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5.18  /  0.18%


NAV on 2019/07/23
NAV on 2019/07/22 2913.14
52 week high on 2018/09/05 3374.43
52 week low on 2019/01/04 2570.49
Total Expense Ratio on 2019/03/31 2.09
Total Expense Ratio (performance fee) on 2019/03/31 0
NAV Incl Dividends
1 month change -3.29% -3.29%
3 month change -2.09% -2.09%
6 month change 7.48% 7.48%
1 year change -0.61% -0.61%
5 year change 12.21% 12.23%
10 year change 18.41% 18.51%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets 344.80 2.06%
Offshore 16388.26 97.94%
  • Top five holdings
APPLE 279.96 1.67%
MICROSOFT 236.35 1.41%
AMAZON.COM 198.85 1.19%
VISAINCORPORA 198.75 1.19%
WALTDISNEY 163.05 0.97%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
MSCI World index
Contact details




  • Fund management  
Ian Heslop
He joined the Old Mutual Group as a fund manager in 2000 and specialised in the global technology and biotechnology sectors. Prior to that, he worked at Barclays Global Investors, where he was a UK quantitative fund manager for three years.
Ian joined Old Mutual Global Investors in 2004. He is Head of the Global Equities team, which manages a number of retail funds, hedge funds and segregated mandates.
Amadeo Alentorn
Amadeo joined the Global Equity team at Old Mutual Global Investors in January 2005. He is a fund manager, and as Head of Research, he is responsible for directing the investment research conducted by a team of in-house analysts and external academic advisors.
Prior to joining Old Mutual Global Investors, he was a researcher at the Bank of England, developing simulation models for systemic and liquidity risk. Prior to this, he worked as a software developer for CAD systems and for robotic applications. Amadeo has over nine years of experience in the industry.
Mike Servent
Mike joined the Global Equity team at Old Mutual Global Investors in November 2004. He is a fund manager, and as Head of Systems is responsible for maintaining the investment platform and systems employed by the team. Prior to joining Old Mutual Global Investors, he was a senior consultant at Barra International, specialising in the implementation of multi-asset class risk systems. Prior to this he spent five years with COR Risk Solutions, developing financial modelling software. Mike has over 14 years of experience in the industry.

  • Fund manager's comment

Old Mutual Global Equity comment - Sept 18

2018/12/13 00:00:00
Despite the ongoing bouts of trade tensions between the US and China (to say nothing of the US Federal Reserve’s decision to raise interest rates for the third time this year), US equity markets posted meaningful positive returns over the past quarter. In the latter sessions of the third quarter, the S&P 500 and Dow Jones Industrial Average simultaneously closed at record highs, for the first time since the equity rally in January.
Throughout the third quarter, markets were characterised by a continual cycle of impactful style and sector rotations over increasingly short-term intervals; such effects were most acutely experienced during the months of July and September.
Coinciding with this recent softer performance at the fund level, global geopolitical uncertainty has had a disproportionate impact on asset pricing at the market level. Amongst these, concerns around prospective trade wars, as well as the impact of divergent monetary policy on asset prices lack definitive time lines; as such, their effects could extend into the near term.
Performance was mixed across most stock selection criteria throughout the period. While this period of recent fund performance remains out of character with the medium- and long-term track record of the strategy, it nonetheless falls squarely within the expectation and tolerance of the return structure of the strategy. Moreover, we have consistently and transparently emphasised how the investment process may become challenged during episodes when investor risk appetite switches rapidly between risk-on and risk-off environments. While these instances of market structure are infrequent in occurrence, they can nevertheless be variable in duration.
Performance across most of our stock selection techniques was mixed, with price information detracting from the fund’s performance. The analyst sentiment criteria, price arbitrage and sustainable growth component contributed negatively to returns, while company management and dynamic valuation contributed to performance.
Exposure across most sectors has continued to adapt and reflect the changeable dynamic across markets. Overall, the sector positions broadly remained stable during the course of the third quarter. We continue to espouse judicious risk management, in the broader context of active investing, which requires offsetting opportunities against risks inherent in the market.
  • Fund focus and objective  
The fund aims to offer superior returns over the medium to longer term by means of a broad-based exposure to quality shares from across the globe. The fund is managed by OMAM (UK) who aims to maximise returns by managing country and sector exposure. This fund remains as fully invested in foreign equities as possible given regulatory constraints.
This fund is ideal for investors requiring an entry point to world stock markets or wishing to diversify into a global portfolio.
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