Unrestrained worldwide exposure and ideal for the South African investor with a moderate to high risk profile and investment horison of 3-5 years
Description
The fund invests in a combination between South African and global markets and can vary this ratio without any prescribed jurisdictional limits. It may invest in local and offshore Equities, Precious Metals, Listed Property, Bonds, Money market instruments and derivatives to meet its investment objectives.
Objective
The fund aims to generate consistent moderate to high capital growth over the long term. The objective is also to outperform its benchmark on a risk adjusted return basis over any rolling 24-month period.
Strategy
The strategy focusses on active asset allocation as the main contributor of returns. Long standing cause and effect relationships between asset classes and financial indicators is monitored to determine the relative value of asset classes to cash and each other. Tactical decisions are balanced and weighted across multiple valuation disciplines.
Access
Return summary, net of fees
Steer FR Worldwide Flexible Fund, Class 1 · as at 31 July 2026 · annualised, except year to date which is cumulative
Year to date
1 year
2 years
3 years
Since inception
Source: Minimum Disclosure Document, net of the total expense ratio, all income reinvested. Past performance is not necessarily an indication of future performance.
Deepest fall, and the gain needed to recover
Steer FR Worldwide Flexible Fund, Class 1 · since inception · drawn to scale
Maximum drawdown is the largest fall from a peak to the following trough before a new peak is set. Recovery is arithmetic: a fall of d requires a gain of d ÷ (1 − d) to break even. Benchmark computed from Profile Data monthly series. Past performance is not necessarily an indication of future performance.
Risk-adjusted picture
Steer FR Worldwide Flexible Fund, Class 1 · since inception · against the passive global alternative
Volatility — lower is better
Return per unit of volatility — higher is better
Calmar ratio — return per unit of drawdown, higher is better
Volatility is annualised standard deviation. Return per unit of volatility is the annualised since-inception return divided by volatility; it is not a Sharpe ratio, as no risk-free rate is deducted. Calmar ratio is the three year annualised return divided by maximum drawdown, the basis used across the Steer range. Past performance is not necessarily an indication of future performance.
