Amity Prudent Fund of Funds

The Amity Prudent Fund of Funds is managed to provide capital growth over the medium term. The fund has a target return of 5% above inflation per annum over a rolling 5 year period. The investment horizon of more than 5 years allows for a higher level of exposure to growth assets like equities and property which will lead to more volatility in this fund than in the Amity Conserver Fund. The Amity Prudent Fund of Funds is a medium equity prudential fund which complies with regulation 28 of the Pension Funds Act. The risk in the fund is also managed actively in accordance with establishing the minimum risk with which the target return can be achieved using asset allocation, fund diversification and valuation of asset classes to optimise the risk/return relationship.

Key fund information:

Objective Capital growth over the medium term
Secondary objective Minimize negative returns over 1 year
Benchmark Inflation +5% (net of fund fees)
Investment term 5 years (or longer)
Regulation 28 compliant Yes
ASISA category SA AA Multi Asset Medium Equity
Maximum equity exposure 60%

[Latest Fund factsheets]