AF ACCESS RETIREMENT FUND Introducing the AF Explorer and AF Passive Explorer Portfolios
Dear members With the increase of the maximum offshore investment allowance under Regulation 28 of the Pensions Funds Act (Regulation 28), the fund's asset consultants recommended adding the AF Explorer portfolios as an investment option because it allows members to invest close to the maximum amount offshore which is currently 45% (including Africa). The board of trustees of the fund agreed to this proposal to provide an option for members whose risk profile aligns with this increased offshore exposure. The AF Explorer portfolio will be available as a member investment choice option in June 2023. We are in the process of updating all relevant communication and forms to include AF Explorer in the member investment choice options - these will be available soon. The below communication will provide you with an overview of the AF Explorer portfolios. Who is the portfolio for? Members still in the growth phase of their retirement savings journey who understand and can remain patient through investment market volatility. About AF Explorer AF Explorer is a portfolio that invests in a variety of assets from around the world. It is specially designed to invest, close to the maximum limit allowed offshore under Regulation 28, with full exposure to those returns and any impact of currency movement. The portfolio is constructed with purposeful diversification in mind, using a multi-asset, multi-style, multi-manager approach, to reduce risk. The portfolio is therefore spread across different types of investments and top-rated asset manager strategies, both locally and globally. The portfolio is designed portfolio is designed to help you grow your money and aims to beat inflation by at least 6% per year over a five-year ongoing period. The Alexander Forbes Investments team keeps a close eye on the market and looks for new opportunities to invest in. By actively managing the portfolio the investment team ensures that the portfolio is well-positioned to meet its objectives in different market conditions and keep within the allowable offshore limits