4. INVESTMENT TEAM
Guy Toms
Head of Fixed Interest and
Investment Strategist
Eldria Fraser
CIO
Jean-Pierre du Plessis
Portfolio Manager &
Analyst
Farzana Bayat
Portfolio Manager &
Analyst
Teresa Lu
Portfolio Manager &
Analyst
Terri McGregor
Analyst
Ryan van Breda
Structuring /
Legal
Sanveer Hariparsad
Portfolio Manager &
Analyst
Liang Du
Head of Balanced
Funds
Shamik Jeewa
Portfolio Manager &
Analyst
Nafees Hossain
Portfolio Manager &
Analyst
Johan Steyn
Portfolio Manager &
Analyst
Fazila Manjoo
Portfolio Manager &
Analyst
Justin Sage
Equity Dealer
Rasi Maleka
Equity Dealer
Kevin Dewar
Head of Fund
Management
Herman Steyn
CEO
Sheena vd Merwe
Money Market Dealer
Hadley Lakay
Performance
Shaun Hu
Portfolio Manager &
Analyst
James Deng
Portfolio Manager &
Analyst
5. PRESCIENT SOLUTION FUNDS AND SATELLITESExpectedRealReturns
Expected Capital Volatility
Income
Provider
Positive
Return
Absolute
Balanced
Equity
Active
Quant
Targets a high income
yield with stable
capital values.
Targets sustainable real
returns over time, while
actively managing
downside risk (in foreign
currency for feeder
funds).
Targets real returns
through income and
capital gains with
capital losses
possible over the
shorter term.
Targets returns above
general equity markets
by investing in shares
that offer value relative
to its price
1 – 3 % p.a.
No losses over any 3
months
1 – 3 years
3 – 4% p.a.
No losses over any 12
months
1 year and longer
4 - 5% p.a.
No more than 5% loss
over any 12 months
3 years and longer
6 – 8% p.a.
Market Related
7 years and longer
Real Return
Target
Risk Target
Recommended
Horizon
Yield
QuantPlus®
Global
Income
Feeder
Global
Positive
Return
Feeder
China
Balanced
Feeder
Global
Growth
Feeder
Equity
Quant
Africa
Equity
Equity
Income
Balanced
Targets real returns
similar to the average
balanced fund with no
explicit risk target.
5 – 6% p.a.
Market Related
5 years and longer
Global
Balanced
Strategy
Feeder
Money
Market
Bond
Quant
Plus®
Client needs:
• regular income withdrawals, or
• has a short term investment horizon but
wants to outperform cash.
10. PRESCIENT SOLUTION FUNDS AND SATELLITESExpectedRealReturns
Expected Capital Volatility
Income
Provider
Positive
Return
Absolute
Balanced
Equity
Active
Quant
Targets a high income
yield with stable
capital values.
Targets sustainable real
returns over time, while
actively managing
downside risk (in foreign
currency for feeder
funds).
Targets real returns
through income and
capital gains with
capital losses
possible over the
shorter term.
Targets returns above
general equity markets
by investing in shares
that offer value relative
to its price
1 – 3 % p.a.
No losses over any 3
months
1 – 3 years
3 – 4% p.a.
No losses over any 12
months
1 year and longer
4 - 5% p.a.
No more than 5% loss
over any 12 months
3 years and longer
6 – 8% p.a.
Market Related
7 years and longer
Real Return
Target
Risk Target
Recommended
Horizon
Yield
QuantPlus®
Global
Income
Feeder
Global
Positive
Return
Feeder
China
Balanced
Feeder
Global
Growth
Feeder
Equity
Quant
Africa
Equity
Equity
Income
Balanced
Targets real returns
similar to the average
balanced fund with no
explicit risk target.
5 – 6% p.a.
Market Related
5 years and longer
Global
Balanced
Strategy
Feeder
Money
Market
Bond
Quant
Plus®
Client needs:
• local equity market participation
• without risk of capital loss over 12
months
12. PRESCIENT SOLUTION FUNDS AND SATELLITESExpectedRealReturns
Expected Capital Volatility
Income
Provider
Positive
Return
Absolute
Balanced
Equity
Active
Quant
Targets a high income
yield with stable
capital values.
