Fund Objective

The objective of the sub-fund is to achieve returns commensurate with prevailing rates, while maintaining a low level of risk.

View on Past Performance

The offer price of the accumulation units in the Fund has risen by 3.3% during the year under review. Since launch the offer price of accumulation units the Fund has risen by 20.6%. The average maturityof the Fund is relatively short reflecting our view that base rates will not be cut further.

Future Expectations

Given the strength of the housing market we do not expect a further interest rate cut, but with inflation seemingly under control base rates are likely to remain low for the foreseeable future.

Fund Details