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Investment mandate
This portfolio will be managed using a single-manager investment process. This fund has an
absolute return focus and the fund will aim for medium to long term growth.
Typical investments
The portfolio can include domestic equities, domestic bonds, domestic cash and domestic property.
The portfolio may also invest in any listed or unlisted financial instruments, and international cash,
international bonds, international property and international equities.
Risk exposure
A medium risk fund exposed to equity price risk, credit risk, currency risk, liquidity risk and interest
rate risk, both domestically and internationally.
(n) PPS Defensive Fund
Investment objective
To outperform the ASISA SA Multi Asset Low Equity category average and will aim for low
short-term volatility with long-term capital growth. The investment horizon for this fund is greater
than three years.
Investment mandate
This portfolio will be managed using a single-manager investment process with a risk conscious
mindset and a focus on protecting capital by maintaining a diversified asset class exposure to the
extent that the act allows.
Typical investments
The portfolio can include domestic equities, domestic bonds, domestic cash and domestic property.
The portfolio may also invest in any listed or unlisted financial instruments, and international cash,
international bonds, international property and international equities.
Risk exposure
A low to medium risk fund exposed to equity price risk, credit risk, currency risk, liquidity risk and
interest rate risk, both domestically and internationally.
(o) PPS Managed Fund
Investment objective
To aim for medium to long term capital growth of at least CPI for all urban areas plus 5%.
The benchmark of the portfolio will be CPI for all urban areas plus 5% per annum, with an investment
horizon greater than six-years. The portfolio will aim for low short-term volatility and long-term
capital growth.
Investment mandate
This portfolio will be managed using a single-manager investment process that seeks to achieve
medium to long-term capital growth with a flexible asset allocation, that provides diversification
across asset classes to the extent that the act allows.
Typical investments
The portfolio can include domestic equities, domestic bonds, domestic cash and domestic property.
The portfolio may also invest in any listed or unlisted financial instruments, and international cash,
international bonds, international property and international equities.
Risk exposure
A medium to high risk fund exposed to equity price risk, credit risk, currency risk, liquidity risk and
interest rate risk, both domestically and internationally.