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SA Bond

For investors with a moderate risk profile seeking exposure to South African bonds.

OVERVIEW

The strategy is suitable for investors seeking high income yields with prospects for capital gain and a moderate investment risk profile. It aims to outperform the FTSE/JSE All Bond Index over rolling three-year periods, with lower risk of loss. The investment horizon ought to exceed three years.

STRATEGY

To achieve its goal, the strategy invests in a broad spectrum of listed and unlisted South African interest-bearing securities of variable durations, reflecting the manager’s assessment of interest rate trends. The weighted average duration of the portfolio will typically be within two years of the risk budget as determined by the FTSE/JSE All Bond Index. The income characteristics will be in line with prevailing weighted average South African bond market yields. The portfolio is managed to comply with the statutory investment limits set for retirement funds in South Africa (regulation 28).

 

Insights

05 Oct 2026

MARKETS IN A NUTSHELL — FOR SEPTEMBER 2026

US President Donald Trump wants America to have the world’s lowest interest rates. However, in September his chosen Federal Reserve chairman raised them. Concurrently, US government bonds suffered their worst month…

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03 Sep 2026

MARKETS IN A NUTSHELL — FOR AUGUST 2026

America’s national debt surpassed an eye-popping $40 trillion last month. The country still runs a budget deficit of around 6% of GDP, unusually large for an economy that is growing. Interest on past borrowing now…

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