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-12.64  /  -1.27%

997.92

NAV on 2020/02/25
NAV on 2020/02/24 1010.56
52 week high on 2019/04/24 1043.28
52 week low on 2019/08/16 970.28
Total Expense Ratio on 2019/06/30 1.35
Total Expense Ratio (performance fee) on 2019/06/30 0
NAV Incl Dividends
1 month change -1.11% -1.11%
3 month change -2.37% -1.02%
6 month change 2.63% 4.05%
1 year change -0.21% 2.54%
5 year change 2.57% 4.97%
10 year change 7.17% 9.69%
Price data is updated once a day.
  • Sectoral allocations
Basic Materials 46.80 7.54%
Consumer Goods 29.95 4.83%
Financials 102.25 16.48%
Gilt 2.00 0.32%
Gilts 1.40 0.23%
Industrials 59.36 9.57%
Liquid Assets 77.91 12.56%
Other Sec 6.25 1.01%
Spec Equity 46.91 7.56%
Technology 22.26 3.59%
Telecommunications 9.22 1.49%
Offshore 216.10 34.83%
  • Top five holdings
U-OMGLOB 46.91 7.56%
ACADIANGLOEQU 27.55 4.44%
OLDMUTVLEGLO 26.40 4.25%
 NASPERS-N 22.26 3.59%
ANGLO-NSX 18.36 2.96%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
1999/11/15
ISIN code:
ZAE000022992
Short name:
N-OMMANF
Risk:
Medium
Sector:
Regional--Namibian--Unclassified
Benchmark:
The fund aims to outperform the category average
Contact details

Email
unittrusts@oldmutual.com

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

Telephone
021-503-7100

  • Fund management  
Warren van der Westhuizen
- 18 years of investment experience
Graham Tucker
- 18 years of investment experience


  • Fund manager's comment

Old Mutual Namibia Managed comment - Dec 19

2020/02/21 00:00:00
The Old Mutual Namibia Managed Fund delivered better absolute returns in 2019. While the threeand five-year returns are ahead of inflation, they remain below the performance objective given the low returns experienced in previous years. The fund underperformed its peers in 2019. This is attributable to the reduced risk asset exposure, primarily global equity, and the disappointing performance of a handful of local equity counters.
Although we are dissatisfied with recent performance, we maintain the core positioning of the fund – a preference for local and South African assets over global assets. Global equity is less attractive than in recent years given that the US equity market is late cycle. The strong dollar, low unemployment rate, high corporate margins, high earnings base and elevated valuations mean that US companies are more vulnerable to disappointment. Consequently, we expect returns from global equities to be more muted going forward, given valuations. Turning our attention to South Africa, we believe that progress is being made in terms of putting the country on the reform path. The Cabinet announcements following the elections in May, the appointment of the Eskom CEO and the arrest of suspected state capture actors all point to the country moving in the right direction. Against this there are obviously issues around load-shedding FUND COMMENTARY and a worrying fiscal position. That said, we remain positive on the currency and select equities which offer increasingly good value relative to global assets. While the likes of Omnia and KAP have not played out as expected as yet, we believe these are amongst those companies that will benefit significantly as the country continues down the reform path.
We are nearing inflection points locally and globally and accept that the short-term outlook may be noisy, probably more so than usual. Hence, to successfully navigate this period our focus must be on the long-term outlook.
  • Fund focus and objective  
FUND OBJECTIVE
This fund aims to achieve long-term inflation-beating growth. The fund has a growth asset bias and will invest more heavily in shares. The portfolio manager actively allocates to other asset classes to take advantage of changing market conditions and to manage the fund's volatility.
WHO IS THIS FUND FOR?
This fund is suitable for investors wanting moderate to high long-term growth, with less volatility in the short term than pure equity. It is suitable as a standalone retirement investment.
INVESTMENT MANDATE
The fund is exposed to all sectors of the Namibian and South African market (shares, bonds & property). This fund complies with Namibian retirement fund legislation.
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