|Investec Equity Fund|
|MANAGEMENT|| Fund Manager's Comment|
|Chris Freund, B Comm, B Compt (Hons), CA (SA), CFA|
|Chris is the head of South Africa Multi-Asset at Investec Asset Management and the lead portfolio manager for our General Equity Strategy. He joined the company in 2006 from Futuregrowth Asset Management, where he served as head of equities and portfolio manager from 2001. Chris joined RMB Asset Management in 1993, where he spent nine years as an analyst, portfolio manager and ultimately, director. During this time, he managed a number of portfolios, including balanced portfolios for many retirement funds as well as the RMB General Equity Unit Trust. Still with RMBAM, he relocated to Cape Town in 2000 to take responsibility for the PIC equity portfolio outsourced by Futuregrowth, before formally joining Futuregrowth in 2001.
Chris began his career in 1991, when after completing his articles, he joined JD Anderson as a banks/insurance analyst. Chris graduated from the University of Cape Town with a Bachelor of Commerce degree and holds a Bachelor of Computationis (Honours) (Certificate in Theory of Accounting) degree from the University of South Africa. Chris is a Chartered Accountant (SA) as well as a CFA Charterholder.
|Rhynhardt Roodt, B comm (Hons), MSc, CFA|
|In line with our commitment of promoting talent from within, Rhynhardt Roodt will start co-managing a portion of the SA general equity funds strategy. Rhynhardt is a co-portfolio manager on the General Equity Strategy. In addition he has dedicated analyst responsibilities for the resources sector and other multi-Asset strategies. Rhynhardt re-joined the firm in 2010 from Oryx Investment Management where he worked for two years as a research analyst and portfolio manager. Rhynhardt began his career at Investec Asset Management in 2004 and spent a year as a client service consultant and as an analyst in risk attribution and performance measurement team, before moving into equity analysis. Rhynhardt has been with Investec Asset Management for 8 years and has 10 years experience in the investment industry.
|Hannes Van Den Berg|
|FUND OBJECTIVES AND FOCUS|
The Investec Equity Fund aims to provide investors with capital growth over the long-term. The objective is to achieve returns well in excess of the FTSE/JSE All Share index, measured over three year periods.
The fund is actively managed and invests in South African equities. The mandate is not restricted to any specific investment style. The investment strategy is underpinned by extensive research focusing on three sector groupings: resources, industrials and financials. The focus is predominantly on individual stock selection. However, macro-economic considerations such as interest rates and the performance of the rand also play an integral part in constructing the portfolio.
|Sector Rank: 52 out of 137 |
(lump sum over 3 years to 31 July 2017)
|Overall Rank: 747 out of 1038 |
(lump sum over 3 years to 31 July 2019)
|R1000 invested on 31 July 2016 was worth R 1083 at 31 July 2019|
( 2.70% annual compound return)
|R100 per month since 31 July 2016 was worth R 3778 at 31 July 2019|
( 3.11% annual return compounded monthly)
|Formation Date:||01 NOV 1987
|Top Holdings on 31 July 2019|
|Share (Sector)||No.||Value||% of Fund|
|ANGLO (Mining)||1,689,302||680,112,985|| 7.42 %|
|AB INBEV (Beverages)||261,464||325,726,622|| 3.56 %|
|MRPRICE (General Retailers)||929,784||184,571,422|| 2.01 %|
|STANBANK (Banks)||3,106,109||610,878,457|| 6.67 %|
|U-INVMM (Money Market)||7,037,000||7,037,000|| 0.08 %|
|USA C (For Currency)||0||86,577,474|| 0.94 %|
|AFRIMAT (Construction - Materials)||646,390||20,684,480|| 0.23 %|
|CASH (Cash on call)||0||15,718,328|| 0.17 %|
|U-INVPROP (Property)||6,798,728||28,610,406|| 0.31 %|
|U-INVEMER (Smaller Co's)||2,986,150||34,074,654|| 0.37 %|
|NASPERS-N (Software - Computer Services)||267,480||914,653,210|| 9.98 %|
|MTN GROUP (Mobile Telecommunications)||1,492,990||159,376,683|| 1.74 %|
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.