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Typical investments
The managers invest in local bonds and property, as well as local and international money market
instruments and equities.
Risk exposure
A medium to high risk fund, exposed to credit risk, interest rate risk, local and international equity
price risk and currency risk. The fund can hold up to 100% offshore, but is expected to be between
40% and 60% invested in international assets.
(h) PPS Global Balanced Fund of Funds
Investment objective
To maximise total portfolio returns while outperforming a composite industry benchmark over
the medium to long term.
Investment mandate
This multi-managed fund invests in a number of underlying managers who invest in a spectrum
of international securities with the specific focus on long-term capital and income growth.
Typical investments
The managers invest in international bonds and property, as well as international money market
instruments and equities.
Risk exposure
A medium to high risk fund, exposed to credit risk, interest rate risk, international equity price risk
and currency risk.
(i) PPS Balanced Index Tracker Fund
Investment objective
To track the customised PPS Balanced Index, a published multi-asset high equity composite index
that is diversified across a number of constituent indices, and calculated and published daily by
a recognised index compiler.
Investment mandate
This index tracker invests in the type of securities necessary to effectively track the index.
Typical investments
The multi-asset, high equity composite index that the PPS Balanced Index Tracker Fund tracks
includes local and international equities, domestic bonds, domestic cash and domestic property.
Risk exposure
A medium to high risk fund, exposed to credit risk, interest rate risk, international equity price risk
and currency risk.
(j) PPS Institutional Multi-Asset Low Equity Fund
Investment objective
Deliver a consistent benchmark beating return over a rolling 36-month period, while aiming to
minimise capital loss over any 12-month period.
Investment mandate
This institutional multi-managed fund has a focus on capital protection and diversification. Flexible
asset allocation provides diversification across all asset classes and sectors, with equity exposure
limit to not more than 40% of the portfolio value.