|Old Mutual Multi-Managers Equity Fund of Funds|
|MANAGEMENT|| Fund Manager's Comment|
| Kagiso Asset Management, 18%|
|Kagiso Asset Management is a fund management company, which is focused primarily on a quantitative investment style. The team comprises a group of highly skilled professionals who have significant expertise in applying leading-edge quantitative investment thinking and techniques.
Their products include specialist equity, bonds and cash portfolios, as well as products, which combine these asset classes, eg balanced funds. Specialist quantitative investment management is well established internationally and is a rapidly growing trend in South Africa.
Kagiso Asset Management is jointly owned by Coronation Fund Managers and the Kagiso Group (51%). The Kagiso Group, which is held by the Kagiso Trust, is a fast growing financial services company with an excellent commercial track record in various businesses. The Kagiso Trust provides strong social credentials, as well as a long legacy of delivery as a leading South African N.
Coronation Fund Managers brings excellent market knowledge and expertise, strong operational backing and is one of the largest fund managers in the SA asset management industry. It has a long-term track record of delivering superior performance and innovative products to clients. Coronation Fund Managers is wholly owned by Coronation Holdings, a prominent JSE listed company.|
| Abax Investments, 31.9%|
| Element Investment Management, 25.1%|
| Mazi Visio (Pty) Ltd., 25%|
|FUND OBJECTIVES AND FOCUS|
This is a domestic general equity fund aimed at outperforming its peer group in the long term. The equity mandates have a risk profi le similar to that of a typical domestic general equity fund and the volatility of the Fund is lower than that associated with a very aggressively managed equity portfolio. Capital depreciation is possible in the short term.
|Sector Rank: 88 out of 137 |
(lump sum over 3 years to 31 July 2017)
|Overall Rank: 894 out of 1038 |
(lump sum over 3 years to 31 July 2019)
|R1000 invested on 31 July 2016 was worth R 1021 at 31 July 2019|
( 0.71% annual compound return)
|R100 per month since 31 July 2016 was worth R 3539 at 31 July 2019|
( -1.11% annual return compounded monthly)
|Formation Date:||01 JUN 2001
|Top Holdings on 31 July 2019|
|Share (Sector)||No.||Value||% of Fund|
|U-OMMMEQ (General Equity)||18,159,565||34,357,896|| 16.22 %|
|CASH (Cash on call)||0||-137,945|| -0.07 %|
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.