Positive returns declared on all NFMW portfolios
NFMW-greetings
Investment returns declared by the fund have a direct impact on a members' retirement savings. This means that good investment returns will have a positive effect on their fund credit and negative returns will have the opposite effect.
We are very pleased to report that all the fund's investment portfolios ended the financial year on a positive note, despite market volatility experienced for the greater part of 2018.
| Portfolio | May 2018 | Cumulative YTD |
|---|---|---|
| Capital Protector | 0.48% | 8.06% |
| Stable Growth | 0.26% | 8.02% |
| Capital Growth | 2.47% | 9.06% |
| Aggressive Growth | 2.91% | 8.88% |
| Shari’ah | 1.85% | 8.73% |
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The latest benefit statements will be posted to members towards the end of August and a fund credit SMS will be sent to members who are registered for this service.
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You can read more on how the fund invests a member's fund credit in this edition and please feel free to contact us if you need assistance with any fund-related matter.
Kind regards
Sean Samons
Principal Executive Officer
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HOW IS A MEMBER’S FUND CREDIT INVESTED?
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Life stages
The fund applies a life stage model which automatically takes members through different investment portfolios i.e. aggressive to more conservative portfolios as they approach retirement age. The life stages are as follows:
- Members younger than age 55 - Aggressive Growth Portfolio
- Members aged 55 and older but younger than age 62 - Capital Growth Portfolio
- Members aged 62 and older - Stable Growth Portfolio
Member investment choice
The fund also allows flexibility in providing our members with the option to elect any of the following individual investment portfolio options available:
Risk profile: Aggressive risk profile, with a possibility of negative and volatile monthly returns over the short and medium term.
Asset types: Exposure to all asset classes, with high exposure to equities. Suitable for younger members, with more than 10 years before retirement, seeking to maximise long term capital growth.
Risk profile: Medium risk profile. Expect occasional negative monthly returns and short term volatility.
Asset types: Exposure to all asset classes. Suitable for members seeking long term capital growth with more than five years to retirement.
Risk profile: Cautious, expect low volatility. Positive returns over rolling 12 month periods, low probability of capital loss.
Asset types: Exposure to all asset classes. Suitable for members with fewer than five years to retirement, with low risk tolerance seeking returns that should outperform cash.
Risk profile: Conservative, expect positive, nominal returns on a monthly basis with low volatility.
Asset types: Exposure to RSA money market instruments. Suitable for members seeking capital security and protection against market downturn. Members close to retirement – with low risk tolerance.
Risk profile: Medium risk profile, with a possibility of negative monthly returns and short term volatility.
Asset types: Exposure to all asset classes. Suitable for members seeking an investment portfolio with Shari'ah compliant underlying investments.
It is important that members review their investment portfolios from time to time to ensure that they are still in line with their investment goals. Members can switch between the different portfolios, once during a fund year (1 July to 30 June) at no cost.
Members are encouraged to always consult a financial advisor regarding any investment decisions.
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<h3 class="panel-title">CONGRATULATIONS TO THE LUCKY WINNERS OF THE NFMW-LOGO COMPETITION!</h3>
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<p>Thank you to everyone who entered the NFMW-logo competition! The five lucky winners of an exclusive NFMW-hamper are:</p>
<ul><li>Glenore Marais</li>
<li>Bongani Makabane</li>
<li>Cheryl De Wee</li>
<li>Ansie Schwartz</li>
<li>William Ranchu</li>
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