Saving Towards Education
Children are a precious gift. Every parent wants the very best for their children, including securing a brighter future through access to good education.
With the cost of education rising each year, saving for a child’s future requires financial planning and discipline. It is important to consider the long term and begin investing as early as possible.
With Prowess, you have a choice of investment products that allows you to generate long-term wealth while creating intergenerational impact. As an Investor you have the discretion to decide how to invest, the time horizon of your investment and when to access your money depending on your needs and plans.
Prowess Money Market 27Four Fund
Investor Profile
For investors who are looking to save for a specific short-term goal, desire to achieve capital preservation, want to maximize interest income and are looking for high liquidity.
Fund Description
A money market fund that invests in a mix of short-term and high-quality issuers with high and stable earnings. The fund offers diversification by investing in fixed income securities that are designed to generate competitive returns that are higher than the Short-Term Fixed Interest Composite Index (STEFI) benchmark. This fund seeks to preserve capital and offers high liquidity as it can be converted to cash with ease when required. The fund offers regular interest income.
Fund Fact Sheets
- Prowess Money Market 27Four Fund – August 2024
- Prowess Money Market 27Four Fund – September 2024
- Prowess Money Market 27Four Fund – October 2024
Fund Managers
Minimum Investment
R500 monthly debit order or a lump sum of R5000
Prowess Capped Swix 40 27Four Tracker Fund
Investor Profile
For investors who wish to participate in the stock market with a long-term view to building wealth. The typical investor has a longer investment horizon and is not sensitive to short-term market fluctuations.
Fund Description
The fund tracks the FTSE/JSE Capped SWIX Top 40 Total Return Index and is designed to provide investors with income and capital growth in the medium to long-term. The fund invests in a diversified range of physical equity securities and sub-indices, closely following the composition of the underlying index. It can also use derivatives to gain synthetic exposure to the index. It builds a diversified fund with a low tracking error relative to the underlying index.
Fund Fact Sheets
- Prowess Capped Swix 40 27Four Fund – August 2024
- Prowess Capped Swix 40 27Four Fund – September
- Prowess Capped Swix 40 27Four Fund – October 2024
Fund Managers
Minimum Investment
R500 monthly debit order or a lump sum of R5000
Prowess Bond 27Four Fund
Investor Profile
For investors who take a long-term view and desire capital growth over the medium to long-term, achieving above inflation returns while providing a regular income stream.
Fund Description
The Fund aims to produce returns that are superior to the FTSE/JSE All Bond Index (ALBI) by seeking investment opportunities in the fixed income market that enhance yield and provide growth. The investment strategy combines a top-down strategic long-term market view with bottom-up security selection as performance enhancing strategies.
The Fund invests in a diversified range of fixed interest securities that have a good performance relative to the market. These include government; semi-government and corporate bonds; fixed deposits; money market; and other interest-bearing securities.
Fund Fact Sheets
- Prowess Bond 27Four Fund – August 2024
- Prowess Bond 27Four Fund – September 2024
- Prowess Bond 27Four Fund – October 2024
Fund Managers
Minimum Investment
R500 monthly debit order or a lump sum of R5000
Prowess Diversified Income 27Four Fund
Investor Profile
For investors who are looking to prioritise income in the form of interest income and dividend yielding investments. The goal is to achieve capital preservation, maximum interest income and high liquidity over the short to medium term.
Fund Description
The fund contains a diversified portfolio designed to produce excess returns above the Short-Term Fixed Interest Composite Index (STEFI) benchmark over the long-term. It is a Rand denominated, actively managed income fund, and targets investments in bonds or other fixed-income securities as well as preferred shares and dividend stocks. The fund can also access global assets to generate maximum income.
Fund Fact Sheets
- Prowess Diversified Income 27Four Fund – August 2024
- Prowess Diversified Income 27Four Fund – September 2024
- Prowess Diversified Income 27Four Fund – October 2024
Fund Managers
Minimum Investment
R500 monthly debit order or a lump sum of R5000
Prowess Balanced 27Four Fund
Investor Profile
For investors who take a medium to long-term view and wish to achieve capital growth and income by diversifying their risk across different local asset classes such as cash, fixed income securities and equities.
Fund Description
The fund combines a diverse range of investments and risk profiles and is designed to deliver a consistent performance against the benchmark. The portfolio is managed across various asset classes and invests in local equities, local bonds, and cash products. It is benchmarked on a combination of the STEFI, FTSE/JSE All Bond Index (ALBI) and FTSE/JSE All Share Index (ALSI) indices and aims to achieve long-term capital growth.
Fund Fact Sheets
- Prowess Balanced 27Four Fund – August 2024
- Prowess Balanced 27Four Fund – September 2024
- Prowess Balanced 27Four Fund – October 2024
Fund Managers
Minimum Investment
R500 monthly debit order or a lump sum of R5000
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