Orbis Investments has launched its third fund for the UK retail market, the Orbis OEIC Global Cautious fund, which will be available to invest in from £1.
The fund seeks to balance returns against the risk of loss with a bottom-up selection of global equities, fixed income and commodity-linked instruments, and will target growth on a three-year rolling basis.
It sits in the IA Targeted Absolute Return sector and aims to outperform its benchmark which is comprised of 30% MSCI World index and 70% JP Morgan Global Government Bond index hedged into sterling.
The Orbis OEIC Global Cautious fund will utilise the same fee structure as its counterparts in the rest of the range. Namely, it has no ongoing charges and employs a refundable performance fee structure.
Within this fee structure, investors pay only when the fund outperforms its benchmark and those payments are held in a reserve fund. When the fund underperforms, investors will receive a refund on those performance fees.
Led by Alec Cutler, director at Orbis Investments, the fund will initially be available on the Aviva and AJ Bell platforms, with a direct investment through Orbis available later this year. It will be available through other investment platforms, as well as financial advisers, as the year progresses.
Marcel Bradshaw, head of UK retail at Orbis Investments, said: "We are committed to serving retail and intermediary clients in the UK. The expansion of our suite of funds helps meet rising demand from investors and advisers for a lower-risk, diversified product and we are pleased to be able to offer options to suit a range of risk appetites.
"In these volatile and increasingly uncertain times, the challenge of balancing risk and reward is more difficult than ever. Our Global Cautious strategy aims to help investors with a low tolerance for risk meet this challenge through our time-tested approach to security selection and risk management."
He added: "In our new fund we continue to apply our consistently contrarian mindset, and our discipline to see our decisions through, which is what have stood us in good stead for three decades in our other strategies."