STATEMENT OF INVESTMENT OBJECTIVES AND POLICY
DC FUND MANAGERS
STATEMENT OF INVESTMENT OBJECTIVES AND POLICY FOR THE QUANTUM MERUIT FUND
Approved by DC Fund Managers Board of Directors on 01 July 2011
Endorsed by Quantum Meruit Consultants on 05 July 2011
Fund Manager: Daniel Chinounye
INTRODUCTION
DC Fund Managers Private Limited is vested with the responsibility to manage a property portfolio for and on behalf Quantum Meruit Consultants (QMC). The DC Fund Managers Board has delegated the responsibility for overseeing the Quantum Meruit Fund (QMF) within the principles listed herein. This statement is effective until modified by the Board.
1. INVESTMENT OBJECTIVES
1.1 To guarantee capital growth for the R30 million rand investment for the first five years.
1.2 To guarantee regular income starting in 5 years’ time from June 2011. The income should be sufficient to sustain QMC member’s payroll.
1.3 To provide a maximum level of growth and return consistent with prudent risk levels.
2 INVESTMENT GOALS
2.1 Targeted total return for the first 5 years should at least average 10% growth per annum. The realised income return for the 5 five years should be capitalised to help the investment to achieve the said growth return for the first five years.
2.2 Targeted income return from the starting of year 6 onwards should at least average 5% per annum. Given the growth in the initial 5 years, the average monthly income should be at least R200, 000.00 per month which is sufficient to sustain QMC members assuming that the consultancy business will be not functional.
2.3 Policy Benchmark: Overally, the performance of the QMF will be evaluated, on a risk-adjusted basis, against SAPOA/IPD SA Index. In the long run, the QMF diversification is expected to earn risk-adjusted returns that are comparable to the SAPOA/IPD SA Index.
2.4 The investment performance of the QMF will also be evaluated against FTSE/JSE Real Estate Investment Trusts (JSE: J863) and FTSE/JSE Real Estate Investment
STATEMENT OF INVESTMENT OBJECTIVES AND POLICY FOR THE QUANTUM MERUIT FUND
Approved by DC Fund Managers Board of Directors on 01 July 2011
Endorsed by Quantum Meruit Consultants on 05 July 2011
Fund Manager: Daniel Chinounye
INTRODUCTION
DC Fund Managers Private Limited is vested with the responsibility to manage a property portfolio for and on behalf Quantum Meruit Consultants (QMC). The DC Fund Managers Board has delegated the responsibility for overseeing the Quantum Meruit Fund (QMF) within the principles listed herein. This statement is effective until modified by the Board.
1. INVESTMENT OBJECTIVES
1.1 To guarantee capital growth for the R30 million rand investment for the first five years.
1.2 To guarantee regular income starting in 5 years’ time from June 2011. The income should be sufficient to sustain QMC member’s payroll.
1.3 To provide a maximum level of growth and return consistent with prudent risk levels.
2 INVESTMENT GOALS
2.1 Targeted total return for the first 5 years should at least average 10% growth per annum. The realised income return for the 5 five years should be capitalised to help the investment to achieve the said growth return for the first five years.
2.2 Targeted income return from the starting of year 6 onwards should at least average 5% per annum. Given the growth in the initial 5 years, the average monthly income should be at least R200, 000.00 per month which is sufficient to sustain QMC members assuming that the consultancy business will be not functional.
2.3 Policy Benchmark: Overally, the performance of the QMF will be evaluated, on a risk-adjusted basis, against SAPOA/IPD SA Index. In the long run, the QMF diversification is expected to earn risk-adjusted returns that are comparable to the SAPOA/IPD SA Index.
2.4 The investment performance of the QMF will also be evaluated against FTSE/JSE Real Estate Investment Trusts (JSE: J863) and FTSE/JSE Real Estate Investment