An exciting development is the Rand gold price has reached new highs, now close to R10,500 per ounce. See below the 3-year chart.
Monday, May 30, 2011
Gold price set to run to R15,000 per ounce
The charts below shows the trend of Rand gold price over last 5 years - up and up.
An exciting development is the Rand gold price has reached new highs, now close to R10,500 per ounce. See below the 3-year chart.
The Rand Gold price looks set to reach R15,000 in the next couple of years. A very good investment in my book.
An exciting development is the Rand gold price has reached new highs, now close to R10,500 per ounce. See below the 3-year chart.
The ALSI looking to trend down
It's been a while since I last analysed the ALSI chart. The recent chart shows ALSI has been trending down since Feb 2011, with lower highs.
If it breaks down the support level of 30,000, it can go down to about 27,500. I think a market correction in the next few months is likely, and will look to re-enter the market at that time.
If it breaks down the support level of 30,000, it can go down to about 27,500. I think a market correction in the next few months is likely, and will look to re-enter the market at that time.
Monday, April 11, 2011
Best unit trust funds in SA
January 27 2011 at 10:00am
Source: IOL Best unit trust funds in SA 2011
--------------------------------------------------------------------------------
The Raging Bull Awards 2011, which recognised the country’s top-performing unit trust funds for 2010, took place at The Wanderers Club in Johannesburg last night. And the winners are ...
AWARD WINNERS
TOP MANAGEMENT COMPANIES OF THE YEAR
The unit trust management companies with the most impressive and most consistent overall performance across their suites of funds, taking into account all factors (performance, risk management and consistency).
Methodology: The award is based on the highest average PlexCrown rating for the suite of funds managed by each management company. Passive funds and funds in non-ranked sectors (for example, varied specialist sectors) are not taken into account.
Domestic Management Company of the Year: ALLAN GRAY
The South African-domiciled management company with the best overall performance across unit trust sectors that consist of a suite of five or more rand-denominated funds with at least three years’ history.
Certificate for Second-best Domestic Management Company: NEDGROUP INVESTMENTS
Certificate for Third-best Domestic Management Company: PRUDENTIAL
Offshore Management Company of the Year: INVESTEC
The overseas-domiciled management company with the best overall performance across unit trust sectors that consist of a suite of five or more non-rand-denominated funds with at least three years’ history.
TOP OUTRIGHT PERFORMERS
The top performers to December 2010 on a straight performance basis in asset- and sector-specific Asisa categories (including the main asset allocation sectors).
Methodology: Funds are ranked on a three-year lump sum NAV to NAV basis (in other words, entry costs are not taken into account), with income distributions reinvested at the ex-dividend date). Calculations by ProfileData.
Best Broad-based Domestic Equity Fund: MARRIOTT DIVIDEND GROWTH FUND
The fund with the highest ProfileData total investment return ranking over three years in the Asisa domestic equity general, value and growth sectors.
Best Domestic Fixed-Interest Fund: NEDGROUP INVESTMENTS BOND FUND (A class)
The fund with the highest ProfileData total investment return ranking over three years in the Asisa domestic fixed-interest bond and income sectors.
Best Foreign (South African-domiciled) Equity Fund: ALLAN GRAY-ORBIS GLOBAL EQUITY FEEDER FUND
The fund with the highest ProfileData total investment return ranking over three years in the Asisa foreign equity general sector.
Best Offshore Global Equity Fund: RE:CM GLOBAL FUND
The fund with the highest ProfileData total investment return ranking over three years in ProfileData’s offshore global equity general sector.
TOP RISK-ADJUSTED PERFORMERS
Top performers to December 2010 on a risk-adjusted basis in the asset allocation and real estate sectors, plus the largest other Asisa unit trust sectors based on market capitalisation. The PlexCrown system, which incorporates risk-adjusted returns and consistency of performance, is used to rank funds for these awards.
