Old Mutual Namibia Income Fund
MANAGEMENT Fund Manager's Comment
Wikus Furstenberg, M Com (Economics)
Wikus manages a range of fixed interest portfolios, which include the Income Fund, Enhanced Income Fund, Namibia Enhanced Income Fund and the fixed interest component of the Real Income Fund. Wikus joined Old Mutual Investment Group in October 1999 as a fixed interest portfolio manager from ABN AMRO Securities. He started his career in the Economics Department of the South African Reserve Bank. In 1995, he joined ABSA Bank Treasury as a treasury economist and pursued this position until 1997.
FUND OBJECTIVES AND FOCUS

The fund aims to offer a high level of income, together with relative capital stability through a portfolio of Namibian and South African interest-bearing investments. It aims to pay out a high regular income without putting the investor's money at undue risk. It aims to achieve higher than money market returns by taking on marginally more risk. The fund invests in local interest-bearing investments including fixed and floating rate bonds and money market instruments. The average duration of the fund will always be less than two years, which contributes to its relative capital stability.


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WEBGRAPH
RANKING
SectorRegional-Namibian-Unclassified
SizeR590,392,828
Sector Rank: 18 out of 43
(lump sum over 3 years to 31 July 2017)
Overall Rank: 346 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1214 at 31 July 2017
( 6.68% annual compound return)
R100 per month since 31 July 2014 was worth R 4035 at 31 July 2017
( 7.30% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:13 JUL 1994 Holdings:49
Original Price:101.01 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
DERIVATIVB (Derivatives)0-3,861 -0.00 %
FOREIGN MMI (For Currency)0220,958,718 37.43 %
GC18 (Namibian Gilt)05,550,971 0.94 %
BONDS (Bond)022,257,043 3.77 %
NAMIBIA C (Cash on call)028,760,444 4.87 %
MM-05MONTH (Money Market)05,005,842 0.85 %
TOTAL R282,529,15747.86%

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