The DB Scheme has adopted a medium to long term view towards the investment of the Scheme assets, the minimum period being no less than three (3) years with the following primary investment objectives:
i. To maximize the long-term “real” return on the Scheme assets. To do this in a way that minimizes, to the extent practical, the possibility the Scheme assets (at their realizable value), at any one time, would fail to cover 100% of the total accrued liabilities;
ii. Subject to i) above, to ensure an optimum level of return within specified risk parameters and to do so effectively, prudently and in a cost-efficient manner, in full compliance with applicable laws and regulations.
These two primary investment objectives may be expounded thus: –

• Capital Preservation: The investment of the Fund’s assets will ensure the preservation of capital.
• Long-term Capital Growth:Capital growth with the avoidance of excessive risk over the long term. Short term volatility will be tolerated if appropriate considering the asset class and comparable market index. Return on investment: The attainment of the agreed investment performance deliverables against the accepted benchmarks over the investment period.
• Return on Investment: The attainment of the agreed investment performance deliverables against the accepted benchmarks over the investment period.
• Liquidity: An adequate level of liquidity will be maintained to enable the Scheme to meet its liabilities and obligations.
• Diversification: The investment portfolio will remain diversified to minimize the associated risks across asset classes, sectors and stocks.