PSG media release
The PSG Balanced Fund has passed the R6bn in assets under management milestone. The Fund is a fully diversified portfolio that complies with Regulation 28, which means it is suitable for retirement fund investments. The primary objective is long-term growth of capital and a reasonable level of income for investors. The Fund is an actively managed portfolio of assets which comprises a mix of shares, bonds, global assets and cash. The asset allocation is actively managed and continually reflects the asset management team’s view of the relative attractiveness of the equity, gilt and money markets, both locally and abroad. The selected sectors within the equity portion of the portfolio change from time to time in accordance with changing market conditions and economic trends.
“Since inception in 1999, the Balanced Fund has delivered sustainably on its mandate and we look forward to continuing to build on our promise to investors,” says Greg Hopkins, Chief Investment Officer at PSG Asset Management and co-manager of the Fund. The Fund joins the PSG Flexible Fund (which stood at over R8bn as at the end of October 2016) as one of two of PSG’s funds to have crossed the R6bn marker. Overall, PSG Asset Management has approximately R30bn in funds under management.
