Investors seeking a hedge against any rand depreciation while gaining exposure to high-yielding offshore assets that are not available locally in South Africa. Although this is a roll-up fund and does not distribute income, it is suitable to investors with a medium to long-term investment horizon who wishes to fund income withdrawals by redeeming units, due to the exposure to yield generating assets held in the Fund and therefore a lower probability of selling underlying units at inappropriate times such as in a market downturn
The Fund aims to generate real return in US dollars and is benchmarked to the US inflation rate, converted to rand.
These portfolios typically have no or low equity exposure, resulting in higher interest yields and stable capital values with the probability of capital losses over the shorter term (3 months) highly unlikely. These portfolios typically target returns in the region of 1% – 3% above inflation before tax over the long term.These portfolios typically targets a return in the region of 1% – 3% above US inflation over the long-term.
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