Investec Namibia Managed Fund
MANAGEMENT Fund Manager's Comment
Chris Freund, B Comm, B Compt (Hons), CA (SA), CFA
Chris is the head of South Africa Multi-Asset at Investec Asset Management and the lead portfolio manager for our General Equity Strategy. He joined the company in 2006 from Futuregrowth Asset Management, where he served as head of equities and portfolio manager from 2001. Chris joined RMB Asset Management in 1993, where he spent nine years as an analyst, portfolio manager and ultimately, director. During this time, he managed a number of portfolios, including balanced portfolios for many retirement funds as well as the RMB General Equity Unit Trust. Still with RMBAM, he relocated to Cape Town in 2000 to take responsibility for the PIC equity portfolio outsourced by Futuregrowth, before formally joining Futuregrowth in 2001. Chris began his career in 1991, when after completing his articles, he joined JD Anderson as a banks/insurance analyst. Chris graduated from the University of Cape Town with a Bachelor of Commerce degree and holds a Bachelor of Computationis (Honours) (Certificate in Theory of Accounting) degree from the University of South Africa. Chris is a Chartered Accountant (SA) as well as a CFA Charterholder.
James Hatuikulipi, BCom(UNam)
James is the Managing Director of Investec Asset Management Namibia. In addition, he is a member of the growth equity team. James joined the company in January 2006 from Alliance Capital where he served as portfolio manager from 2000. Prior to that, he worked as an investment analyst at Metropolitan Namibia and HSBC Securities Namibia. James holds a Bachelor of Commerce degree from the University of Namibia and a Bachelor of Commerce Honours (Investment Analysis and Portfolio Management) from the University of Cape Town.
FUND OBJECTIVES AND FOCUS

The Investec Managed Fund Namibia invests conservatively in a spread of the key asset categories: equities, bonds and cash, with the objective of providing steady long-term capital growth. The fund may invest up to 65% of its assets in South African shares, and its equity exposure may not exceed 75%. The fund is suitable for those investors who seek to invest in a moderate risk profile, balanced fund that complies with Namibian Exchange Control regulations and Pensions Fund Act ie, a minimum of 25% of the fund is to be invested in fixed income or money market instruments at any one time. This fund is therefore suitable for Pension and Provident Funds.


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WEBGRAPH
RANKING
SectorRegional-Namibian-Unclassified
SizeR2,416,550,056
Sector Rank: 10 out of 43
(lump sum over 3 years to 31 July 2017)
Overall Rank: 272 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1229 at 31 July 2017
( 7.11% annual compound return)
R100 per month since 31 July 2014 was worth R 3832 at 31 July 2017
( 4.02% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:02 MAY 1997 Holdings:53
Original Price:105 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
SASOL (Chemicals)92,96539,805,754 1.65 %
RICHEMONT (Personal Goods)416,86146,584,217 1.93 %
NASPERS-N (Media)36,476125,878,676 5.21 %
DERIVATIV (Derivatives)027,650,480 1.14 %
STANBANK (Banks)331,53664,868,334 2.68 %
INVGSFGLOBAL (Equities)2,314,978748,928,008 30.99 %
BONDS (Bond)021,753,961 0.90 %
BARWORLD (General Industrials)211,02933,671,787 1.39 %
NAMIBIA C (Cash on call)0166,324,046 6.88 %
MONEYMARK (Money Market)0-28,997,933 -1.20 %
U-INVPROP (Property)8,685,60352,365,501 2.17 %
U-AFRIPAL (Exchange Traded Funds)534,59068,881,922 2.85 %
TOTAL R1,367,714,75356.59%

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