The investments available through 22seven are all Unit Trust funds. Unlike some other investments, like fixed deposits, Unit Trust funds can’t guarantee a specific return. The return of any Unit Trust fund is determined by movements in the market, which are out of our control.
However, the four funds available through 22seven do have performance targets.
- The target of the Old Mutual Core Balanced Fund is CPI (inflation) plus 5% to 6% per year (before fees).
- The target of the Old Mutual Top 40 Index Fund is to replicate the performance of the FTSE/JSE Top 40 index, which comprises the 40 largest companies by market capitalisation listed on the JSE.
- The target of the Old Mutual FTSE RAFI All World Index Feeder Fund is to replicate the performance of the FTSE RAFI All World 3000 Index, which comprises 3000 leading companies from around the world.
- The target of the Old Mutual Money Market Fund seeks to deliver a regular income and to outperform bank deposits over time, while preserving capital.
The performance is targeted over the recommended minimum investment term (five years) and, again, is not guaranteed.
Also note that, as with any unit trust fund, past performance is no indication of future performance.
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