This website uses cookies. Read more. Okay

SA Income

For investors with low tolerance for capital loss seeking income yields exceeding money market portfolios.

OVERVIEW

The strategy aims to provide an income yield exceeding returns from money market portfolios with low probability of capital loss over an investment horizon of six months to one year. The benchmark is the Alexander Forbes Short-term Fixed-interest Composite Index (Stefi).

STRATEGY

To achieve its goal, the strategy invests in a broad spectrum of listed and unlisted South African interest-bearing securities, with the weighted average duration of the portfolio being typically less than 18 months. The portfolio may not invest in equities or listed property and will not invest offshore. The maximum weighted average portfolio modified duration is limited to two years, but will likely trend below 18 months. The portfolio is managed to comply with the statutory investment limits set for retirement funds in South Africa (regulation 28). 

Insights

14 Jul 2026

Markets in a Nutshell — for June 2026

AI has captured the market’s imagination, but inflation may prove the more persistent test. Transformative technologies can create extraordinary long-term winners, but history shows that innovation-led booms…

Listen now

07 Jul 2026

MARKETS IN A NUTSHELL — FOR JUNE 2026

The thing about aftershocks is that they often arrive after the danger seems to have passed. So it has been with this year’s oil shock. The Strait of Hormuz is not yet back to normal, but a provisional deal between…

Read more
newsletter subscription
Sign Up Now