The Steer Tactical Balanced Portfolio is a model portfolio that invests in a combination of local equities, listed property, bonds 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 portfolio mandate is capped at a maximum combined allocation of 75% to local and offshore equities. The portfolio is managed in accordance with regulation 28 of the pension fund act.
The Portfolio is suitable for investors:
- Looking for moderate to long term capital growth.
- Would like high exposure to risk assets
- Is comfortable with taking on some risk of market fluctuation and potential capital loss
- Are investing for at least 3 years
- Need an investment that complies with regulation 28 of the pension fund act.
The Portfolio aims to produce moderate to aggressive capital growth over the long term. The portfolio aims to outperform its benchmark on a risk adjusted return basis.
The portfolio’s benchmark is a composite of the following investable markets:
FTSE/JSE ALSI 38%
MSCI World (ZAR) 29%
SA Property Index 14%
BEASSA All Bond Index 19%
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.
Investors can access the Steer Tactical Balanced Portfolio through the PPS and Allan Gray investment platforms.
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