The objective of this strategy is to target an annual return of CPI plus 2% over a rolling 24-month period and not to lose capital over a rolling 12-month period.

The Portfolio will not exceed both foreign and domestic equity exposure of 40%. The Portfolio will not exceed exposure to listed property of 25%. The Portfolio will not exceed combined equity and property exposure of 55%. The Portfolio will comply with the limitations set out in regulation 28 of the Pension Funds Act.