The low-equity category is still substantial, with R219bn under management. There is clear demand for funds which provide a good balance of capital protection and capital gain. With up to 40% in equities, the funds can provide growth as well as income.

However, the category was recently overtaken by the more conservative multi-asset income funds...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now