During a recent review of their investment offering, Sanlam Investment Management decided to close the SIM Inflation Plus Fund and only offer the SIM Moderate Absolute Fund to clients.
The reason being that these portfolios aim to achieve very similar objectives and are managed in a similar fashion. The main differentiator is the inflation target. The SIM Inflation Plus Fund targets a return of CPI +4% net of investment fees whereas the SIM Moderate Absolute Fund targets a return of CPI +5% gross of investment fees, with the result being similar.
No new investments into the SIM Inflation Plus Fund will be allowed from 1 April 2018.
This note highlights the differences between the two portfolios for your consideration. Click here to read more.