Investment Approach

The Fund aims to provide a return on your investment, with a cautious level of risk, through a combination of capital growth and income on the Fund’s assets.

The Fund will seek to achieve its investment objective by obtaining indirect exposure to a broad range of asset classes, which may include equity and equity-related securities, fixed income and fixed income-related securities, alternative assets, cash and near-cash instruments through investment in shares or units of a concentrated portfolio of collective investment schemes (CIS) including but not limited to exchange traded funds and index funds managed by an affiliate of the BlackRock Group and where determined appropriate, the Fund may invest directly in derivatives and near-cash instruments.

The Fund will vary its underlying asset exposure in different market conditions. Given the cautious risk profile of the Fund, under normal market conditions, the Fund will seek a lower exposure to equity securities, compared to a fund with a higher risk profile which would normally seek to have a lower exposure to fixed income securities. The fixed income exposure of the Fund will comprise mainly investment grade rated (but may also comprise non-investment grade or unrated) fixed and floating rate global government and corporate fixed income securities / bonds. The equity exposure will comprise mainly large and mid-capitalisation companies globally. It is not expected that the Fund's exposure to emerging markets will exceed 25% of its assets.