An op­tion for those seek­ing pre­dictable in­come

Finweek English Edition - - FUND IN FOCUS - (AS AT 30 JUNE) BY JANA MARAIS

fund can in­vest in fixed-in­come in­stru­ments, is­sues by gov­ern­ments, paras­tatals and pri­vate com­pa­nies, as well as cash. As of late last year, it has also been able to in­vest up to 10% in for­eign as­sets. The fund man­agers will only con­sider qual­ity in­stru­ments of rep­utable in­sti­tu­tions for in­clu­sion in the fund – it is, for ex­am­ple, steer­ing clear of bonds i ssued by l ocal paras­tatals with bal­ance sheet chal­lenges, such as Eskom.

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