Monthly Returns

The chart below shows the investment performance of the Fund’s main investment portfolio – the Balanced Growth Portfolio – over various periods ending 30 September 2024.

The Balanced Growth Portfolio aims to outperform inflation. It targets an investment return of inflation plus 5.5% per year over seven years.

For periods longer than one year, the returns are shown per year.

The returns are shown after deducting investment management fees.

The Balanced Growth Portfolio

Over the long term (seven years or more) the Balanced Growth Portfolio has earned an investment return higher than inflation but has missed the target level of 5.5%. The main reason for missing this target has been the underwhelming performance of South African equities, which is where a significant portion of the portfolio is invested.

Shorter-term returns (up to five years) have delivered stronger returns. Don’t pay too much attention to these outcomes – they could just as easily have been poor. Over short periods, markets are driven by current events, supply and demand, and the news flow or ‘noise’ in investment markets. These day-to-day events are unpredictable, as is their impact on market performance.

Time and patience will grow your retirement savings

Unless you are close to retirement (over the age of 60), saving for your retirement is a long-term project. When looking at the investment performance of your retirement savings, the long term is where your focus should be.

THE INVESTMENT OF YOUR RETIREMENT SAVINGS IS LONG TERM.
THE TRUSTEES ENSURE THAT YOUR RETIREMENT SAVINGS ARE MANAGED WITH LONG-TERM OBJECTIVES IN MIND.

Monthly Returns

2024

Balanced Growth

Conservative Growth

Banker

Shari'ah High Growth

Portfolio Performance

The Balanced Growth Portfolio

Time and patience will grow your retirement savings

2023

2022

2021

AF Connect