The changes detailed previously to the Sanlam Blue Lifestage Strategy and SIM Balanced Fund have been concluded.
As a reminder the SIM Balanced Fund has been terminated and the portfolio has been replaced with a new portfolio, called the Sanlam Multi Asset Growth Fund within the Sanlam Blue Lifestage Accumulation phase. The SIM Balanced Fund in the member investment choice range of portfolios has also been replaced with the Sanlam Multi Asset Growth Fund.
Members invested in the SIM Balanced Fund as a member choice option, had an opportunity to select a new portfolio from the range of member investment choice portfolios on the Sanlam Umbrella Fund menu. Where no alternative election was made, members’ fund values in the SIM Balanced Fund were switched to the Sanlam Multi Asset Growth Fund.
The Sanlam Umbrella Fund offers a range of risk-profiled investment options ranging from passive, smoothed bonus, multi-managed and single manager balanced funds. Members may choose to invest in a maximum of four portfolios at a time and can switch between them free of charge.