Why did funds’ returns double?
We recently noticed that the returns from the Old Mutual Income Fund and the Old Mutual Enhanced Income Fund seemed too good to be true. The normal quarterly returns for the Income Fund were about R5 800, while those for the Enhanced Income Fund were about R2 900. In March, the returns jumped to R11 500 and R5 300 respectively for the same amounts invested in each case. We have a number of income funds with other institutions and these have not suddenly doubled their returns.
Ken and Helen Wynne-Dyke