Ashburton Defensive Fund

Investor profile

This fund is used as a building block in outcomes-based solutions for clients. It provides exposure to the houseview asset allocation by investing in fixed income, listed property and reduced volatility equity investments. It is suited to investors seeking medium to long-term above inflation capital and income growth, with an investment time horizon of three years and longer.

Investment objectives and strategy

This portfolio is diversified across various asset classes. It provides the investor with greater fixed income and property exposure. Equity and property investments are volatile than lower risk portfolios but is not fully invested in by nature and are susceptible to changes in general market conditions and volatility, as well as economic, political and company specific risks. This fund is also exposed to foreign investment funds and is thereby susceptible to currency risk and potential macroeconomic and political risks brought about by funds invested across various regions. The fund's exposure to fixed income investments creates sensitivity to changes in bond yields, rising interest rates and inflation uncertainty, as well as exposure to economic, political risk and credit risk.

Changes to the fund

Proposed amalgamation of the Ashburton Multi Manager Funds with the FNB Multi Manager Funds

Our business has taken a decision to merge funds in the Ashburton Multi Manager Fund range with the FNB Multi Manager Funds. There is a ballot process currently underway and we would like to encourage all investors in these funds to participate. 

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ISIN ZAE000178984 Sedol Bloomberg
Currency South African rand Risk rating Low to moderate Domicile South Africa
Launch date 01/06/2013 Fund size 296.7600 m Dealing Daily
NAV 137.2400 cents Daily change 0.09% Price date 25/02/2021
Annualised performance since 2013: 3.1%

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