|Old Mutual Mining and Resources Fund|
|MANAGEMENT|| Fund Manager's Comment|
|Ian Woodley, B Eng (Hons in Mining Engineering), MBA, CFA Charterholder|
|Ian joined Old Mutual Investment Group South Africa (OMIGSA) in April 2011. He is responsible for the diversified mining companies and non-mining companies such as steel, forestry and paper.
He also manages the Mining and Resources and Gold Unit Trust Funds.
As a qualified engineer, he started his career on the mines, before becoming a mining analyst. After that he moved to Stanlib (then Liberty), where he headed up their mining research and managed a number of retail and institutional mining and equity funds for over 11 years.
Apart from managing resources funds, his later roles at Stanlib included Member of Exco, Head of Equities, Head of Research, Pension Fund Manager, and General Equity Fund Manager. Most recently, Ian was head of Stanlib's Specialist Equity franchise, responsible for R10.7 billion in assets under management.|
|FUND OBJECTIVES AND FOCUS|
The fund aims to offer superior returns over the medium to longer term by investing in mining and resources companies showing above average prospects for long-term capital growth.
This fund is suitable for investors seeking long-term capital growth through investment in a focused portfolio of listed mining and resources companies. The investor can tolerate stock market and sector volatility.
The fund invests in mining and resources companies showing above average prospects for growth and may gain exposure to foreign assets up to a maximum of 30% of its portfolio (with an additional 10% for African ex-SA investments). The fund aims to achieve its performance objectives through well-researched and superior share selection. Derivatives may be used for efficient portfolio management purposes.
The fund aims to achieve long-term inflation-beating growth, and may hold a higher allocation to equities 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.
|Sector Rank: 2 out of 9 |
(lump sum over 3 years to 31 July 2017)
|Overall Rank: 43 out of 1038 |
(lump sum over 3 years to 31 July 2019)
|R1000 invested on 31 July 2016 was worth R 1552 at 31 July 2019|
( 15.79% annual compound return)
|R100 per month since 31 July 2016 was worth R 4369 at 31 July 2019|
( 12.26% annual return compounded monthly)
|Formation Date:||01 JUL 1987
|Top Holdings on 31 July 2019|
|Share (Sector)||No.||Value||% of Fund|
|BHP (Mining)||516,984||187,318,813|| 15.14 %|
|FIRSTQUANTUM (Basic Resources)||490,716||65,027,182|| 5.26 %|
|RAUBEX (Construction - Materials)||453,100||8,812,795|| 0.71 %|
|CASH (Cash on call)||0||67,635,636|| 5.47 %|
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