The Investec Value Fund aims to provide investors with capital growth over the long-term. The objective is to achieve returns well in excess of the FTSE/JSE All Share index, measured over three year periods.
The fund invests in value shares, which are equities trading at a discount to their fair value. The fund manager seeks value by selecting South African shares whose ratings are low relative to their historic performance, their earnings potential, their net asset value, or the ratings of other shares in the same sector. The fund also favours equities with attractive dividend yields and strong cash flows that are undervalued by the market.
* A fund with a proven track record and investment style that delivers top performance over the long-term. * Outperformance of the broader stock market over the medium and long-term, due to superior value-based stock selection.
* A specialist equity fund for investors who want exposure to value shares.
* Provides portfolio diversification from other investment styles, helping to reduce market downside.