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  •  Old Mutual Multi-Managers Balanced Fund of Funds (A)

2.2  /  0.19%


NAV on 2021/09/23
NAV on 2021/09/22 1132.63
52 week high on 2021/08/27 1153.4
52 week low on 2020/10/30 929.35
Total Expense Ratio on 2021/06/30 2.02
Total Expense Ratio (performance fee) on 2021/06/30 0
Incl Dividends
1 month change -1.02% -1.02%
3 month change 2.36% 2.44%
6 month change 4% 5.65%
1 year change 18.47% 21.12%
5 year change 4.39% 6.54%
10 year change 6.73% 8.76%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Financials 124.00 0.93%
Fixed Interest 3286.40 24.59%
General Equity 5690.70 42.58%
Liquid Assets 11.81 0.09%
Spec Equity 4250.59 31.81%
  • Top five holdings
U-SISINTG 3446.04 25.79%
U-SYMSAT3 2264.03 16.94%
LOCALUNITTEQT 1451.43 10.86%
U-SYMINC4 1168.81 8.75%
U-SYMSAT1 1119.50 8.38%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
South African--Multi Asset--High Equity



  • Fund management  
Orbis Investment Management Ltd.
Prescient Investment Management
Investec Asset Managers
Prudential Investment Managers
Coronation Fund Managers

  • Fund manager's comment

Old Mutual MM Balanced FoF - May 17

2017/07/14 00:00:00
The local equity market was essentially flat in May, ending the 12 months at only 3.0% up. While this return is disappointing, without the inclusion of Naspers in the FTSE/JSE Shareholder Weighted All Share Index (SWIX), the index would be negative year-on-year. Naspers has been a phenomenal performer, not only this year, but for the past 10 years. It continues to dominate and improve on its competitive position and market share in all of its key content categories. The share price performance reflects the good fundamental performance, perhaps a little more so in the short term. The Consumer Price Index increased 5.3% year-on year in April, down from 6.1% in March, and has therefore moved within the South African Reserve Bank's (SARB) inflation target range (3.0% to 6.0%). Core consumer inflation, which excludes volatile food and fuel prices, decreased further to 4.8% - the lowest level since January 2013.
At the most recent Monetary Policy Committee (MPC) meeting, the South African Reserve Bank (SARB) kept interest rates steady at 7.0% as expected but the tone was less dovish than markets anticipated. In particular, the MPC highlighted risks from an uncertain global backdrop and domestic political developments, which appeared to dominate considerations of an increasingly benign inflation outlook. The MPC also trimmed their inflation forecast for 2017 to 5.7% (from 5.9%), while it expects inflation to average 5.3% in 2018 (down from 5.5%). They also trimmed our domestic growth rates a little, due to deteriorating business and consumer confidence, following the credit rating downgrades to 1.0% for 2017 and 1.5% next year.
Global equity markets continued to extend their gains in April, increasing by 17.5% in US dollars for the 12 months ending May but the strong rand (year-on-year) has tempered these to -1.7% in rand terms. Our bond market has performed well, and returned 13.4% for the 12 months ending May. Like equity, the local property market returned a disappointing 3.7% and cash returned a good 7.2% over the past 12 months.
  • Fund focus and objective  
The portfolio gives investors the opportunity to grow their capital and income at a reasonable pace through active asset allocation. The portfolio invests in a diversified blend of South African and global managers who may invest in listed shares, fixed interest securities, listed property and cash. The portfolio aims to achieve a return in the range of 4% to 5% per annum above infl ation over rolling five-year periods.

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