The Fund aims to provide a combination of long-term capital appreciation with a moderate level of income by investing in equity and fixed income securities, primarily through investment in other collective investment schemes. The Fund is actively managed and not managed with reference to a benchmark index.
Fund Exposure
The Fund seeks to achieve its investment objective by gaining exposure to a diversified portfolio composed approximately of 60% by value of equity securities and 40% by value of fixed income securities. The Fund's indirect exposures, through its investment in Target Funds, will be to shares of companies from developed and emerging markets, as well as fixed income securities from both developed and emerging markets issuers. The Fund's exposure to the Target Funds is not intended to reflect any geographic or sectoral bias.
Risks
The Fund may use derivatives in order to reduce risk or cost and/or generate extra income or growth. Portfolio transaction costs will have an impact on performance. The Fund is more appropriate for long-term investments and may temporarily depart from its investment policy in extraordinary market, political, or similar conditions to avoid losses.