Urvesh is a portfolio manager and strategist at MacroSolutions, with his primary focus being the Global capabilities and the Conservative Balanced Fund capabilities. In addition, he contributes to MacroSolutions overall investment strategy.
Urvesh has been with MacroSolutions since the inception of the boutique. He previously jointly managed the Namibian multi-asset class portfolios. Prior to joining Old Mutual Investment Group, Urvesh performed various actuarial functions within Old Mutual Life Assurance Company of South Africa.
FUND OBJECTIVES AND FOCUS
The fund holds a portfolio of interest-bearing investments selected from bond markets across the world. This fund invests at least 80% of its assets (subject to regulatory and other forex constraints) in the Old Mutual Global Aggregate Bond Fund. A maximum of 20% is invested locally in the Old Mutual Money Market Fund.
This fund is suited to astute investors who have a particular view on the performance of global bonds relative to other asset classes. The investor understands the impact of currency and interest rate
cycles and accepts this risk in exchange for moderate long-term growth potential.
This is a moderately conservative risk fund (risk rating 2). It is exposed to interest rate fluctuations. When rates fall/rise, the bonds held by the fund will increase/decrease in value. 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 stock in the fund is used to reduce these risks. Your investment is exposed to fluctuations in the value of the rand versus other currencies. This can add to or diminish growth that local investors receive.