The Fund aims to provide steady, inflation beating growth at a lower volatility (e.g. lower fluctuations in value) than the typical equity or balanced fund
The Fund invests in a balanced portfolio of equities (e.g. company shares), bonds (contracts to repay borrowed money which typically pay interest at fixed times) and cash. Derivatives (financial contracts whose value is linked to the price of an underlying asset) are used with the aim of removing market risk
Other investments may include the units of other funds, property-related equities and bonds
The risk profile of the Fund is expected to be low to medium with returns that are not directly linked to those of equity and bond markets
Fund features
Seeks capital preservation and returns ahead of inflation
Managed in accordance with Regulation 28 of the Pension Funds Act 24 of 1956
Sumesh Chetty
Portfolio Manager
Sumesh is a portfolio manager at Ninety One within our Quality team. He has responsibility for...
Darren Jocum
Portfolio Manager
Darren is an analyst within the Quality team at Ninety One. He is a co-portfolio manager...
Investment objective summary
The Fund aims to provide steady, inflation beating growth at a lower volatility (e.g. lower fluctuations in value) than the typical equity or balanced fund
The Fund invests in a balanced portfolio of equities (e.g. company shares), bonds (contracts to repay borrowed money which typically pay interest at fixed times) and cash. Derivatives (financial contracts whose value is linked to the price of an underlying asset) are used with the aim of removing market risk
Other investments may include the units of other funds, property-related equities and bonds
The risk profile of the Fund is expected to be low to medium with returns that are not directly linked to those of equity and bond markets
Fund features
Seeks capital preservation and returns ahead of inflation
Managed in accordance with Regulation 28 of the Pension Funds Act 24 of 1956
Sumesh Chetty
Portfolio Manager
Sumesh is a portfolio manager at Ninety One within our Quality team. He has responsibility for our absolute return strategies and is co-portfolio manager of the Cautious Managed Fund and the Absolute Balanced Fund.
He joined the firm in 2007 from Metropolitan Asset Managers where he managed the Metropolitan Absolute Return Fund from 2005. Before joining Metropolitan, Sumesh spent three years as an investment actuary at Metropolitan Employee Benefits, where he was responsible for managing smooth bonus funds. Sumesh began his career at Swiss Re Life & Health, where he spent over three years as an actuarial specialist.
Sumesh graduated from the University of Cape Town with a Bachelor of Business Science (Hons) degree in Actuarial Science and a postgraduate diploma in Actuarial Science. He is also a Fellow of the Institute of Actuaries in the United Kingdom and a Fellow of the Actuarial Society of South Africa.
Darren Jocum
Portfolio Manager
Darren is an analyst within the Quality team at Ninety One. He is a co-portfolio manager of the Ninety One Absolute Balanced Fund. His responsibilities include the fundamental research of South African-listed shares. Darren’s research coverage has been broad and he has over a decade’s worth of experience researching resource, industrial and financial companies. Prior to joining the firm, Darren worked as an equity analyst at Allan Gray. He started his career at Old Mutual. Darren graduated from the University of Cape Town in 2004 with a Bachelor of Business Science degree in Actuarial Science. He is a Fellow of the Institute of Actuaries and a CFA® Charterholder.
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