Launched on 31 August 2002, the Foord Balanced Fund invests in a wide selection of assets so as to provide a reasonably high level of growth at the same time as providing a reasonable level of income - all whilst tempering capital volatility compared to a pure equity fund. The fund is primarily an asset allocation fund that complies with the statutory investment limits prescribed for retirement funds in South Africa. While the fund typically exhibits a high weighting to JSE shares, it also includes exposure to bonds and money market instruments, listed property and foreign assets.
The fund's investment objective is the steady growth of income and capital, as well as the preservation of real capital (being capital adjusted for the effects of inflation). It aims to exceed the average rate of return achieved in the Domestic Asset Allocation - Prudential Variable Equity unit trust sector.
The Foord Balanced Fund is ideally suited to being a substantial component of any retirement savings portfolio. Given the fund's risk return profile, it is a more appropriate investment vehicle for investors whose risk tolerance is below that of a pure equity fund investor. |
