Manager Research
We provide detailed institutional-quality global investment manager research and fund ratings. Based in South Africa and the UK,
all members of our manager research team have over ten years of investment experience.
all members of our manager research team have over ten years of investment experience.
Research Comments
ABAX Income Team Update
7 Oct 2021
7 Oct 2021
Earlier this year we wrote a note highlighting the departure of Rashaad Tayob from ABAX. This note can be found here. Our conclusion then was that, despite Rashaad’s departure, ABAX remained a stable business with a long-standing fixed income process and philosophy. The remaining team was stil...
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Associated local fund ratings
Sanlam Investments & Absa Investments Transaction
7 Oct 2021
7 Oct 2021
This week, Sanlam announced that it had reached a deal with Absa which will result in Absa Financial Services Limited (AFS) exchanging its investment management business, Absa Investments (AFM), for a shareholding of up to 17.5% in Sanlam Investment Holdings Proprietary Limited (SIH), which is the p...
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Ballot on SIM Active Income Fund
23 Sep 2021
23 Sep 2021
Sanlam Investment Management (SIM) recently issued a ballot to investors seeking to change the investment policy of the SIM Active Income fund to invest in only South African assets. This is a change from the current investment policy which allows the fund to invest up to 30% in foreign assets. Whil...
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Associated local fund ratings
Coronation Optimum Growth - Fund Changes Approved
16 Sep 2021
16 Sep 2021
In June Coronation issued a ballot which sought to implement a change in the structure of the Coronation Optimum Growth Fund. We commented on the proposed change here.
Coronation have now confirmed that the ballot was successful with the conversion to a feeder fund structure taking place on the 15t...
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Associated local fund ratings
Rezco Funds Reviewed
2 Sep 2021
2 Sep 2021
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...
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Associated local fund ratings
Laurium Funds Reviewed
2 Sep 2021
2 Sep 2021
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...
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Associated local fund ratings
Sanlam Investment Management Fund Range Reviewed
19 Aug 2021
19 Aug 2021
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...
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Associated local fund ratings
Perpetua SCI Equity Fund Downgraded
6 Aug 2021
6 Aug 2021
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...
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Associated local fund ratings
Nedgroup Core Income Fund Rating Placed Under Review
6 Aug 2021
6 Aug 2021
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...
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Associated local fund ratings
18 Oct 2021