Glacier has many reasons to smile in June – a hundred million to be exact, as the Glacier Flexible AI Fund of Funds reaches the R100 million mark in portfolio size.
Launched in September 2018, the Glacier AI Fund was created to provide superior capital growth over the medium to long term within a flexible mandate, utilising artificial intelligence (AI). It’s poised to achieve a return of at least 5% above CPI measured over rolling three-year periods and will limit downside risk over the medium to long-term, although there might be volatility in the short term, of which investors must be aware.
So for investors seeking exposure to local and global stock markets to provide long-term capital growth, who have an investment horizon of five years or longer, and are comfortable with the local and global stock market and currency movements, the AI Fund ticks all the boxes.
‘We couldn’t have reached this milestone without our intermediaries, and are grateful for their continued support,’ says Leigh Köhler, Head of Glacier Invest. ‘While the machines that manage this portfolio continue to produce the results, the Glacier humans have many reasons to smile, and our intermediaries are definitely some of them.’