First Meridian Cautious Balanced Fund aims to preserve capital value whilst achieving a consistent total return.
The fund employs a top down approach, which aims to ensure effective diversification of risk. The fund invests into well-established collective investment schemes and exchange traded funds; equities; direct bonds and other yielding securities, with a fixed income and absolute return mandate.
Risk is reduced by limiting equity exposure to a maximum of 30%, ensuring all underlying holdings have daily liquidity, and using a diverse range of different strategies across the fixed income universe.
The portfolio will be actively managed according to the Investment Advisor’s view of changing economic, political and market conditions.