|
The Boutique Prime Balanced Fund aims to achieve long-term real capital growth with a focus on capital stability, mitigating market volatility impacts over intermediate periods. Tailored for investors seeking long-term capital appreciation with potential income generation. The portfolio will have extensive flexibility to adjust asset allocations across different markets, asset classes, and currencies based on evolving economic and market conditions. The investments are managed passively to harness market returns. The portfolio will invest across a diverse portfolio of South African and international securities. The portfolio may include equities, bonds, cash, precious metals, commodities, and listed real estate. The portfolio may also include participatory interests and other forms of participation in portfolios of 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 and is of a sufficient standard to provide investor protection at least equivalent to that in South Africa and which is consistent with the portfolio's primary objective. 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 objectives. The manager may include forward currency, interest rate and exchange rate swap transactions for efficient portfolio management purposes. The portfolio will be managed in compliance with prudential guidelines for retirement funds in South Africa to the extent allowed by the Act. Nothing in this Supplemental Deed shall preclude the manager from varying the ratios of securities, non-equity securities or assets in liquid form in changing economic environments or market conditions, or to meet the requirements in terms of legislation and from retaining cash or placing cash on deposit in terms of the Deed and this Supplemental Deed. The trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out. For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once the portfolio has been closed, open the portfolio again to new investors on a date determined by the manager.
|
|