Methodology: The PlexCrown system combines risk-adjusted returns based on performance statistics from ProfileData with standard risk measures, consistency measures, and measures of downside risk and managerial skill. Performance over five- and three-year periods is taken into account.
Best Domestic Asset Allocation Flexible Fund: PSG FLEXIBLE FUND
The fund with the highest PlexCrown rating over five years in the Asisa domestic asset allocation flexible sector.
Best Domestic Asset Allocation Prudential Fund: DOTPORT STABLE PRUDENTIAL FUND OF FUNDS
The fund with the highest PlexCrown rating over five years in the Asisa domestic asset allocation prudential high equity, medium equity, low equity and variable equity sectors.
Best Domestic General Equity Fund: ABSA SELECT EQUITY FUND
The fund with the highest PlexCrown rating over five years in the Asisa domestic equity general sector.
Best Offshore Global Asset Allocation Fund: ASHBURTON REPLICA EURO ASSET MANAGEMENT FUND
The fund with the highest PlexCrown rating in ProfileData’s offshore global asset allocation flexible and prudential sectors.
CERTIFICATE WINNERS
TOP OUTRIGHT PERFORMERS OVER THREE YEARS
DOMESTIC FUNDS
Best Domestic Equity General Fund: MARRIOTT DIVIDEND GROWTH FUND
Best Domestic Equity Growth Fund: RMB STRATEGIC OPPORTUNITIES FUND (A class)
Best Domestic Equity Industrial Fund: CORONATION INDUSTRIAL FUND
Best Domestic Equity Financial Fund: CORONATION FINANCIAL FUND
Best Domestic Equity Resources and Basic Industries Fund: OLD MUTUAL MINING AND RESOURCES FUND (A class)
Best Domestic Equity Smaller Companies Fund: RMB SMALL MID-CAP FUND
Best Domestic Equity Value Fund: NEDGROUP INVESTMENTS VALUE FUND (A class)
Best Domestic Asset Allocation Flexible Fund: PSG FLEXIBLE FUND
Best Domestic Asset Allocation Prudential Fund: CORONATION BALANCED DEFENSIVE FUND
(Includes the prudential high equity, medium equity, low equity and variable equity sectors)
Best Domestic Fixed-Interest Bond Fund: NEDGROUP INVESTMENTS BOND FUND
Best Domestic Fixed-Interest Income Fund: STANLIB INCOME FUND
Best Domestic Real Estate Fund: DISCOVERY FLEXIBLE PROPERTY FUND
FOREIGN FUNDS
Best Foreign Fixed-Interest Bond Fund: CORIS CAPITAL INTERNATIONAL BOND FEEDER FUND
Best Offshore Europe Equity General Fund: FRANKLIN EUROPEAN GROWTH FUND
Best Offshore Far East Equity General Fund: ORBIS SICAV ASIA EX-JAPAN EQUITY FUND
Best Offshore USA Equity General Fund: FRANKLIN US OPPORTUNITIES FUND
Best Offshore Global Fixed-Interest Bond Fund: INVESTEC GSF GLOBAL BOND FUND
TOP RISK-ADJUSTED PERFORMERS OVER FIVE YEARS
DOMESTIC FUNDS
Best Worldwide Asset Allocation Flexible Fund: FLAGSHIP IP WORLDWIDE FLEXIBLE FUND OF FUNDS
Best Foreign Asset Allocation Flexible Fund: ALLAN GRAY-ORBIS GLOBAL FUND OF FUNDS
Best Domestic Asset Allocation Prudential Medium Equity Fund: ABSA BALANCED FUND (A class)
Best Domestic Asset Allocation Prudential Low Equity Fund: METROPOLITAN ODYSSEY CONSERVATIVE FUND OF FUNDS
Best Domestic Asset Allocation Prudential Variable Equity Fund: DOTPORT STABLE PRUDENTIAL FUND OF FUNDS
Best Domestic Fixed-Interest Bond Fund: NEDGROUP INVESTMENTS BOND FUND (A class)
Best Foreign Equity General Fund: ALLAN GRAY-ORBIS GLOBAL EQUITY FEEDER FUND
Best Real Estate Fund: STANLIB PROPERTY INCOME FUND
(The fund with the highest PlexCrown rating over five years in the Asisa domestic real estate general sector)
FOREIGN FUNDS
Best Offshore Global Fixed-Interest Bond Fund: INVESTEC GSF GLOBAL BOND FUND
Best Offshore Global Equity Fund: FRANKLIN GLOBAL SMALL-MID CAP GROWTH FUND
Source: ProfileData
Source: IOL Best unit trust funds in SA 2011
--------------------------------------------------------------------------------
The Raging Bull Awards 2011, which recognised the country’s top-performing unit trust funds for 2010, took place at The Wanderers Club in Johannesburg last night. And the winners are ...
