David Green, Chief Investment Officer at PPS Investments
PPS Investments, the multi-manager investment firm, has announced the launch of a new balanced fund of funds addition to each of its investment platforms.
The PPS Balanced Fund of Funds is now available to members of PPS, the specialist financial services provider to graduate professionals, while the OPN Balanced Fund of Funds is open to all retail investors. Both were officially launched to new investors on the 27th of July 2011.
“The PPS and OPN Balanced Funds of Funds were developed in response to investors’ requests for funds of funds that hold more aggressive equity exposures but still remain compliant with Regulation 28 of the Pension Funds Act,” said David Green, Chief Investment Officer at PPS Investments.
As such, Green explained, these multi-managed funds invest in a number of underlying managers, with the specific mandate to provide capital growth. Flexible asset allocation provides diversification across all asset classes and sectors, but the funds of funds actively seek to provide relatively high equity exposures, limited to 75% of the portfolio value.
“These funds of funds are suitable for investors with a high return requirement over the medium to long term, or who need a balanced Regulation 28 compliant investment vehicle to serve long-term savings or retirement objectives,” said Green. The recommended term for investing in this fund is five years and longer.
The new Balanced Funds of Funds complement PPS Investments’ growing stable of multi-managed funds, bringing the total to seven funds on its PPS platform and four funds on its OPN platform.
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