Website:http://www.discovery.co.za/
Discovery Flexible Property Fund key facts
Discovery Escalator – Discovery Flexible Property Fund
05 November 2007
The investment objective of the fund is to provide investors with unlimited growth
potential but also with protection against downward market moves.
The Discovery Escalator Fund is calculated with reference to an apportionment
between the Discovery Flexible Property Fund and cash. The ratio between the two
assets is dynamically adjusted on a daily basis.
As the unit price of the Discovery Flexible Property Fund increases the
apportionment to this asset increases and vice versa. This rebalancing is done
automatically based on a mathematically defined algorithm managed by Discovery
Life and Deutsche Bank.