Data released by Standard & Poors Micropal shows that the Foord Balanced Fund is the top-ranked fund in the Prudential â€“ Asset Allocation â€“ Medium Equity sector over the year to date, 1, 2 and 3 year periods to 18 August 2006. Having been launched on 1 September 2002, the fund does not yet have a five-year track record. The Foord Balanced Fund is not just top-ranked; it has substantially out-performed the average fund return over all major reporting periods:
Year to date
Source: Standard & Poors Micropal
The Foord Balanced Fund was a winner in the annual Standard & Poors Micropal Fund Awards held earlier this year. At the time, the fund was first over a one year period to 28 February 2006 out of 27 funds. The Foord Equity Fund was a co-winner, placing first out of 46 comparable funds over the same period.
More information on the unit trust funds can be obtained from our websites www.foord.co.za and www.foordinternational.com
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An investment is a directional bet if it increases in value only if the underlying asset or market moves in a specific direction (i. e. either increases or decreases), e. g. a call or a put. The investor is making a bet on which way the underlying asset or market is going to move.