The Prosperity IP Worldwide Flexible Fund of Funds had another good quarter to June 2016 growing 2.7% (10.8% annualised). The JSE All Share Index was up 0.4%. Over the last 12 months the fund returned 13.4% versus the JSE All Share Index of 3.8%.
We continue to manage the fund conservatively with a capital preservation bias. The strategy is to blend the asset allocation with our macro views while taking advantage of irrational pricing across all markets to select the best funds to enhance our views.
The fund has temporarily gone back into a 90% cash position as we seek our next investment opportunity.
The graph below shows the performance of the Prosperity Fund (red) since inception, CPI Inflation (grey)and the JSE All Share Index total return (blue).
See the latest fund fact sheet (click here).
To invest in the Fund speak to an advisor (click here).