AWARD WINNERS
TOP MANAGEMENT COMPANIES OF THE YEAR
The unit trust management companies with the most impressive and most consistent overall performance across their suites of funds, taking into account all factors (performance, risk management and consistency).
Methodology: The award is based on the highest average PlexCrown rating for the suite of funds managed by each management company. Passive funds and funds in non-ranked sectors (for example, varied specialist sectors) are not taken into account.
Domestic Management Company of the Year: ALLAN GRAY
The South African-domiciled management company with the best overall performance across unit trust sectors that consist of a suite of five or more rand-denominated funds with at least three years’ history.
Certificate for Second-best Domestic Management Company: NEDGROUP INVESTMENTS
Certificate for Third-best Domestic Management Company: PRUDENTIAL
Offshore Management Company of the Year: INVESTEC
The overseas-domiciled management company with the best overall performance across unit trust sectors that consist of a suite of five or more non-rand-denominated funds with at least three years’ history.
TOP OUTRIGHT PERFORMERS
The top performers to December 2010 on a straight performance basis in asset- and sector-specific Asisa categories (including the main asset allocation sectors).
Methodology: Funds are ranked on a three-year lump sum NAV to NAV basis (in other words, entry costs are not taken into account), with income distributions reinvested at the ex-dividend date). Calculations by ProfileData.
Best Broad-based Domestic Equity Fund: MARRIOTT DIVIDEND GROWTH FUND
The fund with the highest ProfileData total investment return ranking over three years in the Asisa domestic equity general, value and growth sectors.
Best Domestic Fixed-Interest Fund: NEDGROUP INVESTMENTS BOND FUND (A class)
The fund with the highest ProfileData total investment return ranking over three years in the Asisa domestic fixed-interest bond and income sectors.
Best Foreign (South African-domiciled) Equity Fund: ALLAN GRAY-ORBIS GLOBAL EQUITY FEEDER FUND
The fund with the highest ProfileData total investment return ranking over three years in the Asisa foreign equity general sector.
Best Offshore Global Equity Fund: RE:CM GLOBAL FUND
The fund with the highest ProfileData total investment return ranking over three years in ProfileData’s offshore global equity general sector.
TOP RISK-ADJUSTED PERFORMERS
Top performers to December 2010 on a risk-adjusted basis in the asset allocation and real estate sectors, plus the largest other Asisa unit trust sectors based on market capitalisation. The PlexCrown system, which incorporates risk-adjusted returns and consistency of performance, is used to rank funds for these awards.
Methodology: The PlexCrown system combines risk-adjusted returns based on performance statistics from ProfileData with standard risk measures, consistency measures, and measures of downside risk and managerial skill. Performance over five- and three-year periods is taken into account.
Best Domestic Asset Allocation Flexible Fund: PSG FLEXIBLE FUND
The fund with the highest PlexCrown rating over five years in the Asisa domestic asset allocation flexible sector.
Best Domestic Asset Allocation Prudential Fund: DOTPORT STABLE PRUDENTIAL FUND OF FUNDS
The fund with the highest PlexCrown rating over five years in the Asisa domestic asset allocation prudential high equity, medium equity, low equity and variable equity sectors.
