PSG Flexible Fund soars beyond R10 billion

The flagship fund of PSG Asset Management, the PSG Flexible Fund, recently surpassed the milestone of R10 billion in assets under management (AUM).

Co-managed by Shaun le Roux and Paul Bosman, the Flexible Fund aims to achieve medium- to long-term capital growth by focusing on selected sectors within the equity market, the bond market and the money market. As at 28 February 2017, the Fund, which uses CPI +6% as its benchmark, has achieved 14.1% annualised returns (after fees) compared to its benchmark of 12.1% over ten years. With a flexible investment approach, the Fund is actively managed and selected sectors of the equity portion of the portfolio will change from time to time in accordance with changing market conditions and economic trends.

The Fund’s primary exposure consisted of domestic industrial stocks (23%), domestic financial stocks (22%), domestic resources (5%) and domestic cash and NCDs (27%), with some exposure to foreign equities (20%) and foreign cash (3%) (as at 28 February 2017).

“We’re very happy to be able to celebrate this milestone for the Flexible Fund,” comments Anet Ahern, CEO of PSG Asset Management. “For us that means that we have delivered for the clients who have been invested with us for some time, and we have added new clients for whom we intend to do the same.”

In March, PSG Asset Management was named runner up for the Morningstar Award for best fund house in the larger funds range and earlier in 2017 was named the second-best management company in South Africa at the Raging Bull Awards. The PSG Balanced Fund was also named Best Aggressive Allocation Fund and Best South African Multi-Asset High-Equity Fund at the Morningstar and Raging Bull Awards respectively. The Flexible Fund follows the same investment approach as these award-winning funds.