David Shapiro, B Com CA (SA). Member of the SA Institute of Stock Brokers,
David Shapiro has been a stockbroker and investment expert for over 30 years. He began his career with Max Pollak and is presently Deputy Chairman of Sasfin Securities.
FUND OBJECTIVES AND FOCUS
The Sasfin BCI Equity Fund is a specialist equity portfolio with a "quality" bias and will consist of financially sound equity and property securities listed on exchanges and assets in liquid form. The portfolio aims to have a slightly lower risk profile than typical equity funds by mainly investing in shares with a low price to earnings ratio, shares trading at a discount to their net asset value and shares whose prices do not reflect future earnings potential. At all times at least 80% of the portfolio's investments will be in listed equity securities. The portfolio may from time to time invest in listed and unlisted financial instruments.