The portfolio aims to deliver a return of 3.5% pa above inflation (before fees) over 3 year periods by limiting the risk of negative returns over this time frame. This careful risk management approach means there may be times when the portfolio doesn’t achieve its return objective. In most circumstances the portfolio is expected to provide a positive return over 3 year periods, although there will sometimes be negative returns over shorter periods.
Over the 3 years to 31 March 2017 the portfolio has outperformed its objective, producing a return of 5.4% pa (before fees and tax) which was 3.8% above inflation.
For further information, please download pdf provided:
Download this document