The Core Equity Fund aims to maximise performance within a reasonably tight tracking error constraint. It aims to be fully invested in South African equities on a consistent basis and is conservatively positioned in our best ideas, based on our team’s bottom-up stock-picking process. The fund invests in South African equities within a reasonably tight tracking error and is more conservatively managed than the Managed Equity Fund. Significant emphasis is placed on risk management relative to the FTSE/JSE Capped SWIX Index. The fund is available in segregated or pooled form and segregated mandates may be available with alternative benchmarks.