Protected Growth Fund
Description of the Fund
The Metropolitan Protected Growth Fund is a fully discretionary portfolio. The fund provides capital guarantees and has a real return performance objective. Investments are diversified across a range of domestic asset classes. The fund is structured to comply with Regulation 28 of the Pension Funds Act.
Fund Objective
The fund guarantees capital for benefit payments and over a calendar quarter, while aiming to provide stable real returns over the longer term. The formal performance objectives are:
Target CPI + 3% pa over a rolling 3 year period.
Provide a guaranteed minimum return of 0% over a calendar quarter (ending on 31 March, 30 June, 30 September and 31 December) on the total invested amount.
Provide a capital guarantee for benefit payments during a calendar quarter
All performance objectives are gross of investment fees.
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