Overview of Coronation Global Capital Plus (ZAR) Feeder Fund
This conservative multi asset fund aims to beat international money market funds, whilst still preserving capital. The Coronation Global Capital Plus (ZAR) Feeder Fund has conservative risk constraints within the foreign markets, however, the fund is subject to currency volatility and thus the rand investor should account for this risk premium and view it as a moderate to high risk fund.
Need a one conservative fund solution to offshore exposure
Want an alternative to investing offshore without using their offshore allowance
Want to broaden their opportunity sets by diversifying into foreign markets
Want to diversify an existing portfolio which is invested in largely domestic funds.
Benchmark
Secured Overnight Financing Rate (SOFR) + 1.5%
Strategy of Coronation Global Capital Plus (ZAR) Feeder Fund
The Coronation Global Capital Plus (ZAR) Feeder Fund is broadly diversified across both developed markets (including the US, Europe and Japan) as well as emerging markets. It can invest in all listed asset classes. The Coronation Global Capital Plus (ZAR) Feeder Fund is also able to use ETFs to carry out its investment strategies. The fund aims to be fully invested in foreign assets, having a minimum offshore exposure limit of 85%. The fund has conservative risk constraints within the foreign markets, however, the fund is subject to currency volatility and thus the rand investor should account for this risk premium and view it as a moderate to high risk fund. Exposure to growth assets, which pose more risk than income assets, will typically not exceed 50%