For example, an investor may seek country diversification outside of South Africa or exposure to emerging markets.
Elize Botha, managing director of Old Mutual Unit Trusts, adds that other considerations that investors should take into account are minimum investment amounts and fees.
“Initial administration charges, advisor fees and ongoing performance fees will differ from fund to fund, with the specific benchmark used to measure fund performance.
“There is also usually a minimum investment required, which will range between funds and investment houses.”
Botha says that at the end of the day, if an investor is certain of what they are looking for, it is just a matter of finding the fund that best matches their specific objectives.
“This, however, is often easier said than done, and is not the type of decision that anybody takes lightly.
“An accredited financial planner can assist in setting realistic investment goals that are based on an investor’s individual circumstances and preferences, as well as being able to provide advice on which fund is best aligned to achieving these goals,” she concludes.