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Conserver |
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This portfolio is
managed within what Investment Solutions regards to be conservative
investment parameters. A lower allocation to equities allows for a
higher allocation to local and global bonds and cash. |
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Entrepreneur |
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In its construction of
the local component of the assets in this portfolio, Investment
Solutions targets an asset allocation of 75% local equities and 25%
local bonds. Although the global component targets a high (global)
equity allocation, it also comprises global bonds, cash and
alternative investments. |
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Performer |
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The local component of
the assets in this portfolio is managed by local investment managers
preferred for their skills to time switches between asset classes
within certain trading limits. Investment Solutions blends the
investment strategies of these “best-pick” local investment managers
with the aim of achieving superior investment returns at below-average
risk for this portfolio. The global component is invested in the
Global Balanced Portfolio, which has a similar moderate investment
profile, with allocation to global equities, bonds, cash and
alternative investments. |
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Spectrum |
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The management of the
local component of the assets in this portfolio is split equally among
the investment managers included in the Alexander Forbes South African
Large Manager Watch Survey. The global component is invested in the
Global Balanced Portfolio, which has a similar moderate investment
profile, with allocation to global equities, bonds, cash and
alternative investments. |
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Value-Alpha |
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The investment
managers selected for this portfolio follow a Value style of
investing. They typically invest in shares that trade at
price:earnings (p:e) multiples lower than the rest of the shares in
the market, and/or shares that trade at a discount to the net asset
value of the company. Further diversification is achieved by selecting
Core Value as well as Relative Value style managers. The portfolio has
been constructed to provide the investor with lower volatility of
returns than those of single-manager portfolios that also follow a
Value style. |
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