Manager Research

We recently completed a full review of Rezco's investment capability. The outcome of this review is that the fund ratings have been retained at their current levels. A summary of these ratings can be seen in the table below:   Fund Fundhouse Rating Rezco Stable Fund Tier 1 R...

We have recently completed our review of the Laurium fund range. We have rated two of the manager’s funds – the Nedgroup Investments SA Equity Fund and the Laurium Flexible Prescient Fund.   Below, we provide a summary of our ratings on these funds.   Fund Prior Rati...

We recently concluded a review on Sanlam Investment Management’s (SIM) active range of funds. The outcome of this review is that the majority of the fund ratings have been retained at their current levels. The single change has been the adjustment in status for the SIM Top Choice Equity Fund f...

We recently reviewed the Perpetua SCI Equity Fund and have concluded on a Tier 2 rating. This represents a downgrade for the fund from its previous Tier 1 rating. While we remain positive on the fund, there are a number of items which underpin a more cautious outlook on the fund prospects. We share...

In the second quarter of 2021 Taquanta and Ngwedi Investment Managers announced that they had engaged in a transaction which effectively merged the two businesses. The combined entity will operate under the Taquanta brand with the key outcome of the deal being that the Ngwedi investment team has joi...

We recently concluded rating reviews across both the Futuregrowth and Foord fund ranges. We provide a summary of our views across both businesses below.   Futuregrowth:   The review covered ratings on both the Old Mutual Bond and Old Mutual Income funds, below we provide a short summar...

We have recently completed the review of the Orbis fund range. We have concluded two rating changes, with the Global Equity and Emerging Markets Equity funds changing from Tier 1 to Tier 2. The balance of the fund range remains the same:   Fund Name Prior Rating New Rating Orbis ...

Coronation recently issued a ballot to investors seeking to change the Coronation Optimum Growth Fund from a directly invested fund to a feeder fund. The fund currently invests directly in underlying securities across the asset class spectrum. The ballot will see this change to being 100% invested i...

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 updat...

Recently, Absa Fund Managers (AFM) announced that it was closing down its Absa Money Market Fund (AMMF). At the end of 2020, the Absa Money Market Fund was the third largest unit trust in South Africa with R 85bn in total assets and was only surpassed in size by the Allan Gray Balanced and Coronatio...