The Absolute Smooth Growth Portfolio targets inflation-beating returns over the long term (in excess of ten years), using smoothing to substantially reduce the market volatility experienced by investors.
The Old Mutual Absolute Smooth Growth Portfolio is aimed at investors who seek a real return with reduced market volatility and a 50% guarantee on benefit payments. The fund is most suited to investors saving towards a specific goal over a period in excess of five years, such as retirement, a child’s education or a significant future purchase.
The Old Mutual The Absolute Smooth Growth Portfolio has a growth objective of CPI + 4.5% p.a. (after fees) over the long term (in excess of ten years). Over the medium term (5 - 10 years) the objective is to provide returns in excess of CPI. The growth objectives are targets and not guaranteed returns.