Daphne Botha, B Com (Hons), Diploma in Fin Markets
Daphne manages the money market and active bond fund portfolios. In addition, she trades fixed interest instruments and is responsible for risk monitoring and fund exposures and she oversees asset administration.
Daphne joined Futuregrowth in April 2001 from NIB Asset Management.
FUND OBJECTIVES AND FOCUS
The fund aims to maximise total returns through a balance of capital growth and income generation. The fund invests in bonds with a particular emphasis on reconstruction and development. The emphasis is on institutions and projects that contribute to the development of South Africa through programmes that have a meaningful social impact and are committed to development, community participation and support.
This is a medium to lower risk fund. The fund is exposed to interest rate fluctuations. Long-term bonds are more sensitive to rate changes, while short-term bonds experience more modest price movements. The holding of long and short-dated bonds in the fund is used to reduce these risks.