Finweek English Edition - - INVESTMENT -

Be­sides en­joy­ing strong perf or­mance over three and f i ve years, the f und has a Sharpe ra­tio of 1. 8%, which means that the re­turns for the amount of risk it takes are high. The fund is also sit­ting with 10% cash in to­tal, which Botha ac­knowl­edges is “higher than usual”. While this could act as a drag on re­turns in the short term, the fund will be able to take ad­van­tages of op­por­tu­ni­ties should there be a pull­back. The messy sit­u­a­tion re­gard­ing per­for­mance fees is avoided as the fund does not charge any.


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