The Worldwide Fund distributed 4 cpu in September. The fund's offshore exposure remains maximised around 70% as first world mega cap stocks continue to offer good value. Dividend yields of some of the largest and most recognisable companies in the world remain well above their long term historic averages, as well as being higher than developed market bond yields, cash interest rates and inflation. It is also worthwhile noting that these companies are listed in markets which provide a high level of governance and have exposure to both advanced and emerging markets which should enable them to produce reliable growth in dividends for investors. Domestic equities, representing 15% of the portfolio, have been positioned defensively with an emphasis given to companies best able to withstand the current local economic downturn.

The Worldwide Fund distributed 4 cpu in June. The fund's offshore exposure remains maximised around 70% as first world mega cap stocks continue to offer good value. Dividend yields of some of the largest and most recognisable companies in the world remain well above their long term historic averages, as well as being higher than developed market bond yields, cash interest rates and inflation. It is also worthwhile noting that these companies are listed in markets which provide a high level of governance and have exposure to both advanced and emerging markets which should enable them to produce reliable growth in dividends for investors.

Domestic equities, representing 15% of the portfolio, have been positioned defensively with an emphasis given to companies best able to withstand the current local economic downturn.

The Worldwide Fund distributed 4 cpu in March. The fund's offshore exposure remains maximised around 70% to take advantage of the high yields currently offered by First World Mega cap companies. These companies are listed in markets which provide a high level of governance and have exposure to both advanced and emerging markets which should enable them to produce reliable growth in dividends for investors. Domestic equities sit at approximately 16%. Attractive valuations and a strong rand afford an opportunity for South African investors to buy into companies best able to withstand current global pressures. The Worldwide Fund has been positioned to take advantage of yields well in excess of inflation internationally.

The Worldwide Fund distributed 4 cpu in December. The fund's offshore exposure remains maximised at 70% to take advantage of the high yields currently offered by First World Mega cap companies. These companies are listed in markets, which provide a high level of governance and have exposure to both advanced and emerging markets, which should enable them to produce reliable growth in dividends for investors. Domestic equities sit at approximately 20%. Attractive valuations and a strong Rand afford an opportunity for South African investors to buy into companies best able to withstand current global pressures. The Worldwide Fund has been positioned to take advantage of yields well in excess of inflation internationally.