South Africa.

The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio’s investment objective. The manager may also include unlisted forward currency, interest rate and exchange rate swap transactions for efficient portfolio management purposes.

The Manager will be permitted to invest on behalf of the portfolio in offshore investments as legislation permits. At least 80% of the assets will be invested in equities at all times. The portfolio is classified as “Domestic” requiring a minimum investment in South African markets, currently 70%.