Mandate Overview17 Feb 2020
The investment policy of the portfolio shall be to track the price and yield performance of the S&P 500® Index as closely as possible. The methodology employed by S&P uses US companies as a starting universe then filters according to size – Companies must have an unadjusted market cap of US$5.3 billion or more, Liquidity-Adequate liquidity and reasonable price and weighting-float adjusted market cap.