The movements in global and local investment markets during 2023 have again reminded investors how important it is to have a robust investment portfolio solution. A well-constructed long-term investment portfolio strategy must be able to absorb the shocks of volatile markets and capitalise on the opportunities presented by sentiment and uncertainty. This is specifically true for retirement funds that represent the most significant component of the long-term savings of many South Africans.
Long-term capital growth in real terms Retirement funds in South Africa are required to adopt a default investment strategy for all fund members. This default investment strategy is also known as a life-stage model designed to ensure members are invested according to the investment risk they can afford based on how far they are from retiremen