Old Mutual Gold Fund
MANAGEMENT Fund Manager's Comment
Meryl Pick, BScEng (Chem), MBA
Meryl joined Old Mutual Investment Group in February 2012 and is responsible for coverage of gold, packaging manufacturers, heavy equipment distributors and logistics companies. She is also the portfolio manager of the Old Mutual Gold Fund. Prior to joining, she was a Business Efficiency Manager at ABSA for two years. Prior to this she held various positions within Unilever, including Process Engineering Manager. Meryl has four years of work experience in the asset management industry.
FUND OBJECTIVES AND FOCUS

The fund aims to offer superior returns over the medium to longer term through investment in the shares of companies involved in gold and other precious metals. This fund is suited to investors seeking capital growth over the long term, who have a particular view of gold and other precious metals and who can tolerate stock market and sector volatility. It invests in gold and other precious metals showing above average prospects for growth. No SA and offshore exposure limits will apply. Derivatives may be used for efficient portfolio management purposes. The fund aims to achieve long-term inflation-beating growth, and may hold a higher exposure to equities and offshore assets and a greater exposure to a single equity than what is allowed in terms of Regulation 28 of the Pension Funds Act. This fund is therefore not Regulation 28 compliant.


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WEBGRAPH
RANKING
SectorWorldwide-Equity-Unclassified
SizeR489,934,686
Sector Rank: 1 out of 1
(lump sum over 3 years to 31 July 2019)
Overall Rank: 1036 out of 1038
(lump sum over 3 years to 31 July 2019)
R1000 invested on 31 July 2016 was worth R 744 at 31 July 2019
( -9.40% annual compound return)
R100 per month since 31 July 2016 was worth R 5058 at 31 July 2019
( 21.17% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:05 FEB 1990 Holdings:10
Original Price:242.19 Pricing:Forward
Top Holdings on 31 July 2019
Share (Sector)No.Value% of Fund
ANGLD (Mining)800,573202,921,238 41.42 %
BARRICKLD (Basic Resources)140,19431,155,397 6.36 %
CASH (Cash on call)022,851,878 4.66 %
TOTAL R256,928,51352.44%

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