Targets sustainable real
returns over time, while
actively managing
downside risk (in foreign
currency for feeder
funds).
Targets real returns
through income and
capital gains with
capital losses
possible over the
shorter term.
Targets returns above
general equity markets
by investing in shares
that offer value relative
to its price
1 – 3 % p.a.
No losses over any 3
months
1 – 3 years
3 – 4% p.a.
No losses over any 12
months
1 year and longer
4 - 5% p.a.
No more than 5% loss
over any 12 months
3 years and longer
6 – 8% p.a.
Market Related
7 years and longer
Real Return
Target
Risk Target
Recommended
Horizon
Yield
QuantPlus®
Global
Income
Feeder
Global
Positive
Return
Feeder
China
Balanced
Feeder
Global
Growth
Feeder
Equity
Quant
Africa
Equity
Equity
Income
Balanced
Targets real returns
similar to the average
balanced fund with no
explicit risk target.
5 – 6% p.a.
Market Related
5 years and longer
Global
Balanced
Strategy
Feeder
Money
Market
Bond
Quant
Plus®
Client needs:
• real returns over long term
• fee conscious
15. PRESCIENT SOLUTION FUNDS AND SATELLITESExpectedRealReturns
Expected Capital Volatility
Income
Provider
Positive
Return
Absolute
Balanced
Equity
Active
Quant
Targets a high income
yield with stable
capital values.
Targets sustainable real
returns over time, while
actively managing
downside risk (in foreign
currency for feeder
funds).
Targets real returns
through income and
capital gains with
capital losses
possible over the
shorter term.
Targets returns above
general equity markets
by investing in shares
that offer value relative
to its price
1 – 3 % p.a.
No losses over any 3
months
1 – 3 years
3 – 4% p.a.
No losses over any 12
months
1 year and longer
4 - 5% p.a.
No more than 5% loss
over any 12 months
3 years and longer
6 – 8% p.a.
Market Related
7 years and longer
Real Return
Target
Risk Target
Recommended
Horizon
Yield
QuantPlus®
Global
Income
Feeder
Global
Positive
Return
Feeder
China
Balanced
Feeder
Global
Growth
Feeder
Equity
Quant
Africa
Equity
Equity
Income
Balanced
Targets real returns
similar to the average
balanced fund with no
explicit risk target.
5 – 6% p.a.
Market Related
5 years and longer
Global
Balanced
Strategy
Feeder
Money
Market
Bond
Quant
Plus®
Client needs:
• offshore exposure
• non traditional assets with high
growth potantial
• reduced correlation to SA market
17. FUND PERFORMANCE - ZAR
Fund inception: 31 March 2011
Composite Benchmark change: 90% MSCI Africa ex ZA 10% US TB prior November 2011.
MSCI Africa ex ZA from November 2011 onwards
31 May 2014
2011 (9 months) 2012 2013 2014 (5 months)
Gross Return -8.31% 42.38% 43.82% 5.2%
Benchmark -3.63% 40.77% 41.34% 6.2%
Alpha -4.68% 1.61% 2.48% -1.01%
-20.00%
-10.00%
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
17
18. GLOBAL GROWTH EQUITY CARVE-OUT
May 2014
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
1 Month 3 Month YTD 6 Month 1 Year Since Model
Update (July
2012)
3 Year Since EAQ
Incep (Feb
2010)
EAQ Global Model
MSCI World
Notes de l'éditeur
PUT Mitton MS Sheet in here..
PUT Mitton MS Sheet in here..
PUT Mitton MS Sheet in here..
PUT Mitton MS Sheet in here..
11
• Fund does have a high beta (1.03), hence the deep negative alpha in 2011, however in rising markets it does well e.g. 2012 & 2013.
• Base case for Africa is good were a bear market is unlikely, in which case we can expect an upward trending market which should suit the funds style…