The Fund aims to balance a medium risk investment strategy by spreading its investments among ordinary shares, preferred stock, high yielding bonds, Bank deposits and offshore investments.
When compared to Apollo Equity Fund the Balanced Fund will typically perform better when the stock market is declining and worse when it is gaining.
This hybrid fund is suitable for investors with a moderate risk profile seeking a reasonable level of income and capital growth. Based on personal objectives clients who do not want the hassle of investing in a variety of products that need to be re-balanced at regular intervals are advised to invest for at least 3 years in order to derive ‘the best of both worlds’ as the fund’s portfolio is invested in a combination of equities and debt.
The minimum lump sum investment is Sh. 10,000 with additional top ups of sh. 5,000. Regular voluntary top ups can be made by cheque, direct cash deposit, direct debit order or standing order.
A 4 % one off charge known as an “initial/upfront fee” as well as a management fee of up to 2% annually.
*upfront fees do not apply for switches between Apollo Equity Fund and Apollo Balanced Fund
* The price of shares, and the income therefrom is the collective investment scheme pays dividends, may go down as well as up: and investors are reminded that in certain specified circumstances their right to redeem their shares may be suspended
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