WHY WOULD CON­SIDER ADDING IT

Finweek English Edition - - FUND IN FOCUS -

The fund has out­per­formed its hefty bench­mark of an­nu­alised growth equal to five per­cent­age points above con­sumer price in­fla­tion (CPI) since its in­cep­tion in Novem­ber 2005. The fund also has a 25% ex­po­sure to off­shore eq­ui­ties which in­cludes large Amer­i­can cor­po­rate names, mak­ing it an ad­di­tional rand hedge. The only draw­down is a rel­a­tively high to­tal ex­pense ra­tio of more than 4%, but this is at­trib­ut­able to the fund’s good per­for­mance, which pushes up its per­for­mance fees.

ed­i­to­rial@fin­week.co.za

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