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Nedgroup launches cautious managed fund to South African investors

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Nedgroup Investments has launched a global cautious managed fund to the South African market.

The Nedgroup Investments Funds – Global Cautious Fund is managed on a discretionary basis by Talib Sheikh, senior portfolio manager at J.P. Morgan Asset Management, and will be based upon JP Morgan’s Global Capital Preservation Fund.
 
The objective of Nedgroup’s Global Cautious Fund is to achieve long-term returns above cash but with volatility below that of equities by investing across a range of asset classes, including cash, equities and bonds. The fund aims to deliver one month Libor plus three per cent per annum and aims to beat deposit account returns.
 
Andrew Lodge, managing director of Nedgroup Investments, says: “We are excited to be joining forces with J.P. Morgan Asset Management, truly one of the world’s most eminent investment houses. The Global Cautious Fund provides our South African investor base with access to one of the most experienced ‘total return’ managers and teams in Europe.

“This is also an ideal long term investment for those seeking to move out of cash and bonds and who are looking for greater international diversification – while acting as an alternative strategy to low-risk funds of hedge funds and money market funds.”
 
The minimum investment in the fund is USD4,000 for retail investors and USD100,000 for institutional investors, or the currency equivalent.

Nedgroup already partners with Gartmore Investment to provide a bespoke global equities product and with Sarasin & Partners to provide a global balanced product.

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