Focused

Fund description

The Steer Stable FR Fund invests in a combination of local equities, listed property, bonds, commodities, and offshore equities. The portfolio can invest a maximum of 30% offshore, with an additional 10% allowed for investments in Africa outside South Africa. The fund mandate is capped at a maximum combined allocation of 40% to local and offshore equities. The portfolio is managed in accordance with regulation 28 of the pension fund act.

Investor Profile

• Who are risk averse but willing to have limited exposure to risk assets
• Are investing for at least 2 years
• Want to achieve returns better than inflation over time
• Need an investment that complies with regulation 28 of the pension fund act.

Objective

The Fund aims to produce conservative capital growth over the long term. The Fund aims to outperform its benchmark on a risk adjusted return basis.

Benchmark

The Fund’s benchmark is a composite of the following investable markets:

FTSE/JSE ALSI                               20%

MSCI World (ZAR)                         20%

SA Property Index                         7.5%

BEASSA All Bond Index                 30%

STEFI Composite Index                 22.5%

Strategy

We express our views through asset class specific exchange traded funds. The purpose of our process is to actively allocate assets based on an objective, measurable and testable decision-making process. Tactical decision making is driven by data from different indicator clusters including but not limited to economic, fundamental, technical and data from sentiment indicators. These indicators are used in combination as a decision-making process to tactically allocate capital to different asset classes. That drives our tactical allocation process which is ultimately the way we seek to achieve the portfolio’s stated objectives.

Accessibility

Investors can access the Steer Stable FR fund through the following investment platforms: PPS, Allan Gray, Momentum Wealth, Sanlam Glacier, Sygnia, Investec bank and directly through Sanne.