Conservative Investors want stability and are more concerned with protecting their current investments than increasing the real value of their investments. A Conservative Investor is generally seeking to preserve capital and as a trade-off is usually prepared to accept lower investment terms.
This portfolio seeks to provide a stable income with capital protection. Its objective is to outperform the South African MA Income peer group average and achieve a return of SA CPI plus 1-2% p.a. over a rolling two-year period. As a risk-averse strategy, the portfolio is largely comprised of money market and income assets, with a very low allocation to growth assets.
Moderately Conservative Investors are those who want to protect their capital and achieve some real increase in the value of their investments. This Investor is usually seeking a diversified investment portfolio with exposure to a broad range of investment sectors.
This portfolio seeks to provide moderate long-term growth of capital and good income, with a low probability of capital loss over the short term. Its objective is to outperform the South African MA Low Equity peer group average and to achieve a return of SA CPI plus 2-3% p.a. over a rolling three-year period.
Moderate Investors are long-term Investors who want reasonable but relatively stable growth. Some fluctuations are tolerable, but Moderate Investors want less risk than that attributable to a fully equity-based investment.
This portfolio seeks to provide moderate long-term growth of capital and generate good income, with a low probability of capital loss over the medium term. Its objective is to outperform the South African MA Medium Equity peer group average and achieve a return of SA CPI plus 3-4% p.a. over a rolling four-year period.
Moderately Aggressive Investors are long-term Investors who want real growth in their capital. A fair amount of risk is acceptable
This portfolio seeks to provide long-term growth of capital and modest income, with a low probability of capital loss over the long term. It aims to outperform the South African MA High Equity peer group average and achieve an outcome of SA CPI plus 4-5% p.a. (i.e. to provide a real return of 5% p.a.) over a rolling seven-year period. Typically, this portfolio’s exposure to equities will be between 40% and 75%, but this may vary depending on market conditions.
Aggressive Investors are long-term Investors who want high capital growth. Substantial year-to-year fluctuations in value are acceptable in exchange for a potentially high long-term return. An Aggressive Investor is comfortable accepting high volatility in their capital with the risk of short to medium-term periods of negative returns. They are willing to trade higher risk for greater long-term return and have a long investment objective. This investor is usually seeking a diversified portfolio with exposure to a broad range of investment sectors.
This portfolio seeks to provide long-term capital growth with a low probability of capital loss over the long term. It aims to outperform the Worldwide MA Flexible peer group average and achieve an outcome of SA CPI plus 5-6% p.a. while limiting the risk of negative real returns over a seven-year period. As a growth-oriented portfolio, the exposure to equities would typically range between 60% and 90%, but this may vary depending on market conditions.