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The fund is a multi-asset income portfolio. The objective of the portfolio is to maximise income and deliver stable absolute returns that exceed the Benchmark measured over rolling 12-month periods. The portfolio must comply with the applicable exposure limits contained in Regulation 28 of the Pension Fund Act and Board Notice 90 to the Collective Investment Schemes Control Act (BN90). The portfolio many invest in a spectrum of primarily South African investments, which may include interest-bearing instruments, government and corporate bonds, other non-equity securities, equity securities, preference shares, property shares and property related securities listed on exchanges, money market instruments and other assets in liquid form (as defined in BN90)....Read more
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