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The Role of Insurance and Financial Services

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From The Glossary »

World Wide Equity Fund:

The fund manager of the World Wide Equity Fund is mandated to invest between 40% and 60% of the portfolio in the South African market and the remainder in overseas assets. The fund comprises investment mainly in equities, but can also include fixed-interest investments and cash. The share component of the fund is a mixture of equities listed on the Johannesburg Securities Exchange and overseas stock exchanges.

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