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Investment Solutions' unit trusts
are diversified across three levels -- investment managers,
asset classes and investment styles -- bringing together some of
the world's best specialist managers with complementary
investment styles in each asset class. Thus, reducing the
erratic return stream that investment managers display, while
increasing the long-term performance to deliver superior
returns. This
range offers investors a number of options to gain exposure to
global asset classes. |
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Multi-Manager Equity |
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Real Return
Focus |
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This portfolio is
managed within what Investment Solutions regards
to be moderate investment parameters. The
investment managers selected for this portfolio
are given specific mandates aimed at providing
an investment return of 5% a year above
inflation over any three-year rolling period.
Diversification is achieved by investing in
equities, bonds, cash and alternative
investments. Over the longer term, returns
should be less volatile but lower than for a
typical balanced portfolio because of the
investment strategies of the managers, which may
include investment in derivative instruments.
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Private Investor |
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Institutional Investor |
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Property
Equity |
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The specialist
managers selected for this portfolio invest
mainly in listed South African property
securities. At times, the managers may invest in
fixed-interest instruments. They are given
specific mandates aimed at growth in capital
value and income, with the focus on income
yield. Relative to other single-manager listed
property-only portfolios, this portfolio is
expected to have lower volatility of returns
over the medium to longer term due to the nature
of its construction. |
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Private Investor |
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Institutional Investor |
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Income |
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The specialist
managers selected for this portfolio invest in
income-yielding fixed-interest instruments such
as money-market instruments, bonds and
inflation-linked bonds. Money-market instruments
generally have maturity dates shorter than one
year and bonds longer than one year. The assets
in the portfolio will consist mainly of
shorter-dated bonds between one and three years.
The managers are given specific mandates aimed
at providing income and some capital growth.
Relative to single-manager income-only
portfolios this portfolio is expected to have
lower volatility of returns over the medium term
due to the nature of its construction. |
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Private Investor |
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Institutional Investor |
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Global Equity
Feeder |
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The investment
managers selected for this portfolio may invest
in global equities within predominantly
developed countries, denominated in a variety of
global currencies. The managers may either have
active investment management styles or
quantitative investment management styles.
Through active stock selection they keep
volatility of returns below that of the average
active global equity portfolio. |
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Private Investor |
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Institutional Investor |
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US Dollar Cash
Feeder |
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The investment
managers selected for this portfolio may invest
in short-term US Dollar-based money-market
instruments. Money-market instruments are liquid
financial instruments that simulate cash, but
may give a higher return than cash. The average
maturity of the money-market instruments in the
portfolio will not exceed 90 days. |
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Private Investor |
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Institutional Investor |
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Institutional Equity
(Institutional Investors Only) |
The specialist managers selected
for this portfolio invest in equities, which are shares of
companies listed on a registered securities exchange. The
managers, which may have different equity investment styles, are
given specific mandates aimed at high growth in capital value
through active share selection. They are expected to be fully
invested in equities at all times. Relative to other
single-manager equity-only portfolios, this portfolio is
expected to have lower volatility of investment returns over the
longer term due to the nature of its construction. Relative to
the Investment Solutions Multi-Manager Equity Unit Trust, this
portfolio is expected to be more moderate in terms of risk and
volatility. |
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Institutional Investor |
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The
specialist managers selected for this portfolio invest
in equities, which are shares of companies listed on a
registered securities exchange. The managers, which may
have different equity investment styles, are given
specific mandates aimed at high growth in capital value
through active share selection. They are expected to be
invested primarily in equities, but at times may have a
local cash allocation. Relative to other single-manager
equity-only portfolios, this portfolio is expected to
have lower volatility of investment returns over the
longer term due to the nature of its construction. |
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Private Investor |
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Institutional Investor |
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Multi-Manager Balanced
Fund of Funds |
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This portfolio is managed
within what Investment Solutions regards to be moderate
investment parameters. Within each asset class, the
investment managers are given specific mandates aimed at
growth in capital value and income. In constructing this
portfolio, Investment Solutions allocates the bulk of
the assets to equities and some to bonds. |
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Private Investor |
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Institutional Investor |
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Pure Fixed Interest |
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The specialist managers
selected for this portfolio invest in fixed-interest
instruments comprising mainly bonds, which generally
have maturity dates longer than one year, and
money-market instruments. Bonds are issued by
governments or corporate entities and may provide an
investor with a higher investment return than cash. The
managers, which may have different bond investment
styles, are given specific mandates aimed at steady
growth in capital value and income. Relative to other
single-manager bond-only portfolios, this portfolio is
expected to have lower volatility of returns over the
medium term due to the nature of its construction. |
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Private Investor |
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Institutional Investor |
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Superior Cash |
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The specialist managers
selected for this portfolio may invest in money-market
instruments and cash. Money-market instruments are
liquid financial instruments that basically simulate
cash, but often give a higher return. The managers are
given specific mandates aimed at providing an investment
return above the average of money-market portfolios,
while maintaining a high degree of liquidity and capital
preservation. They may only be exposed to institutions
with an A1 (F1) credit rating or better. |
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Private Investor |
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Institutional Investor |
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Global Fixed Income
Feeder |
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The investment managers
selected for this portfolio may invest in global
fixed-income instruments comprising mainly bonds
denominated in a variety of global currencies. Bonds are
issued by national governments or corporate entities and
often provide an investor with a higher investment
return than cash over the medium to long term. In
managing this broadly diversified portfolio, the
managers make controlled active investment decisions
regarding the duration of the instruments, the country
of origin, the credit risks and the appropriate
currency. |
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Private Investor |
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Institutional Investor |
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