441.01  /  1.41%

31341.48

NAV on 2020/08/11
NAV on 2020/08/10 30900.47
52 week high on 2019/12/18 39245.76
52 week low on 2020/03/23 22975.53
Total Expense Ratio on 2020/03/31 1.56
Total Expense Ratio (performance fee) on 2020/03/31 0
NAV
Incl Dividends
1 month change 0.88% 0.88%
3 month change 6.83% 8.34%
6 month change -16.22% -15.03%
1 year change -14.79% -11.33%
5 year change -6.1% -2.96%
10 year change 4.17% 6.89%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Basic Materials 2319.84 22.53%
Consumer Goods 1631.79 15.85%
Consumer Services 1232.67 11.97%
Derivatives -0.34 0.00%
Financials 2171.39 21.09%
Health Care 189.98 1.85%
Industrials 798.87 7.76%
Liquid Assets 72.65 0.71%
Real Estate 103.53 1.01%
Technology 1195.97 11.62%
Telecommunications 579.63 5.63%
  • Top five holdings
 BATS 1002.09 9.73%
 NASPERS-N 634.97 6.17%
 FIRSTRAND 578.19 5.62%
 ANGGOLD 569.00 5.53%
 PROSUS 561.00 5.45%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
1966/10/01
ISIN code:
ZAE000097473
Short name:
U-OMINVES
Risk:
Unknown
Sector:
South African--Equity--General
Benchmark:
ASISA Category Average
Email
unittrusts@oldmutual.com

Website
http://www.omut.co.za

Telephone
021-503-7100

  • Fund management  
Siboniso Nxumalo
- 12 years of investment experience
Meryl Pick
Meryl joined Old Mutual Investment Group in February 2012 and is responsible for coverage of gold, packaging manufacturers, heavy equipment distributors and logistics companies. She is also the portfolio manager of the Old Mutual Gold Fund.Prior to joining, she was a Business Efficiency Manager at ABSA for two years. Prior to this she held various positions within Unilever, including Process Engineering Manager. Meryl has four years of work experience in the asset management industry.


  • Fund manager's comment

Old Mutual Investors comment - Dec 19

2020/02/24 00:00:00
As the 2010s ended, the FTSE/JSE SWIX Index recorded a 9% return for 2019. Resources, led by precious metals, were the outperformer yielding a 29% return followed by industrials and financials with 9% and 0.6%, respectively.
The last decade started with euphoria as South Africa proved doubters wrong by successfully hosting the FIFA World Cup. The rest of the decade was less effervescent. Nelson Mandela’s passing three years later seemed to underscore the rising corruption and falling confidence that was stifling economic growth. There was no global boom to counter our home-grown problems. The global financial crisis cast a longer shadow than many had forecast. The global growth engine sputtered inspiring unprecedented levels of quantitative easing and ultralow interest rates in the developed world. Europe flirted with Grexit and then Brexit. The US elected the most controversial president in recent history. Governance scandals and climate change concerns moved ESG into focus. All the while, increasingly powerful smartphones and ubiquitous internet changed what we take for granted. Ten years ago this sentence wouldn’t have made sense to most South Africans: I watched Netflix on my iPhone while I Uber’d to my Airbnb.
Now we have witnessed the dawn of a new decade. What are the risks and opportunities facing investors as we enter the 2020s? The status of the US as global economic and military leader is facing greater challenges. Rising inequality and youth unemployment are not uniquely local problems, nor is the resultant populism. Geopolitical tensions and trade spats are therefore likely to remain a long-term risk. Fortunately for consumers, conflicts in the Middle East will have a less dramatic impact on the oil price due to the US shale boom during the last decade. Ageing populations and growing government debt will be a drag on first world growth. From electric vehicles to blockchain, technological change will continue to creatively disrupt established business models. South Africa may prove doubters wrong again but as with the 2010s we are unlikely to be bailed out by soaring global growth.
How are we building portfolios in this environment? Our large positions in British American Tobacco, telecommunications and banks reflect our view that companies with strong management teams and resilient balance sheets that can deliver growing dividends will become increasingly attractive. We seek out counters with overly pessimistic expectations implied in their prices and catalysts on the horizon to unlock value. There are pockets of value emerging within “SA Inc” in companies that will benefit once green shoots emerge in the local economy. One such company is Wilson Bayly Holmes. True, the chunky contracts of the 2010 World Cup era are not on the table. However, faced with little competition, their order book is filling up with less traditional work like repurposing office space into residential property. Simultaneously, state-owned enterprise tenders are starting to flow again after a period of focusing on cleaning up governance. We look forward to unearthing more overlooked opportunities in 2020
  • Fund focus and objective  
The fund aims to offer superior returns over the medium to longer term through investing in a broad spectrum of local instruments.
This fund is suited to investors seeking long-term capital growth through a broadly diversified portfolio of shares. The investor can tolerate stock market volatility.
It invests in shares across all sectors of the stock market, focusing predominantly on the Top 100 blue-chip shares. The fund aims to achieve its performance objectives through well-researched and superior share selection. Derivatives may be used for efficient portfolio management purposes.
The fund aims to achieve long-term inflation-beating growth, and therefore may hold a higher allocation to equities than what is allowed in terms of Regulation 28 of the Pension Funds Act. This fund is therefore not Regulation 28 compliant.
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