Manager Research
all members of our manager research team have over ten years of investment experience.
We have recently completed ratings on the PSG global range of funds. PSG is a business which is developing quite quickly into a substantial market participant, showing strong growth in assets under management. Their range of SA funds is well established and the team has been relatively stable, particularly within the Flexible and Equity funds. Looking at their global funds however, we have a number of concerns and have concluded a Tier 3 rating on their Global Equity fund. This has been made somewhat more complex through some recent changes subsequent to our review. Henno Vermaak (up until now the portfolio manager) will be leaving PSG. Greg Hopkins, who has been assisting with the fund and is currently CIO of PSG, will take over management of this fund. In addition, Jan Mouton will be reducing his responsibilities within the business, phasing out of fund management by February 2016. He will retain his Chairmanship of the investment committee at this point. Shaun le Roux and Paul Bosman will take over management of the SA Flexible Fund, while Greg Hopkins and Phillip Worz will takeover management of the Global Flexible fund. These are all material changes, and as a result we now place the PSG Flexible Fund under review. We will post updates in due course.
Changes at PSG and Global Equity fund rating
23 Jun 2015