Old Mutual Albaraka Equity Fund
MANAGEMENT Fund Manager's Comment
Saliegh Salaam, B Com, CFA, Co-Head of OMIGSA Quantitative Investments
Saliegh is responsible for driving the performance of the Shari ah funds and specialist equity (managed volatility and managed alpha) funds. He has been the lead fund manager and champion of Shari ah products (equity and multiasset) since 2007. In addition, Saliegh is also the lead fund manager on Old Mutual High Yield Opportunity Fund (managed volatility) and co-fund manager on managed alpha funds. Saliegh is the liaison for the Shari ah board and Shari ah product partners. Saliegh is a member of the boutique s Exco and Sales committee. Saliegh has 20 years of financial market experience encompassing the entire investment value chain, including dealing, equity analysis, portfolio management and leadership.
Grant Watson, BCom, MCom, MBA, CMMD, SAIS
Grant is the joint Boutique Head of Customised Solutions. This boutique has assets under management in excess of R100 billion. These assets comprise local and global investments across the investment spectrum. Grant is involved in driving the boutique investment process, developing and implementing the boutique strategy and managing various portfolios across the hedge fund, general equity, specialist equity and multi-asset class ranges. Grant has 21 years of financial market experience encompassing managing currency, derivative, hedge fund and multi-asset class portfolios. Grant began his career in the currency markets, trading currency derivatives on a proprietary basis for one of the large South African banks. Grant is a qualified stock broker and was a founder member of the team that set up one of the first hedge funds in South Africa in 1997. He joined Futuregrowth Asset Management in 2004, heading up their Alternative Investments business. Futuregrowth was acquired by Old Mutual Investment Group in 2008.
Warren Mcleod, BBusSc (Hons), BCom (Hons), MBusSc
Warren is responsible for constructing portfolios with a focus on risk management for the Quantitative Investments boutique. He also participates in the quantitative research, which is paramount to the success of the boutique s strategies. He was appointed as a Quantitative Analyst in 1998 and participated in quantitative research and building quantitative models. He worked closely with Old Mutual Investment Group s chief asset allocation strategist. Warren then joined the quantitative and risk unit when it was formed. He was responsible for the investment risk management and his duties included building quantitative models at a security level, risk management and quantitative research of all Old Mutual Investment Group s clients/products.
FUND OBJECTIVES AND FOCUS

The Old Mutual Albaraka Equity Fund is a Shari'ah compliant fund which provides investors with cost-effective access to a broad spectrum of JSE listed investments. The Fund is strictly managed in accordance with Shari'ah Law and therefore does not invest in shares that have an association with alcohol, gambling, non-halaal foodstuffs or interest-bearing instruments. The Shari'ah Supervisory Board assists in ethical issues and ensures that investments meet the stringent considerations of the mandate. The Fund is exposed to the movements and sensitivities of the equity market. The Fund also assumes mandate risk as its mandate precludes investments in non-Shari'ah compliant shares including financial shares and interest-bearing instruments.


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WEBGRAPH
RANKING
SectorSouth African-Equity-General
SizeR2,283,634,138
Sector Rank: 35 out of 121
(lump sum over 3 years to 31 July 2017)
Overall Rank: 553 out of 818
(lump sum over 3 years to 31 July 2017)
R1000 invested on 31 July 2014 was worth R 1152 at 31 July 2017
( 4.84% annual compound return)
R100 per month since 31 July 2014 was worth R 3837 at 31 July 2017
( 4.11% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:01 JUN 1992 Holdings:38
Original Price:100 Pricing:Forward
Top Holdings on 31 July 2017
Share (Sector)No.Value% of Fund
MONDIPLC (Forestry - Paper)252,95280,772,633 3.54 %
A-V-I (Food Producers)1,456,026160,978,235 7.05 %
CLICKS (Food - Drug Retailers)666,305120,687,825 5.28 %
OMGISLAMEF (Equities)0488,914,997 21.41 %
BARWORLD (General Industrials)401,70564,096,050 2.81 %
CASH (Cash on call)032,664,377 1.43 %
DATATEC (Software - Computer Services)1,402,34480,115,913 3.51 %
VODACOM (Mobile Telecommunications)909,469132,491,444 5.80 %
TOTAL R1,160,721,47450.83%

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