5/8/2020 12:00:00 AM

Fund Reviews: Diversified

Written by Bianca Fledderus,  Investment Analyst and Portfolio Manager 

Conservative

The Conservative Fund returned 2.14% during April, benefiting from its nearly 20% weighting in various Pie Funds products which performed well as markets recovered during the month.

We continue to hold 65% of our assets in term deposits yielding relatively good yields compared to where interest rates are currently. We will look to deploy funds selectively into fixed income opportunities and defensive equities as some of these term deposits roll off. Our allocation to fixed income is still minimal at ~3% of the fund, as we took some profits during the month. 

Past performance is not an indicator for future performance. This is not intended to be financial advice and does not take into account any particular person’s circumstances. Before relying on this information, please speak to an independent financial adviser. Pie Funds is the issuer of the Pie Funds Management Scheme. For access to the PDSs, please click here.

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