Skip Ribbon Commands
Skip to main content
South African Reserve Bank

Investment Management Framework 

The investment objectives and prescribed risk parameters as outlined in the investment policy form the basis for defining the investment universe from which the strategic asset allocation is derived.  The risk parameters are formulated into investment guidelines which prescribe the risk limits for each asset class market and instrument type that the foreign exchange reserves may be invested in.
As a result each portfolio manager is responsible for: 
  • Economic research and data gathering.
  • Fundamental, quantitative and technical analysis.
  • Economic view formulation and developing market hypotheses.
  • Formulate investment strategies.
  • Portfolio construction and security selection.
  • Trade execution.
  • Portfolio risk management.
Sign In
Investment Process Help (new window)