December Newsletter
Tuesday, 29 November 2011 12:23 |Fund performances
As we approach the end of the year it is perhaps an opportunity to assess unit trust fund performances over the past few years. There has been a lot of gloom and doom about the state of the world economy and the crisis in Europe. Clearly one does not want to minimize the extent of the crisis and there will continue to be uncertainty in the markets as we move into the New Year. But how have South African unit trust funds performed over the past few years?
Listed below are the performances of some of the funds that we regularly use in our portfolio construction. Although the results are mixed, investors have generally had positive returns.
(Figures supplied by Morningstar as at 31st October 2011)
Equity Funds
| Year to date | 1 year | 2 years | 3 years |
Allan Gray Equity Fund | 9.80%
| 14.60% | 14.29% | 17.81% |
Coronation Equity Fund | 1.99%
| 7.88% | 14.50% | 19.71% |
Nedgroup Investments Rainmaker Fund | 5.73% | 6.82% | 13.0% | 17.14% |
Old Mutual High Yield Opportunity Fund | 1.34% | 6.82% | 13.01% | 19.74% |
Balanced Funds
| Year to date | 1 year | 2 years | 3 years |
Allan Gray Balanced Fund | 11.47%
| 14.59% | 11.41% | 13.34% |
Coronation Balanced Plus Fund | 6.38% | 9.05% | 12.19% | 15.53%
|
Investec Opportunity | 2.73% | 9.41% | 13.93% | 19.63%
|
Nedgroup Investments Managed Fund | 6.55% | 8.34% | 9.70% | 14.28% |
Investment returns by their very nature are subject to risk. Past performance is not necessarily a guide to the future. The value of the investment may increase as well as decrease.
Christmas Shutdown
Our offices will be closed for the festive season from noon on Thursday 15th December 2011 and will re-open on Monday 9th January 2012. We wish all our clients and friends a blessed Christmas and a joyful prosperous New Year!
At Christmas let us all pray that the New Year will bring in, abundance of joy and peace.
Let the spirit of love and charity fill up our hearts.
Merry Christmas to all of you!
What is Christmas? It is tenderness for the past, courage for the present, hope for the future. It is a fervent wish that every cup may overflow with blessings rich and eternal, and that every path may lead to peace.
- Agnes M. Pharo
