Momentum Balanced Fund
MANAGEMENT Fund Manager's Comment
Wayne McCurrie, BCompt; CA (SA)
Wayne joined the RMB Asset Management investment team as an investment professional from 1 March 2008. He started his career in the financial industry in 1988, when he joined Lifegro Limited as a management accountant. Lifegro was taken over by the Momentum Group in 1989 where Wayne stayed until being incorporated into RMB Asset Management in 1994. He left RMB Asset Management for Sage in 2002 and joined the FirstRand Group again in 2004 as Managing Director of Momentum International Multi-Managers. Wayne is currently responsible for managing the RMB Unit Trusts Balanced Funds.
Herman van Papendorp, M Com (Econometrics) (Cum Laude)
Herman has worked in financial markets for the last 22 years as bothan economist and investment strategist. He was chief economist at BoE Securities in the late 1990s and then spent time as investment strategist at ING Barings, Citigroup and Renaissance Capital (BJM Securities). He was South Africa s Economist of the Year in 1998 and has been rated in the top five of the Financial Mail Investment Analyst ratings during most of his career, holding the number one or number two investment strategist position a number of times. Herman joined Momentum Asset Management s Core Strategies team in May 2013, where he heads up macro research and asset allocation.

The Momentum Balanced Fund aims to provide the investor with a moderate income and high to long term capital growth. The portfolio confirms to regulations governing retirement portfolio investments and will comply with Prudential investment guidelines. In order to achieve its objective, theinvestments normally to be included in the portfolio may comprise a combination of assets in liquid form, money market instruments, corporate debt, equities, bonds, property securities, prefernce shares, convertible equities, derivatives, non-equity securities and any other securities which are considered to be consistent with the portfolio's primary objective and the Act or the Registrar may allow from time to time, all to be acquired at fair value. The portfolio may from time to time invest in financial instruments in order too achieve the portfolio's investment objective. The manager may also include unlisted forward currency, interest rate and exchange rate swap transactions. The manager may also invest in participatory interests or any other form of participation in portfolios of coollective investment schemes or other similar collective investment schemes as the Act may allow from time to time, and which are consistent with the portfolio's investment policy. Where the aforementioned schemes are operated in terrirtories other than South Africa, participation in portfolios of these schemes will be included in the portfolio only where the regulatory environment is of sufficient standard to provide investor protection at least equal to that in South Africa. The Trustee shall ensure that the investment policy is adhered to.

Click here to Download CSV
SectorSouth African-Multi Asset-High Equity
Sector Rank: 12 out of 148
(lump sum over 3 years to 31 July 2019)
Overall Rank: 366 out of 1038
(lump sum over 3 years to 31 July 2019)
R1000 invested on 31 July 2014 was worth R 1180 at 31 July 2017
( 5.66% annual compound return)
R100 per month since 31 July 2014 was worth R 3907 at 31 July 2017
( 5.26% annual return compounded monthly)
Formation Date:01 FEB 1995 Holdings:80
Original Price:100 Pricing:Forward
Top Holdings on 31 July 2019
Share (Sector)No.Value% of Fund
SASOL (Chemicals)292,261108,808,770 2.42 %
U-RMBGILT (Gilt)441,515,508695,947,650 15.46 %
BATS (Tobacco)189,613160,338,649 3.56 %
WOOLIES (General Retailers)848,60851,111,660 1.14 %
FUTURES M (Derivatives)5,257,9305,271,422 0.12 %
STANBANK (Banks)727,524115,348,930 2.56 %
U-RMBMM (Money Market)151,391,178152,498,639 3.39 %
USA C (For Currency)0110,781,337 2.46 %
ASPEN (Pharmaceuticals - Biotechnology)217,00566,186,525 1.47 %
REMGRO (General Industrials)483,29899,288,741 2.21 %
CASH (Cash on call)089,632,180 1.99 %
O-EQUIT (Offshore Intern)32,053,543779,223,849 17.30 %
U-RMBPROP (Property)22,011,40896,921,072 2.15 %
U-RMBAFRI (International)9,355,6347,074,075 0.16 %
U-NEWLD (Exchange Traded Funds)329,20254,364,418 1.21 %
NASPERS-N (Software - Computer Services)52,117152,270,239 3.38 %
MTN GROUP (Mobile Telecommunications)362,10744,894,026 1.00 %
TOTAL R2,789,962,18261.98%

Send e-mail to
© 2019 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.