Qualifications: BCom PGDA CA (SA) Razeen joined Momentum Asset Management s unconstrained team in September 2012 as an analyst for local and global equities. He has more than 12 years experience in the asset management industry. Before joining Momentum Asset Management, Razeen was an investment analyst at Regarding Capital Management and Allan Gray.
FUND OBJECTIVES AND FOCUS
The fund aims to provide investors with a high level of dividend income over the short term and maximum capital growth over the medium to long term. It seeks out companies that trade significantly
below their intrinsic market value ( deep value' opportunities). The fund's objectives are long term in nature, with bottom-up stock selection driving performance and income levels.
The investment team uses a rigorous bottom-up approach to value investing. Regular and systematic screening of the investment universe is vital in our investment process as it feeds idea generation.
We actively search for opportunities trading at deep discounts to intrinsic value, coupled with high dividend yields and strong balance sheets. Such opportunities typically emerge when share prices
overreact to negative news-flow about a company's near term prospects. A thorough fundamental evaluation is performed on each opportunity. This helps to filter the value investments' from the value
traps'. The fund aims to be positioned in the best of these value opportunities and will typically display a high degree of concentration in the top 10 holdings.