Prosperity IP Worldwide Flexible Fund of Funds

Code: PIWCA

Overview

The fund is diversified across geographic regions, asset classes and fund managers. Its objective is to provide investors with real medium to long-term capital growth from a portfolio that maintains a moderate risk profile. The strategy is to blend the asset allocation with our macro views while taking advantage of irrational pricing across all markets and to select the best funds to enhance our views.

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Prosperity IP Worldwide Flexible Fund of Funds Fact Sheet

Suitable for investors who...

The fund is best suited to investors with a moderate risk profile that requires a balanced local and global investment exposure with a conservative bias.

Benchmark

Composite benchmark: 36% JSE All share index, 24% MSCI World Index - in Rands, 12% All Bond Index, 8% JP Morgan Bond Index - in Rands, 12 % Alexander Forbes Money Market, 8% US Overnight Call rate - in Rands.

Strategy

The fund is being managed conservatively as equity market valuations remain stretched and global economic uncertainty persists as looming deflation threatens growth. Despite this we believe pockets of value exist in some commodities and deep value counters. We have invested in the Allan Gray Optimal fund, a hedged equity fund, which invests in these value opportunities. Overall we remain cautious and have adopted a conservative asset allocation with an over-weight position in cash.
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Fund performance

Source: Profile Data

Fund managers

Nick Brummber

Nick Brummer

rod lowe

Rod Lowe

Other funds from Prosperity IP

Prosperity IP Worldwide Flexible Fund of Funds


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