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Oasis Crescent Balanced Progressive Fund of Funds
SUMMARY INFORMATION
 
Sector: South African Multi Asset - Medium Equity
Type: Prudential Medium Equity
Launch Date: 2 March 2005
Minimum Monthly Investment: R 500
Minimum Lump Sum Investment: R 2,000
Custodian: Standard Bank of South Africa Ltd.
Benchmark: CPI Rate + 1%


PORTFOLIO MANAGER

Adam Ebrahim B.Soc.Sc. (Hons), CA (SA), CFA

The Oasis Crescent Balanced Progressive Fund of Funds invests in other funds that have holdings in many possible asset classes. This allows for significant diversification within the ethical parameters of Shari’ah governed investments. The underlying asset classes comprise of listed equities, property, long and short term Shari’ah income products and money market instruments. The Oasis Crescent Balanced Progressive Fund of Funds may be held by a retirement fund as it is managed in accordance with Regulation 28 of the Pension Funds Act 24 of 1956.

The Oasis Crescent Balanced Progressive Fund of Funds is a specialist Shari'ah compliant fund. It has a widely diversified portfolio that is consistent with most retirement funds that impose restrictions on the maximum holding of each asset class. The exposure to equity instruments is relatively moderate and is consistent with the medium equity fund classification. The portfolio will seek to derive medium to long-term capital appreciation (from the rising value of assets) and a relatively small stream of income (from rentals and sukuk instruments).

 

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