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Investec Cautious Managed Fund

A multi-asset fund for the cautious investor

The Investec Cautious Managed Fund is the ideal unit trust for investors with a low to moderate risk profile requiring income and capital growth over the medium term. The objective is to achieve returns in excess of the fund’s peer group average, measured over three to five year periods.

What are the benefits of investing in this fund?

  • Competitive returns at low levels of risk, over three to five year periods.  
  • Suitable as a core portfolio holding around which more aggressive investments can be added
  • Low equity weighting limits downside risk
  • Lower volatility than traditional multi-asset funds
  • A value-based, contrarian approach to stock selection reduces the equity downside risk
  • Complies with all the prudential requirements, making it suitable for most retirement fund clients

Investment strategy

The Investec Cautious Managed Fund invests in a mix of assets such as equities, cash, property and bonds. The fund may also invest in offshore assets, providing further diversification opportunities. The exposure to offshore assets is currently limited to a maximum of 20% of the portfolio. Equity returns tend to be volatile and the equity weighting is currently limited to a maximum of 40% of the portfolio. The low equity weighting helps to limit negative returns, but at the same time investors can benefit from equity market strength.

Investment objective

The Investec Cautious Managed Fund aims to grow income and capital over the medium term. The objective is to achieve returns in excess of the fund’s peer group average, measured over three to five year periods.

Who should invest?

  • Cautious investors wishing to invest in a multi-asset fund
  • Investors who require limited exposure to the equity market
  • Investors approaching retirement or those who are already retired
  • Living annuity investors requiring an income
  • Investors who have a low to moderate risk profile with a medium- to long-term investment horizon
  • Investors needing income and capital growth at low risk of capital loss
 
  1. Unit trust classification:  Domestic Asset Allocation Prudential Low Equity  
  2. Portfolio manager:  Sam Houlie
  3. Risk profile:   Low to moderate
  4. Launch date:  1 April 2006
  5. Size of fund: R3.2 billion
  6. Minimum lump sum investment:  R10 000
  7. Minimum debit order amount:  R500 a month
  8. Income distribution:  March, June, September and December
  9. Benchmark:  Peer group average
  10. Initial charges (excl. VAT):  Up to 3% payable to the financial adviser (negotiable)
  11. Annual management fee (excl. VAT):  1.5%
  1. A conservative, balanced fund for cautious investors
  2. Suitable as a core portfolio holding around which more aggressive investments can be added
  3. Low equity weighting limits drawdown
  4. Lower volatility than traditional balanced funds
  5. A value-based, contrarian approach to stock selection reduces the equity downside risk

Total expense ratio (TER)*
The TERs (incl. VAT) for this fund are listed below:
A Class: 1.86%              |    B Class: 1.83%

Previous income distribution for 3 months to 30 December 2009 (A and B Class):
A Class:  Net dividend 0.09 cpu   |   Interest distribution 0.75 cpu
B Class:  Net dividend 0.09 cpu   |   Interest distribution 0.75 cpu

To invest in the Investec Cautious Managed Fund, follow the 3 easy steps below:

  1. Download, print and complete the Investec Unit Trust application form:
    Investec Unit Trust application form
  2. Deposit your investment as instructed
  3. Fax the completed application form and supporting documents to 0861 500 100.

For other Investec application and transaction forms click here