MANAGER WATCH™ SURVEY
Global Balanced Manager Watch™ Survey – Best Investment View Objective: The portfolios are balanced (multi-asset class) portfolios, subject to the restrictions imposed by Regulation 28 of the Pension Funds Act and represent the managers’ best investment view.
General information Investment Managers Absa Asset Management Global Balanced
GIPS™ (Verified / Compliant) V
Alexander Forbes Investments Performer Alexander Forbes Investments Spectrum Allan Gray
V
Ashburton Global Balanced Composite
Portfolio Size (R m)
Benchmark Description
Pooled
AF Large Manager Watch Median
Pooled multi-manager
AF Investable Global LMW Median
N/A
Pooled multi-manager
AF Investable Global LMW Average
N/A
1 555
Segregated
Global LMW Average (Non Investable)
18
61 645
Pooled
Market Value Weighted Average Return of ASISA Multi Asset – High Equity Category excluding the Ashburton Balanced Fund
4
4
5 845 108 686
645
Cadiz Global Balanced
V
Segregated
Global LMW Median
2
Coronation
V
Segregated
Global LMW Median
11
24 450
Foord Global Balanced
C
Segregated
55% ALSI, 9% MSCI, 6% CITI, 5% PROP, 20% ALBI, 5% STFCAD
11
53 775
Investec Asset Management
V
Segregated
Global LMW Median
30
68 813
Pooled
55.00% FTSE/JSE SWIX,10.00% FTSE/JSE SA Listed Property Index,5.00% ALBI,5.00% Barclays BEASSA SA Government ILB Index,20.00% MSCI All Countries World Index, 5.00% Citigroup World Government Bond Index
N/A
19 346
Pooled
Headline CPI + 5%
N/A
3 036
Segregated
Global BIV Average
7
1 102
Old Mutual Multi-Managers Managed
Pooled multi-manager
Median of Alexander Forbes Global Large Manager Watch (Non Investable)
N/A
2 545
Old Mutual Multi-Managers Inflation Plus 5-7%
Pooled multi-manager
Headline CPI + 6%
N/A
9 170
Segregated
The benchmark for our full discretionary funds is calculated in-house, using FTSE free market indices and estimated peer group weightings
3
4 330
Momentum MoM Enhanced Factor 7
Nedgroup Investments XS Diversified Fund of Funds Oasis
OMIG MacroSolutions
n/a V
V
441
OMIG MacroSolutions (Profile Balanced)
V
Pooled
The performance target is CPI+5%. The Benchmark is 45% Capped SWIX, 20% MSCI ACWI Net Index, 15% BEASSA Index, 7.5% Stefi 3 Months, 5% Barclays Capital Global Bond Aggregate Index, 5% SAPY, 2.5% Gold Trust EFT Index
Prudential Balanced
V
Segregated
The total fund is benchmarked against the Median performance of the Global Investable LMW participants.
Rezco Value Trend
V
Pooled
SIM Global Unique
V
Segregated
AF Global LMW midpoint
4
18 038
STANLIB AM
V
Segregated
Forbes MW – Global Best Invest
9
2 560
Pooled
AF Global Manager Watch BIV Median Non Investable
N/A
5 018
PSG Balanced Fund
STANLIB Multi-Manager Balanced Fund Total V = Verified C = Compliant
34
No. of Funds in Composite
Portfolio Type
N/A
222
7
5 885
Headline CPI + 5%
1
10 008
FTSE/JSE All Share
N/A
7 209
414 323