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0.1  /  0.09%

110.94

NAV on 2021/03/01
NAV on 2021/02/26 110.84
52 week high on 2020/12/31 112.08
52 week low on 2020/04/03 108.51
Total Expense Ratio on 2020/12/31 1.13
Total Expense Ratio (performance fee) on 2020/12/31 0
NAV
Incl Dividends
1 month change -0.19% -0.19%
3 month change -0.36% 0.87%
6 month change -0.42% 2.17%
1 year change -0.23% 5.99%
5 year change 0.37% 7.71%
10 year change 0.02% 6.67%
Price data is updated once a day.
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  • Sectoral allocations
Fixed Interest 151.02 50.27%
Gilt 4.59 1.53%
Liquid Assets 21.72 7.23%
SA Bonds 9.65 3.21%
Offshore 113.44 37.76%
  • Top five holdings
U-INVHINC 151.02 50.27%
GC24 4.59 1.53%
  • Performance against peers
  • Fund data  
Management company:
Ninety One Fund Managers SA (RF) (Pty) Ltd.
Formation date:
2000/05/11
ISIN code:
ZAE000024469
Short name:
N-INVHINC
Risk:
Unknown
Sector:
Regional--Namibian--Unclassified
Benchmark:
STeFI Composite
  • Fund management  
Vivienne Taberer
Vivienne is an investment specialist and portfolio manager in the Global Emerging Market Debt team at Ninety One where she is responsible for Latin American bond and currency markets. Prior to joining the firm in 2002, Vivienne worked at Standard Bank in London for seven years, initially specialising in South African fixed income before moving into sales and trading across the whole spectrum of emerging market debt. Prior to this, she worked at Mizuho International in London and First National Bank trading South African bonds, bond options, FRAs and swaps. Vivienne graduated from the University of the Witwatersrand with a Bachelor of Commerce degree and a Bachelor of Laws degree, and has completed the London School of Business Investment Management Programme.
Investec Emerging Markets Fixed Income Team
Malcolm Husselman
Malcolm is a portfolio manager in Ninety One’s SA & Africa Fixed Income team. His focus is on our Namibian fixed income portfolios and providing coverage for Namibian credits. Prior to joining the firm he was a portfolio manager responsible for fixed income at Old Mutual Investment Group Namibia. Before that he was a quantitative analyst at Bank of Namibia. Malcolm has a Bachelor of Commerce degree in Information Systems from University of Cape Town and is a CFA Charterholder.


  • Fund manager's comment

Investec High Income Namibia Fund comment - Jun 10

2010/09/10 00:00:00
Policy makers find themselves at a cross road: immediate implementation of stringent austerity measures to address the monetary overhang versus continued support to consumers and companies until the recovery is more entrenched. The major economic regions have adopted vastly different approaches. The US favours further support until there is sufficient evidence of a sustainable recovery. The UK and Germany have adopted a policy of economic austerity. The Chinese, having fuelled their economy with cheap credit over the past few quarters, are now becoming somewhat more cautious. The prospect of a substantially lower growth trajectory in the second half of the year seems increasingly likely. We have noted before that the recovery in the mining sector will be the anchor for the expected 4% GDP growth this year, the diamond industry's latest data indicated that it is starting to sparkle again with production for the first 5 months of 2010 totalling 580,000 carats, which is more than half of 2009 production. The Namibian Stock Exchange (NSX) Overall Index was down 10.6% over the quarter. The resources and financials stocks were down 15.4% and 9.7% respectively for the quarter, although Sanlam managed to have a positive 3 month return of 10.2%. The NSX Local Index was up 1.8% for the quarter. Both bonds and cash had positive returns for the quarter, with the IJG Bond Index being up 1.9% and the IJG Money Market Index (including NCD's) up 1.8%.
  • Fund focus and objective  
The Ninety One Namibia High Income Fund aims to maximise income and grow capital. The fund targets returns in excess of the benchmark, measured over rolling one year periods.
The fund invests in high-yielding Namibian and South African fixed-income assets, including government and corporate bonds, fixed deposits and money market instruments. The fund is actively managed and the maximum average duration of assets is two years.
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