26 January 2016: Old Mutual has once again been recognised for its top performing Global Equity Fund at the 2017 Raging Bull Awards, held in Johannesburg last night.
For the fifth consecutive year, the Old Mutual Global Equity Fund was awarded top performance by a Domestic Collective Investment Scheme for the three-year period ending 31 December 2016 in the category Best (SA-Domiciled) Global Equity General Fund. The Fund also took home the award for the best performance on the basis of risk-adjusted returns by a Domestic Collective Investment Scheme for the five-year period ended 31 December 2016 in the category (SA Domiciled) Global Equity General.
Now in its 21st year, the annual Raging Bull Awards recognises excellence in the asset management industry’s unit trust sector, and honours the managers of funds which have consistently delivered returns for local retail investors.
Launched in May 1995, the Global Equity Fund currently has R10.7 billion of funds under management, and is currently top quartile over all periods from 1 year to 21 years and since inception. The Fund, managed by Ian Heslop, Amadeo Alentorn and Mike Servent has returned 27.0% per annum over the five years to end December 2016 compared to the MSCI World Index of 23.4% per annum over the same period, and 12.2% per annum over ten years to end December 2016 versus the Index at 11.6% per annum.
Elize Botha, Managing Director of Old Mutual Unit Trusts, says that receiving this award highlights Old Mutual’s wealth of specialist investment knowledge and the calibre of expertise held by the investment professionals and analysts at Old Mutual.
Denominated in rands, the Global Equity Fund provides South African investors exposure to the best ideas across global equity markets, and seeks to offer investors diversified exposure to quality assets across the globe. “With exposure to top quality international brands including Apple, Amazon, Pfizer, Verizon, Intel and Microsoft, the Fund is suited to those wanting to build their own solutions or add additional offshore exposure to their portfolios,” says Botha.
“We are honoured to be recognised by the industry and will remain committed to service excellence and consistency as we strive to continue delivering favourable returns for investors,” says Botha.
Hywel George, Director of Investments at Old Mutual Investment Group, adds: “We are exceptionally proud of this recognition of the depth of our global footprint and the skill of our teams at Old Mutual.”
More about the Old Mutual Global Equity Fund
About Old Mutual Unit Trusts
Old Mutual Unit Trust Managers (RF)(Pty)Ltd (OMUT) is a registered manager in terms of the Collective Investment Schemes Control Act 45 of 2002. The fund fees and costs that we charge for managing your investment is accessible on the relevant fund's Minimum Disclosure Document (MDD) or Table of fees and charges, both available on our public website, or from our contact centre. Some funds hold assets in foreign countries and therefore may have risks regarding liquidity, the repatriation of funds, political and macro-economic situations, foreign exchange, tax, settlement, and the availability of information. Please contact us for risks specific to each country. The Net Asset Value (NAV) to Net Asset Value figures are used for the performance calculations. The performance quoted is for a lump sum investment and in respect of the Old Mutual Global Equity fund. The performance includes income distributions prior to the deduction of taxes and distributions are reinvested on the ex-dividend date. Actual performance may differ as a result of actual initial fees, the actual investment date, the date of reinvestment and dividend withholding tax. Past performance is not a guide to future performance. Annualised returns are the weighted average compound growth rate over the performance period measured. The actual highest, average and lowest 12-month return figures since inception to 31 December 2016 are 75.0% (highest), 15.6% (average) and -40.3% (lowest). The fund was launched on 17/05/1995. Morningstar and Old Mutual Investment Group calculated the performance of the fund as at 31 December 2016. The Old Mutual Global Equity fund received a Raging Bull award on 25 January 2017. Full details and the basis for the award is available from OMUT. Old Mutual is a member of the Association for Savings & Investment South Africa (ASISA).