|
|
| Old Mutual Mining and Resources Fund | |||||||
| MANAGEMENT | Fund Manager's Comment | ||||||
| Ian Woodley, B Eng (Hons), MBA, CFA | |||||||
| Ian joined Old Mutual Investment Group South Africa (OMIGSA) in April 2011. He is responsible for the diversified mining companies and non-mining companies such as steel, forestry and paper. He also manages the Mining and Resources and Gold Unit Trust Funds. As a qualified engineer, he started his career on the mines, before becoming a mining analyst. After that he moved to Stanlib (then Liberty), where he headed up their mining research and managed a number of retail and institutional mining and equity funds for over 11 years. Apart from managing resources funds, his later roles at Stanlib included Member of Exco, Head of Equities, Head of Research, Pension Fund Manager, and General Equity Fund Manager. Most recently, Ian was head of Stanlib's Specialist Equity franchise, responsible for R10.7 billion in assets under management. | |||||||
| FUND OBJECTIVES AND FOCUS | |||||||
The fund aims to offer superior returns over the medium to longer term by investing in mining and resources companies showing above average prospects for long-term capital growth. The fund invests in mining and resources companies showing above average prospects for growth. Up to 20% of the portfolio may be invested offshore. The fund aims to achieve its performance objectives through well-researched and superior share selection. | |||||||
| RANKING | |
| Sector | South African-Equity-Resource |
| Size | R1,038,962,803 |
| Sector Rank: 4 out of 9 (lump sum over 3 years to 30 June 2017) |
| Overall Rank: 796 out of 805 (lump sum over 3 years to 30 June 2017) |
| R1000 invested on 30 June 2014 was worth R 813 at 30 June 2017 ( -6.65% annual compound return) |
| R100 per month since 30 June 2014 was worth R 3733 at 30 June 2017 ( 2.35% annual return compounded monthly) |
| TECHNICAL OVERVIEW | |||||||
| Formation Date: | 01 JUL 1987 | Holdings: | 16 | ||||
| Original Price: | 248.7 | Pricing: | Forward | ||||
| Top Holdings on 30 June 2017 | |||
| Share (Sector) | No. | Value | % of Fund |
| SASOL (Chemicals) | 432,025 | 168,744,794 | 16.24 % |
| DERIVATIV (Derivatives) | 0 | 22,891,601 | 2.20 % |
| FOREIGNEQ (Foreign Invest) | 0 | 161,681,613 | 15.56 % |
| CASH (Cash on call) | 0 | 11,489,813 | 1.11 % |
| U-NEWPALL (Exchange Traded Funds) | 304,412 | 32,103,242 | 3.09 % |
| TOTAL | R396,911,063 | 38.2% |