Matt joined African Harvest in December 1997. Prior to that he worked for 4.5 years with Coronation Asset Management, 7 years with SMA as Portfolio Manager. He has 9 years experience in money and capital market investment research.
FUND OBJECTIVES AND FOCUS
The fund aims to provide investors with a balance between capital growth and income over the medium to long term. It offers medium-risk, diversified exposure to equities and fixed interest instruments, managed in line with Regulation 28 of the Pension Funds Act. The fund places an emphasis on active stock selection, as well as sector and asset allocation. At this stage, the fund has no international exposure.
On the equity side, the investment approach focuses on identifying companies, which are priced below estimated intrinsic value. On the fixed interest side, the fund invests in SA interest-bearing securities, including bonds, loan stock, debentures, fixed deposits, money market instruments and cash.
The fund is suitable for investors seeking medium-risk, well-diversified exposure to the equity and fixed interest markets. As the fund complies with Regulation 28, it is also suitable for pension and provident funds and other institutional investors. It is a one-stop investment solution for investors looking for a long-term investment strategy.