Best Domestic General Equity Fund: ABSA SELECT EQUITY FUND
The fund with the highest PlexCrown rating over five years in the Asisa domestic equity general sector.
Best Offshore Global Asset Allocation Fund: ASHBURTON REPLICA EURO ASSET MANAGEMENT FUND
The fund with the highest PlexCrown rating in ProfileData’s offshore global asset allocation flexible and prudential sectors.
CERTIFICATE WINNERS
TOP OUTRIGHT PERFORMERS OVER THREE YEARS
DOMESTIC FUNDS
Best Domestic Equity General Fund: MARRIOTT DIVIDEND GROWTH FUND
Best Domestic Equity Growth Fund: RMB STRATEGIC OPPORTUNITIES FUND (A class)
Best Domestic Equity Industrial Fund: CORONATION INDUSTRIAL FUND
Best Domestic Equity Financial Fund: CORONATION FINANCIAL FUND
Best Domestic Equity Resources and Basic Industries Fund: OLD MUTUAL MINING AND RESOURCES FUND (A class)
Best Domestic Equity Smaller Companies Fund: RMB SMALL MID-CAP FUND
Best Domestic Equity Value Fund: NEDGROUP INVESTMENTS VALUE FUND (A class)
Best Domestic Asset Allocation Flexible Fund: PSG FLEXIBLE FUND
Best Domestic Asset Allocation Prudential Fund: CORONATION BALANCED DEFENSIVE FUND
(Includes the prudential high equity, medium equity, low equity and variable equity sectors)
Best Domestic Fixed-Interest Bond Fund: NEDGROUP INVESTMENTS BOND FUND
Best Domestic Fixed-Interest Income Fund: STANLIB INCOME FUND
Best Domestic Real Estate Fund: DISCOVERY FLEXIBLE PROPERTY FUND
FOREIGN FUNDS
Best Foreign Fixed-Interest Bond Fund: CORIS CAPITAL INTERNATIONAL BOND FEEDER FUND
Best Offshore Europe Equity General Fund: FRANKLIN EUROPEAN GROWTH FUND
Best Offshore Far East Equity General Fund: ORBIS SICAV ASIA EX-JAPAN EQUITY FUND
Best Offshore USA Equity General Fund: FRANKLIN US OPPORTUNITIES FUND
Best Offshore Global Fixed-Interest Bond Fund: INVESTEC GSF GLOBAL BOND FUND
TOP RISK-ADJUSTED PERFORMERS OVER FIVE YEARS
DOMESTIC FUNDS
Best Worldwide Asset Allocation Flexible Fund: FLAGSHIP IP WORLDWIDE FLEXIBLE FUND OF FUNDS
Best Foreign Asset Allocation Flexible Fund: ALLAN GRAY-ORBIS GLOBAL FUND OF FUNDS
Best Domestic Asset Allocation Prudential Medium Equity Fund: ABSA BALANCED FUND (A class)
Best Domestic Asset Allocation Prudential Low Equity Fund: METROPOLITAN ODYSSEY CONSERVATIVE FUND OF FUNDS
Best Domestic Asset Allocation Prudential Variable Equity Fund: DOTPORT STABLE PRUDENTIAL FUND OF FUNDS
Best Domestic Fixed-Interest Bond Fund: NEDGROUP INVESTMENTS BOND FUND (A class)
Best Foreign Equity General Fund: ALLAN GRAY-ORBIS GLOBAL EQUITY FEEDER FUND
Best Real Estate Fund: STANLIB PROPERTY INCOME FUND
(The fund with the highest PlexCrown rating over five years in the Asisa domestic real estate general sector)
FOREIGN FUNDS
Best Offshore Global Fixed-Interest Bond Fund: INVESTEC GSF GLOBAL BOND FUND
Best Offshore Global Equity Fund: FRANKLIN GLOBAL SMALL-MID CAP GROWTH FUND
Source: ProfileData
Tuesday, February 8, 2011
Rand Gold Price set to run
I have just analysed the rand gold price chart for the last five years. It has been on an upward trend, and more significantly, it has been trading in a rising wedge, and close to the end of it, with signs of breaking out. A longer-term target of probably around R150 if trading NewGold ETF.
