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21.35  /  0.99%


NAV on 2021/09/23
NAV on 2021/09/22 2135.36
52 week high on 2021/04/16 2285.25
52 week low on 2020/10/29 1808.55
Total Expense Ratio on 2020/06/30 1.07
Total Expense Ratio (performance fee) on 2020/06/30 0
Incl Dividends
1 month change -0.36% -0.36%
3 month change -0.79% 0.25%
6 month change -2.29% -1.26%
1 year change 18.09% 19.92%
5 year change 1.01% 3.6%
10 year change 5.97% 8.51%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Basic Materials 62.12 14.97%
Consumer Discretionary 31.19 7.52%
Consumer Goods 5.76 1.39%
Derivatives 0.09 0.02%
Energy 8.38 2.02%
Financials 123.28 29.72%
Industrials 30.54 7.36%
Liquid Assets 31.99 7.71%
Real Estate 25.50 6.15%
Technology 85.71 20.66%
Telecommunications 10.28 2.48%
  • Top five holdings
 NASPERS-N 85.71 20.66%
CAP GROUP 21.59 5.2%
NBL 20.37 4.91%
 SASOL 19.97 4.81%
FNB HOLDINGS 19.80 4.77%
  • Performance against peers
  • Fund data  
Management company:
Old Mutual Unit Trust Managers (RF) (Pty) Ltd.
Formation date:
ISIN code:
Short name:
83% SWIX; 10% Namibia Primary Listed Shares; 7% Namibia Call Rate



  • Fund management  
Tyrone van Wyk
Tyrone joined Old Mutual Investment Group Namibia (OMIGNAM) in January 2004 as an investment analyst. As a member of the Namibian team, he is responsible for overseeing the Namibian investment processes and the overall performance of funds under management. Prior to joining OMIGNAM, he was a trainee accountant at PricewaterhouseCoopers for three years. Tyrone has seven years' experience in the asset management industry, and 10 years' experience in the financial services industry.

  • Fund manager's comment

Old Mutual Namibia Growth comment - Dec 19

2020/02/21 00:00:00
The South African equity market had a better final quarter thanks to a good last month of the year. The one-year return, however, is still not good compared to the global return numbers. The Shareholder Weighted Index (SWIX) increased by 4.12% during the third quarter of 2019, with property shares continuing on their negative path returning -3.19% for the quarter. The South African economy is still under pressure with the third quarter GDP number for 2019 reading -0.6% annualised quarter on quarter. The rand had a good run against the US dollar and other major currencies during the final quarter of 2019.
Strengthening by 7.8% against the US dollar over the last three months of 2019. The stronger rand can mainly be attributed to trade war tension decreasing with some positive news coming from the negotiations. FUND COMMENTARY Globally, we have seen an uptick in the market throughout the quarter except for a small negative start at the beginning of the quarter. The S&P 500 Index increased by 8.53% over the quarter, slightly less than the all-time high reached just a few days prior. The trade war is not over yet, but there are some positive signs for the market as negotiations have a positive outlook.
The fund underperformed the SWIX over the final quarter of 2019 returning 3.57% against the SWIX’s total return of 4.12%, gross of fees, for the quarter. The underperformance was mainly due to the overweight positions in Prosus, Capricorn Investment Group and Fortress Reit B, and the underweight in Anglo American Platinum also contributed to the underperformance. The best performing sector in the benchmark for the final quarter of 2019 was healthcare, returning just over 20% for the quarter. The fund was underweight in this sector, thus detracting from performance relative to benchmark. The communication services sector was the weakest performing sector contracting 11% for the fourth quarter. The fund was underweight in this sector, thus adding to Of our top 10 holdings Standard Bank, ABSA, FirstRand Ltd, Capricorn Investment Group, Namibia Breweries, Prosus and FirstRand Namibia all detracted from performance for the quarter, with the remaining three contributing towards performance relative to benchmark. Anglo American was the top contributor relative to benchmark, with a return of 13.39% for the quarter. Prosus was our worst performer, contracting 4.79% during the fourth quarter of 2019.
The Namibian listed companies which form part of our portfolio, such as Letshego Holdings (-0.9%), FirstRand Namibia (-0.15%), Namibian Breweries (-0.17%), Capricorn Investment Group (-4.57%) and Oryx Properties (-0.34), had a very poor quarter relative to the SA market.
The fund maintains its overweight allocations to Namibian primary listed shares. The fund has slightly reduced its cash position to the benchmark weight.
  • Fund focus and objective  
The fund is committed to offering investors above average performance over the medium to longer term by means of exposure to a select range of large and emerging equities.
Investors wishing to benefit from the wealth creation activities of Namibian and South African companies that show potential for superior growth.
The fund invests in selected shares across all economic groups and industry sectors. The fund does not subscribe to a particular theme or investment style and may invest in both growth and value companies. The fund is managed on an aggressive basis and is restructured and repositioned as market conditions

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