Reasons to feel a little more optimistic

We remain optimistic about the return outlook for Coronation Capital Plus and Coronation Balanced Defensive over the next three to five years as both portfolios continue to hold healthy levels of growth asset exposure. With inflation expected to remain well within the South African Reserve Bank’s target band, and the bulk of the underlying asset classes within each portfolio expected to contribute positively (with the exception of cash and global bonds), we believe the funds are positioned to deliver on their respective real return targets (inflation plus 4% in the case of Capital Plus and inflation plus 3% in the case of Balanced Defensive).