The objective of the fund is to secure long term capital growth. The portfolio is a flexible rand denominated offshore fund of funds, investing in a combination of foreign equities, bonds and money market portfolios.

The portfolio is ideal for investors who wish to diversify their portfolio globally. This fund is suitable for investors with a moderately aggressive risk appetite, seeking global exposure.

The MitonOptimal IP Defended Beta Fund is a moderate to high risk, flexible fund. The objective of this fund is to achieve capital appreciation and mitigate downside long-only risk over the medium to long term, by varying the equity exposure of the portfolio in response to market up and down turns.

Investments to be included in the Fund will, apart from assets in liquid form, consist of securities and financial instruments across equity, fixed interest, property and money markets. The Fund will typically be highly exposed to equities but the Manager will have complete flexibility to vary the exposure to different asset classes as economic conditions vary.

Within the South African equity asset class, exposure will be limited to securities in the JSE Top 40 Index. Foreign, direct exposure, may be added to the portfolio and will be managed on a similar basis as that of the local exposure.

The primary objective of this portfolio is to target a total return of inflation plus 5% over rolling four-year periods. In so doing, the portfolio will aim to outperform a fixed asset allocation benchmark, over the same rolling period, through active asset allocation. Given the nature of the fund, a secondary objective is to keep the Total Expense Ratio as low as possible to ensure that unnecessary costs do not hinder performance.