This fund is suited to investors seeking a regular and growing income stream from their capital; with a low tolerance for capital volatility; seeking exposure to actively managed high income generating assets; seeking a fund that is managed by a combination of leading South African asset managers in income generating asset classes on a segregated managed basis and, seeking a fund with an investment term of 12 months or longer.
Investment objectives and strategy
This portfolio is diversified across various asset classes. It provides the investor with greater cash and fixed income exposure compared to other asset classes. 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 and
credit risk. For credit and income instruments, while unlikely, capital loss may occur due to an event like an issuer default. The portfolio typically displays higher volatility and lower liquidity than a money market portfolio. This fund has exposure to foreign investment funds and is susceptible to currency risk and potential macroeconomic and political risks brought about by funds invested across various regions. Investments in equity and property are volatile and are susceptible to changes in general market conditions, as well as economic, political and company specific risks.
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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Annualised performance since 2007:
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