multi-manager portfolios · total portfolio 100.00% jse assa all bond one- to three-year index...
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Multi-Manager Portfolios
Momentum Multi-Managed Fixed Income Portfolio
January 2021
Investment strategy Investment portfolio mandate
The underlying investments of this portfolio are actively-managed and allocated to local, income-generating investments, including cash, short-term, high-quality capital market instruments, listed property, fixed- and variable-rate interestbearing instruments and derivatives. A number of strategies are used to generate returns, including duration management, yield enhancements via credit exposure, as well as other risk management strategies.
The portfolio is aimed at maximising income and outperforming the South African cash and short-term bond market through a full interest rate cycle. The portfolio is further aimed at providing capital growth over the medium to long term as well as capital preservation over the shorter term.
Benchmark allocation
Asset Class Allocation BenchmarkTotal portfolio 100.00% FTSE/JSE All Bond One- to Three-year Index
Investment returns
One Month
Three Months
OneYear
Three Years
Five Years
Since Inception
Portfolio 0.62% 2.68% 7.32% 8.35% 8.84% 8.31%Benchmark 0.17% 0.33% 10.65% 9.06% 9.21% 7.75%
Risk analysis
(Calculation based on five-year period) Portfolio Benchmark Volatility 1.1% 2.3%Maximum drawdown -1.0% -0.5%Worst month -1.0% -0.5%Best month 1.5% 4.1%
Cumulative investment returns for five yearsPortfolio Benchmark
The asset management fees exclude performance fees where applicable, as well as investment-management fees recovered by the underlying investment managers within the portfolio.
Comments
Investment portfolio informationInception DateInvestment Horizon
Risk Profile
May 2012Short to medium term
Asset Management Fee 1.00% p.a.
One Month One Year WeightingLocal Investment managersMomentum Asset Management 0.62% 7.32% 100.0%Total 100%
Investment manager allocation and returns