Welcome to our May Newsletter! It is a little early this month as we have so many holidays upon us. It seems everyone is already in a holiday mood and  looking forward to relaxing and taking next week off. It is difficult to do business next week so we have decided to close too.

Please note that our offices will be closed over the Easter period from Good Friday 22^nd April 2011 until Tuesday 3^rd May 2011. Easter fills us with happiness and joy. It is time to spend with loved ones and a time for hope and a renewal of the spirit. We wish all our friends and clients a Blessed Easter!

Fund Focus

Do you have funds languishing in a money market account fixed deposit or bank account? The current interest rate for money market accounts in South Africa is approximately 5% per annum.

We would like to draw your attention to the Marriott High Income Fund of Funds. The current yield on this fund is in excess of 8% per annum!

Marriott aims to reduce the financial anxiety of the retired investor by offering reliable and predictable income streams that can be tailored to suit income and income growth requirements.

The Marriott High Income Fund of Funds has, as its primary objective, a high income yield combined with the protection of the value of capital invested over the long term. The secondary consideration is growth in income. The fund benchmark is a yield comparable to the South African Bond Index yield.

An investment in this fund is actively managed in order to achieve the investor's income and growth in income expectations, with the potential for long-term capital growth. The fund also provides an investor with a reliable monthly income payment. The Marriott High Income Fund of Funds is an ideal component of a Living Annuity portfolio within any Annuity vehicle.

Risk Category: Moderately Conservative.

 Warm wishes for a wonderful Easter!