The Fund aims to acquire a diverse portfolio of investments selected for characteristics such as income, inflation protection, some capital growth and risk mitigation.
The Fund is able to invest in growth, income and alternative asset classes through interests in listed and unlisted funds and other equity and debt instruments. The ranges for each asset class are wide in order to give us flexibility to meet the Fund's objectives. We may make significant changes to the investment mix based on our view of market risks or opportunities. In particular, we believe that risk in equity markets changes over time. We will significantly reduce the Fund's exposure to equity markets if we believe the risk levels in those markets have become too high.
The Fund uses different types of derivatives for currency hedging and equity risk management.
The Fund is suitable for investors who:Seek capital growth rather than an income return;Are prepared to accept some volatility in investment returns; andWant some protection against equity market risk.