Manager Research
all members of our manager research team have over ten years of investment experience.
Nedgroup Investments recently communicated to us that proposed changes to its fund range have been approved by the Financial Sector Conduct Authority (FSCA), following a formal ballot process.
As a result, on the 4th of June 2021, the investment policies of the following funds will be updated to include the use of derivatives (both listed and unlisted). We are comfortable with the changes made to the mandates on these funds and do not believe they will have a material influence on the way the funds are managed.
- Nedgroup Investments Rainmaker Fund
- Nedgroup Investments Core Bond Fund
- Nedgroup Investments Flexible Income Fund
- Nedgroup Investments Entrepreneur Fund
- Nedgroup Investments Bravata Worldwide Flexible Fund
In addition to these changes, and also on the 4th of June, the following funds will merge as proposed in the ballots.
| Merge from | Merge to |
| Nedgroup Investments Value Fund | Nedgroup Investments SA Equity Fund |
| Nedgroup Investments Growth Fund | Nedgroup Investments SA Equity Fund |
| Nedgroup Investments Private Wealth Small and Mid-Cap Equity Fund | Nedgroup Investments Entrepreneur Fund |
We previously commented on changes to these funds. Noting that the Nedgroup Investments SA Equity Fund will now be managed by Laurium Capital, that commentary can be found here.
In addition, we also commented on the Nedgroup Investments Private Wealth Small and Mid-Cap Equity Fund being merged into the Entrepreneur Fund and that commentary can be found here.
At the time, we noted some minor concerns that we had but we were eventually able to gain comfort on both mergers.
The purpose of this note is to inform our clients that these proposed changes have now been approved and will be implemented on the 4th of June 2021.
Nedgroup Investments – Fund Changes Confirmed
3 Jun 2021