David joined Prudential Portfolio Managers SA, as Head of Fixed Income in January 2009. Prior to Prudential, he was the senior fixed interest portfolio manager in the London office of M-G Investments. David worked at Prudential in South Africa in 1999 and 2000, and was responsible for establishing our current fixed interest process. Before joining M-G, David worked for Hill Samuel Asset Management as a fixed income fund manager, managing both life and pension funds for a variety of clients. David graduated from the London School of Economics with a BSc in Economics and from Birkbeck College with an MSc in Economics. He is an Associate of the Institute of Investment Management and Research.
Gareth Bern, B.Bus.Sc., B.Com. (Hons), CA(SA), CFA
Gareth completed a B.Bus Sc [Finance] degree in 1999 at UCT and went on to complete a B. Com [Hons] degree in accounting in 2000, also at UCT. He then spent 3 years completing his articles at Ernst - Young, qualifying as a CA[SA] in 2003. After spending the early part of 2004 working in the asset management division of Ernst - Youngs New York office, he returned to South Africa, joining Prudential. Gareth has the following degrees, B.Bus Sc [Finance], B.Com [Hons] Acc. Gareth holds both the CA [SA] and CFA designations.
FUND OBJECTIVES AND FOCUS
The objective of the fund is to maximise income while securing a steady growth of capital. This is achieved by investing in a diversified portfolio of high-yield bonds in the South African market.
This fund is suitable for individuals that require a high level of income from their capital investment with relatively low risk.