• Risk Aware Funds

The key objective of our absolute return funds is to protect against downside losses over specified time periods while targeting upside returns above inflation as a secondary consideration.

We allocate the capital to a diverse, but concentrated number of asset managers, who will manage the asset allocation internally.

Fund

Report

Fund Description and Objective

Long-Term Target

Absolute Balanced Fund

 

PDF

This is an asset allocation Fund aimed at long-term capital growth. A flexible mandate is employed not for maximum performance but to allow the portfolio to be biased towards absolute returns and capital preservation. This Fund is suitable for retirement funds and complies with Regulation 28 of the Pension Funds Act.

Investment objectives are not guaranteed.

Inflation +6% p.a. over the long term with no negative returns over rolling 18 months (before fees).

The Fund's performance target changed from CPI +7% to CPI +6% on 1 September 2013.

Absolute Defensive Fund

 

PDF

This Fund is an asset allocation fund aimed at medium-term capital stability coupled with long-term capital growth. A flexible mandate is employed not for maximum performance but to allow the portfolio to be biased towards absolute returns and capital preservation. Over longer periods the Fund will attempt to produce significant inflation-beating returns. This Fund is suitable for retirement funds and complies with Regulation 28 of the Pension Funds Act.

Investment objectives are not guaranteed.

Inflation +4% p.a. over the long term with no negative returns over rolling 12 months (before fees).

The Fund's performance target changed from CPI +5% to CPI +4% on 1 September 2013.

Absolute Cautious Fund

 

PDF

This Fund is an asset allocation fund aimed at shorter-term capital stability coupled with long-term capital growth. A flexible mandate is employed not for maximum performance but to allow the portfolio to be biased towards absolute returns and capital preservation. Over longer periods the Fund will attempt to produce inflation-beating returns.
This Fund is suitable for retirement funds and complies with Regulation 28 of the Pension Funds Act.

Investment objectives are not guaranteed.

Inflation +3% p.a. over the long term with no negative returns over rolling 6 months (before fees).