Mandate Overview14 Feb 2020
The Ashburton Targeted Return fund is a cautious, low equity fund. Its primary objective is to beat South African Consumer Price Inflation (CPI) + 3,5% over a rolling 3 year period. The fund aims to achieve its mandate taking risk exposure into account and utilising diversified exposures, generating capital and income growth through a combination of actively managed assets and asset allocation decisions. The fund combines exposure into many different liquid asset classes, including equities, Vanilla bonds, Inflation Linked bonds, Corporate bonds (credit),property, preference shares and money market assets. The fund utilises exposure in offshore assets. General market risks include a change in economic conditions, interest rate risk, share price volatility, exchange rate risks.