Portfolio Manager Andrew Joannou talks to Lindsay Williams about local market conditions and value investing in South Africa.
Collective investment schemes (CISs) are generally medium to long-term investments and the manager gives no guarantee with respect to the capital or the return of the Fund .CISs are traded at ruling prices and can engage in borrowing, up to 10% of portfolio net asset value to bridge insufficient liquidity, and scrip lending. A schedule of charges, fees and advisor fees is available on request from the Manager, Investec Fund Managers SA (RF) (Pty) Ltd which is registered under the CIS Control Act. The value of participatory interests (units) may go down as well as up and past performance is not necessarily a guide to the future.
Investec Asset Management (Pty) Limited is an authorised financial services provider