Old Mutual Financial Services Fund
MANAGEMENT Fund Manager's Comment
Tracy Brodziak, BBus Science (Finance); CA (SA); CFA Charterholder
Tracy is responsible for the fundamental analysis of the commercial banks. She is the fund manager for the Old Mutual Financial Services Fund. In addition, she also does analysis on the oil - gas sector. Tracy is an experienced analyst and brings unique insight into the financial sector. Her financial unit trust has been a consistent upper quartile performer. Prior to this, she was Sector Head: Financials in the Equity Research boutique. Tracy completed her articles at KPMG in the Financial Services Division before joining Old Mutual Investment Group in 2001, where she has analysed companies in the small cap, IT, food and pharmaceutical sectors. She started analysing the banks in late 2003.
Neelash Hansjee, CA(SA)
Neelash joined Old Mutual Equities in April 2014 to oversee banks and other financials. Neelash s background enables him to bring his strong analytical skills and global banking exposure to the fore. He joined us from Credit Suisse where he was the lead banking analyst. Prior to that, he spent three years as an equity analyst at JP Morgan and he began his career at EY where he qualified as a CA, specialising in financial services and retail sectors. Neelash has five years of work experience as an equity analyst.
FUND OBJECTIVES AND FOCUS

The fund aims to achieve long-term capital growth through well-researched and superior share selection in the financial sector. This fund is suitable for investors who want to achieve long-term capital growth and who have a particular view of relative market sector performance. The investor can tolerate the volatility associated with equity investments. The fund selectively invests in a broad range of financial shares, including banks, insurance and investment companies.


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WEBGRAPH
RANKING
SectorSouth African-Equity-Financial
SizeR672,133,934
Sector Rank: 5 out of 7
(lump sum over 3 years to 31 July 2017)
Overall Rank: 523 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1162 at 31 July 2017
( 5.13% annual compound return)
R100 per month since 31 July 2014 was worth R 3719 at 31 July 2017
( 2.10% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:01 OCT 1997 Holdings:17
Original Price:213.14 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
OLDMUTUAL (Life Insurance)095,770,260 14.25 %
CASH (Cash on call)024,480,544 3.64 %
TOTAL R120,250,80417.89%

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