Our funds
MULTI-ASSET
Investable universe
Shares, property, preference shares, bonds, cash and cash-equivalents
ASISA category
South African - Multi Asset - Flexible
Interest rate risk
Low
Term and horizon
Long-term investment for individuals who are building their savings
Benchmark
CPI + 6%
Investment risk
High
Granate BCI Flexible Fund
This fund is suitable for individuals who are investing for the long term and are seeking capital growth. It aims to deliver inflation + 6% over periods of seven years and longer. The fund could be significantly invested in shares at times, resulting in volatility. It is allowed to be fully invested in shares. Aggregate offshore exposure will not exceed 45%.
Granate BCI Balanced Fund
This fund is suitable for individuals who are investing for the long term and are seeking capital growth. It aims to deliver inflation + 5% over periods of seven years and longer. The fund could be significantly invested in shares at times, resulting in volatility. It is managed to comply with the prudential guidelines for South African retirement funds. However, to enjoy retirement fund tax benefits, it must be accessed via a retirement product. Total exposure to shares may not exceed 75% and aggregate offshore exposure may not exceed 45%.
Investable universe
Shares, property, preference shares, bonds, cash and cash-equivalents.
ASISA category
South African - Multi Asset - High Equity
Interest rate risk
Low
Term and horizon
Long-term investment for individuals who are building their savings
Benchmark
CPI + 5%
Investment risk
Moderate to high
FIXED INCOME
Investable Universe
A combination of assets in liquid form and a combination of nominal, inflation-linked and corporate bonds as well as interest-bearing securities, including loan stock, debentures, debenture bonds, money market instruments, corporate debt and non-equity securities.
ASISA Category
SA Interest Bearing Variable Term
Risk Profile
Low-Moderate
Granate BCI Multi Income Fund
This fund aims to deliver consistent positive returns above money market rates over periods of 18 months and longer. The explicit goal is 1% above prevailing market cash rates with no negative returns over rolling three-month periods. To generate higher returns than money market rates, the fund takes on moderate risk. This is done by investing in a diverse range of income-generating investments that typically have a longer time to maturity than money market investments. We manage this risk by doing thorough research on all instruments in which we invest. These may include cash, government bonds, corporate bonds, inflation-linked bonds, listed property or preference shares. This fund is suitable to investors who require consistent returns above money market rates with minimal downside risk, and who do not require regular liquidity.
Investable universe
Fixed interest, property and preference shares
ASISA category
South African - Multi Asset - Income
Interest rate risk
Low but will fluctuate with prevailing market rates
Term and horizon
STeFI Composite Index +1% p.a.
1 - 3 years, shorter-term
Benchmark
Investment risk
Low
Investable universe
South African short-term money market instruments with maturities of less than 13 months issued by banks and other institutions
ASISA category
South African - Interest Bearing - Money Market
Interest rate risk
Very low but will fluctuate with prevailing market rates
Term and horizon
90 - 356 days, short
Benchmark
Alexander Forbes Short-Term
Fixed Interest (STeFI) Composite Index
Investment risk
Low
Granate BCI Money Market Fund
This fund aims to provide a higher level of income than short-term fixed deposits and call accounts over time. It is suitable for investors who are seeking an alternative to bank deposits or a short-term investment with quick access to their money. The focus is on capital preservation and stable returns. However, fund returns will move according to prevailing market interest rates. These rates are largely driven by the repo rate set by the South African Reserve Bank.
Quarterly Commentary
GLOBAL
Granate Global Flexible Fund
IC Ltd
The fund aims to achieve an annualised return of US inflation plus 6% measured over a rolling seven year period. It aims to provide a balance between capital preservation and capital growth over the full investment cycle. The fund will have maximum flexibility in terms of asset allocation.
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The fund is domiciled in Guernsey with IP Fund Managers, with Butterfield Bank as custodian and Apex as administrator.
Investable universe
Wide range of asset classes including cash, fixed income, equities, property and commodities
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Mandate
Global flexible equity mandate
Interest rate risk
Low but will fluctuate with market rates
Term and horizon
US CPI + 6%
Long-term
Benchmark
Investment risk
Moderate - High