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Medical Schemes Full Discretion

Foord's best investment view for discretionary SA Medical Schemes portfolios.

OVERVIEW

These mandates invest in a mix of local only asset classes and are managed to comply with the prudential requirements of Annexure B to Regulation 30 of the Medical Schemes Act. They are balanced portfolios reflecting Foord’s best investment view for discretionary medical schemes portfolios in terms of asset allocation and security selection.

STRATEGY

The investment objective is to achieve returns exceeding cash plus 2%, after all costs, over long-term cycles. Foord’s conservative, absolute return investment philosophy is naturally given to these kinds of low risk multi-asset class balanced funds. The chart below shows the long-term cumulative return of the Foord Medical Schemes composite relative to the cash plus 2% benchmark.

Long-term returns

Historic Investment Returns
Years Composite Return % Benchmark* Return %
1 Year 10 10.1
3 Years 6.4 8.2
5 Years 6.4 7.5
Since Inception 01 November 2002 10.6 8.6

* Benchmark: Call Daily + 2%

Performance history

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Performance Overview

Insights

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In our monthly podcast, ‘Markets in a nutshell’, Linda Eedes discusses what’s happened in global markets and economies over the past month, how we see things playing out and how Foord is positioned as a result.

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