Saturday, February 5, 2011
Allan Gray again tops the PlexCrown survey
According to the latest PlexCrown survey for the quarter 31 December 2010, Allan Gray is again the 1st ranked domestic CIS Manager, with a rating of 4.625. This is despite its relative poor performance in 2010.
The PlexCrown Survey measures the fund managers' long-term performance in terms of consistency and risks taken.
The PlexCrown domestic CIS manager ranking - overall is as follows:
CIS MANAGER Weighted Average Rank
Allan Gray 4.625 1
Nedgroup Investments 3.875 2
Prudential 3.792 3
Coronation 3.458 4
Oasis 3.292 5
Investment Solutions 3.250 6
RMB 3.242 7
Old Mutual 3.075 8
STANLIB 2.972 9
Investec 2.902 10
STANLIB MultiM 2.500 11
Absa 2.150 12
For more, visit http://www.plexcrown.co.za/.
The PlexCrown Survey measures the fund managers' long-term performance in terms of consistency and risks taken.
The PlexCrown domestic CIS manager ranking - overall is as follows:
CIS MANAGER Weighted Average Rank
Allan Gray 4.625 1
Nedgroup Investments 3.875 2
Prudential 3.792 3
Coronation 3.458 4
Oasis 3.292 5
Investment Solutions 3.250 6
RMB 3.242 7
Old Mutual 3.075 8
STANLIB 2.972 9
Investec 2.902 10
STANLIB MultiM 2.500 11
Absa 2.150 12
For more, visit http://www.plexcrown.co.za/.
Tuesday, January 25, 2011
Our yearly model portfolio for 2011
As is our custom, we publish our yearly model portfolio for 2011. This is the first time we introduce foreign companies into the portfolio, as these two tech giants, Apple and Samsung, offer growth opportunities and cannot be ignored. The share price is in South African Rand (ZAR), in cents.
| Name | Weighting | Share price |
| Apple | 6% | 214033.72 |
| Ellies | 10% | 220 |
| Grindrod | 10% | 1895 |
| Metorex | 8% | 524 |
| Pinnacle | 10% | 683 |
| Samsung | 8% | 557637.18 |
| Sasol | 10% | 34628 |
| South Ocean | 10% | 235 |
| Steinhoff | 8% | 2450 |
| Value | 8% | 390 |
| WBHO | 6% | 13900 |
| Wescoal | 6% | 120 |
Wednesday, December 1, 2010
Discovery Equity Fund first in its sector
Discovery Invest is a new kid on the block, launched and entered the investment world three years ago. However, the performance of its range of unit trusts has been credible, if not outstanding. The Discovery funds are managed by Investec, and many of these funds perform better than Investec's own funds.
Discovery's Equity Fund is first in the General Equity Fund sector over three years, which is quite an achievement considering threre are 72 funds in the sector. It also performs much better than Investec Equity Fund, which is near the bottom of the ranking. Are Investec's best people actually working for Discovery rather than for Investec?!
Click the link below for a report on Discovery Equity Fund. It's a good start, hopefully this fund can continue with its winning way.
http://daberistic.com/Documents/101130_discovery_equity_funds_three_year_performance.pdf
Discovery's Equity Fund is first in the General Equity Fund sector over three years, which is quite an achievement considering threre are 72 funds in the sector. It also performs much better than Investec Equity Fund, which is near the bottom of the ranking. Are Investec's best people actually working for Discovery rather than for Investec?!
Click the link below for a report on Discovery Equity Fund. It's a good start, hopefully this fund can continue with its winning way.
http://daberistic.com/Documents/101130_discovery_equity_funds_three_year_performance.pdf
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