The First Mutual Wealth balanced fund aims to build wealth within a moderate risk investment. The fund offers the opportunity for both capital growth and income maximisation. The fund invests in listed equities, bonds and money market instruments. Income is earned from interest on bond and money market instruments as well and dividends declared on equities held. Returns are likely to be less volatile than those of an equity only fund. The asset classes that the funds is invested into includes equities, bonds and money market instruments.
The portfolio mix will vary from time to time depending on the prevailing market conditions and economic fundamentals.
The balanced fund is suitable for investors with a moderate risk tolerance level and are willing to adopt a medium term investment horizon.
The minimum investment period is 1 year. The Fund Manager however recommends a medium to long term investment period of 3 to 5 years.
Minimum investment is $200.00 with minimum top up amounts of $20.00 thereafter.
Income is paid every quarter.