Views
4 years ago

Blue Chip Journal - June 2019 edition

  • Text
  • Retirement
  • Investors
  • Funds
  • Income
  • Managers
  • Asset
  • Investments
  • Investor
  • Balanced
  • African
  • Edition
  • Www.globalafricanetwork.com

On the money Making

On the money Making waves this quarter Licenced to excel Protea becomes an FSP Fairtree Asset Management and Protea Capital Management announced on 14 June that, after an intensive nine-month process, the Financial Sector Conduct Authority has granted Protea its own Financial Service Provider (FSP) licence. The licence will enhance the independence of the Protea business and allow Protea to execute on its marketing plans and distribution initiatives regarding the awardwinning Protea range of hedge funds, under its own brand. The Protea range of hedge funds was launched over the past three years and comprises a South African Long/Short Hedge Fund, a Global Long/Short Hedge Fund and a Worldwide Flexible Hedge Fund. The South African fund, the Fairtree Protea Equity Long Short SNN Retail Hedge Fund, was the best-performing investment fund for 2018, out of all funds available to the general South African public, inclusive of long-only funds and hedge funds (according to Calling all financial advisors Investment Think Tank launches in your area data from Morningstar, ProfileData and HedgeNews Africa). Jean Pierre Verster, CEO of Protea, comments: “This is an exciting next step on our long-term wealth-creation journey. I am grateful for the faith that the public has placed in us by investing in the Protea range of hedge funds during a particularly difficult three years in investment markets. We are pleased with the strong returns that the funds have generated thus far and will continue to apply our ‘quantamental’ investment process in a disciplined manner to maintain our edge.” Kobus Nel, CEO of Fairtree, comments: “We are delighted that we could support Jean Pierre and Protea Capital Management in obtaining its own FSP licence. This is a new season with wonderful opportunities for Jean Pierre and his team, and we have no doubt that they will continue to thrive and deliver market leading returns.” A new industry event is being launched by The Collaborative Exchange. The Investment Think Tank has been designed considering the needs of financial advisors in cities outside of Sandton, Cape Town and Durban.. The event is a combination of thoughtleadership and “Masterclass” principles. The event will also be eligible for CPD points/ hours and, subject to the approval of the FPI, is likely to attract six CPD points/hours. The dates for these events are as follows: • 30 July 2019 – The Roots Lifestyle Centre, Potchefstroom • 1 August 2019 – The Boardwalk Hotel and Conference Centre, Port Elizabeth • 5 August 2019 – Windmill Casino and Conference Centre, Bloemfontein • 7 August 2019 – Tsogo Sun Emnotweni Conference Centre, Nelspruit. Fund managers and DFMs (Discretionary Fund Managers) presenting include Ashburton, Analytics, ClucasGray, Coronation, Credo, Element, Glacier Invest, Laurium, Matrix, Morningstar, Obsidian, Prescient, Prudential, Rezco, Sentio, Stanlib, Sygnia, Tantalum and Truffle. www.investmentthinktank.co.za or email info@investmentthinktank.co.za Strategic moves Fuelling future growth STANLIB announced on 28 May a pipeline of strategic management moves in its investment team, marking the next phase of its performance enhancing drive to fuel future growth. Since the announcement of its performance drive in 2018 the group has achieved consolidation of its equity capabilities, bolstered its index capabilities and established its Credit Alternatives team. It has also implemented a much-needed rationalisation of STANLIB’s product range and significantly strengthened its leadership team, both key milestones for future growth. These efforts are already having an impact, as evidenced by a 41% increase in earnings for the 12 months to December 2018, improved investment performance in core retail and institutional equity and balanced funds, and significant growth in external third party client cash inflows. The group announced a series of senior-level management changes that will take effect over the course of 2019, to strengthen the quality and depth of its investment teams. Commenting on the announcement, Giles Heeger, executive, Asset Management, said: “Over the past 18 months STANLIB has made meaningful progress to improve investment performance, but there is still work to be done. The bolstering of our investment teams is an important step in delivering on our strategy and will go a long way to support the execution on the next phase of growth for the business.”

100 % SAVINGS 0% TAX WOULDN’T YOU RATHER PAY 0% TAX? OPEN A TAX-FREE INVESTMENT Are you taking advantage of your tax-saving opportunities? With tax-free investments, you pay no dividends tax, income tax or capital gains tax on your investments. With the expertise of SA’s top Fund Managers, you can maximise your tax-free investments to fund that special goal you have in mind, or boost your retirement savings. You can contribute up to R33 000 per year, with a lifetime limit of R500 000. Contact our client services team on 0860 123 263 or clientservices@nedgroupinvestments.co.za or talk to your financial planner. www.nedgroupinvestments.com UNIT TRUSTS | INTERNATIONAL | RETIREMENT FUNDS Nedgroup Collective Investments (RF) Proprietary Limited is the company that is authorised in terms of the Collective Investment Schemes Control Act to administer the Nedgroup Investments unit trust portfolios. Unit trusts are generally medium to long term investments. The value of your investment may go down as well as up. Past performance is not necessarily a guide to future performance. Nedgroup Investments does not guarantee the performance of your investment and even if forecasts about the expected future performance are included you will carry the investment and market risk, which includes the possibility of losing capital. Unit trusts are traded at ruling prices and can engage in borrowing and scrip lending. Certain unit trust funds may be subject to currency fluctuations due to its international exposure. Nedgroup Investments has the right to close unit trust funds to new investors in order to manage it more efficiently. A schedule of fees and charges and details of our awards are available on request from Nedgroup Investments.

Other recent publications by Global Africa Network: