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Top Performing Equity Funds

27 Oct 2015

Old Mutual Investors’ and Managed Alpha Equity funds are South Africa’s ONLY top-quartile general equity funds over 1-10 years

The Old Mutual Investors’ Fund and Old Mutual Managed Alpha Equity Fund are the only two South African General Equity funds that can boast a top quartile position over all annual periods up to 10 years! 
 
The Old Mutual Investors’ Fund, Old Mutual’s flagship general equity fund, managed by Peter Linley and Jonathan Larcombe has been steadily outperforming its peers for a number of years. It is clear that since taking over the management of the fund, a competitive, repeatable process has been built within Old Mutual Equities by Peter and his team, delivering compelling outcomes for their clients. Linley says “It’s about having a more holistic approach to picking stocks, while carefully constructing portfolios, both of which are critical in determining long-term success. We recognised the bursting of the Chinese growth bubble a number of years ago, which prompted us to reduce our exposure to mining at the time. Instead, we have preferred quality, growing businesses, such as Naspers, Steinhoff, British American Tobacco and Mediclinic.”

Grant Watson, joint head of the Old Mutual Customised Solutions boutique and portfolio manager of the Managed Alpha Fund says: “The Old Mutual Managed Alpha Equity Fund’s investment strategy, which focuses on profiting from the varying themes and emotions driving the market over time, has served investors extremely well.”

Both funds have four-star Morningstar ratings. To find out more please refer to their fact sheets:

 

Disclaimer:

Old Mutual Investment Group (Pty) Limited is a licensed financial services provider, FSP 604, approved by the Registrar of Financial Services Providers (www.fsb.co.za) to provide intermediary services and advice in terms of the Financial Advisory and Intermediary Services Act 37 of 2002. Old Mutual Investment Group is a wholly owned subsidiary of Old Mutual Limited. Reg No 1993/003023/07.

The investment portfolios are market linked. Products are either policy based or unitised in collective investment schemes. Investors’ rights and obligations are set out in the relevant contracts. In respect of pooled, life wrapped products, the underlying assets are owned by Old Mutual Life Assurance Company (South Africa) Limited, who may elect to exercise any votes on these underlying assets independently of Old Mutual Investment Group. In respect of these products, no fees or charges will be deducted if the policy is terminated within the first 30 days. Returns on these products depend on the performance of the underlying assets. Old Mutual Investment Group has comprehensive crime and professional indemnity insurance, as part of the Old Mutual Group cover.

For more detail, as well as for information on how to contact us and on how to access information, please visit www.oldmutualinvest.com.

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.

Unit Trusts are generally medium- to long-term investment. Fluctuations of a particular investment strategy may affect how a fund performs. The fund value may go up or down. Therefore, we cannot guarantee the investment capital or return of your investment. Past performance is no indication of future performance. The fees and costs charged for managing the investment are disclosed in the relevant fund’s minimum disclosure document or table of fees and charges, both available on our public website, www.omut.co.za or from the OMUT contact centre. The cut-off time for client instructions (e.g. buying and selling unit trusts) is at 15:00 each working day. These are also the times we value our funds to determine the daily ruling price.

Daily prices for Old Mutual Unit Trust Managers (RF) (Pty) Ltd (OMUT) funds are available on the OMUT public website and in the media. Unit trusts are traded at ruling prices, may borrow to fund client disinvestments and may engage in script lending. The daily price is based on the current market value of the fund’s assets plus income minus expenses (NAV of the portfolio) divided by the number of units on issue. Income funds derive their income primarily from interest-bearing instruments as defined. The yield is a current yield and is calculated daily. A fund of funds is a portfolio that invests in other funds which levy their own charges, which could result in a higher fee structure for the fund of funds.

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.

The Net Asset Value to Net Asset Value figures are used for the performance calculations. The performance quoted is for a lump sum investment. The performance calculation includes income distributions prior to the deduction of taxes and distributions are reinvested on the ex-dividend date. Performances may differ as a result of actual initial fees, the actual investment date, the date of reinvestment and dividend withholding tax. Annualised returns are the weighted average compound growth rates over the performance period measured. The actual highest, average and lowest 12-month return figures since inception to 30 September 2015 for the Old Mutual Investors’ Fund are 96.0% (highest), 20.3% (average) and -45.7% (lowest). The fund was launched on 01/10/1966.  The actual highest, average and lowest 12-month return figures since inception to 30 September 2015 for the Old Mutual Managed Alpha Equity Fund are 64.5% (highest), 17.9% (average) and -31.5% (lowest). The fund was launched on 23/12/1998. Market fluctuations and changes in rates of exchange or taxation may have an effect on the value, price or income of investments. Since the performance of financial markets fluctuates, an investor may not get back the full amount invested. Performances are in ZAR and as at 30 September 2015.

OMUT has the right to close a portfolio to new investors in order to manage it more efficiently in accordance with its mandate. Old Mutual is a member of the Association for Savings and Investment South Africa (ASISA).

Sources: Morningstar and Old Mutual Investment Group. October 2015

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