Imara launches Equity Fund
Imara Asset Management South Africa, the Illovo-based subsidiary of the pan-African Imara financial services group, today (Friday, August 15) announced the launch of its first unit trust, the Imara Equity Fund.
The fund currently has a maximum 15% offshore exposure with the remainder committed to a mix of JSE-listed securities. A maximum cash holding of under 25% of the fund value is permitted. Manager of the Imara Equity Fund is Hannes Barnard, head of fund management at Imara Asset Management SA.
The fund was launched in response to demand from clients for an equity fund that mirrored the Imara investment house view .
Imara Asset Management CEO Dave Eliot commented: “Our philosophy and investment process drive our successful segregated portfolio management business and are embedded in our wrap funds; a key offering to clients whose level of assets would not normally justify individual portfolio management, or they may need a unit trust approach in their investment portfolios.
“It was a logical extension of our service to mirror the unit trust equity blend in our wrap funds also with our own houseview equity fund.
“Reaction from clients is extremely positive. New clients invariably come to us because they buy into our philosophy of applying a medium to long-term investment horizon, while taking a top-down and bottom-up approach to share selection. Our equity fund gives them a package they can trust to maintain this discipline.”
* The Botswana-registered Imara financial services group has offices and partners in Blantyre, Dubai, Edinburgh, Gaborone, Harare, Jersey, Johannesburg, London, Lusaka, Nairobi, Windhoek and Mauritius. Activities include corporate advisory services, stockbroking and asset management.
