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Alberton Hospital

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From The Glossary »

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Prudential Funds:

Prudential funds have to conform to legislation governing retirement funds (regulation 28 of the Pensions Fund Act) which lays down certain guidelines. The act restricts their exposure to equities to 75 percent of total assets, in order to reduce the risk and volatility of these funds. Prudential funds aim for a balance between income and capital appreciation, while maintaining a moderate level of risk. Fund managers have to make two choices; which ...
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