About the Manager and Strategy



Cannon Asset Managers’ Global Growth TFSA Bundle invests in growth assets. especially equities and real estate assets. outside of South Africa. The portfolio has complete flexibility in the allocation of assets in terms of countries. currencies and regions. It targets a long-term return of inflation plus six percent (CPI + 6%). The portfolio manager has full discretion in asset allocation between and within asset classes. countries and regions. The portfolio is required to hold at least 80% of its assets outside of South Africa. although the long-run strategic target is to allocate all investments globally and outside of South Africa. The strategic asset allocation favours capital growth assets and. in particular. equities and real estate. The exposure within the different asset classes is managed on a passive basis. which ensures holdings deliver efficient asset-class returns and costs are kept as low as possible. The primary goal of the TFSA bundle is to produce high capital growth over the longer term through exposure to global assets.


Cannon Asset Managers’ Global Growth TFSA Bundle invests in a portfolio of equities. property. bonds. commodities and cash. The TFSA bundle does not comply with the investment limits governing retirement funds (Regulation 28 of the Pension Funds Act). In the long run. the strategic allocation targets holding all investments outside of South Africa in offshore assets. There are no limits or constraints to the geographic allocation or currency allocation of the portfolio. Similarly. the portfolio may be aggressively managed. with underlying assets being shifted between different markets and various asset classes to reflect changing economic. political. business and environmental conditions. The manager has full discretion over asset allocation to maximise total returns over the long term.


Underlying Bundle Total Expense Ratio (TER) 0.43

Transaction Costs 0.13

Asset Management Charge 0.40

Effective Annual Cost (%) 0.96

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Bundle Information

RA Investable NO
Launch Date 2018/10/31
Benchmark CPI+6
Minimum Time Horizon 5 Years

Percentage and Performance


Management/Bundle Fee 0.40%
TER 0.83%
Estimated TC 0.13%
Estimated TIC 0.96%


* Performance quoted excludes management / bundle fee's
Jun 2022 -2.38%
Last 3 Months -9.67%
Last 6 Months -3.17%
YTD -10.97%
Last 12 Months -1.63%
Last 3 Years N/A
Last 5 Years N/A
Since Inception N/A

Bundle NAV


Since Inception 13.84%
1 Year Volatility 12.19%
3 Year Volatility 13.88%
Best Month 11.82%
Worst Month -8.8%
Maximum Drawdown -10.97%

Sector Allocation

Asset Allocation

Bonds 0%
Property 11.85%
Cash 13.34%
Local Equity 0%
Foreign Equity 74.81%


Here is a list of companies/ETFs that make up this bundle.