All Star investing a winner for STANLIB Multi-Manager
The STANLIB Multi-Manager All Stars Equity Fund of Funds has topped the R100 million-mark only six months after launch confirming the pulling power of the top performing asset managers.
STANLIB Multi-Manager launched the product in recognition of the investing publics tendency to chase the best long-term performing managers in the unit trust universe. The STANLIB Multi-Manager consolidates between two and six funds into a single product with the aim of outperforming their equity peer group.
Florbela Yates, Investment Marketing Manager at STANLIB Multi-Manager, commented: "We're delighted by the success of our All Stars Fund. It is great for independent financial advisers who are trying to build a solid equity portfolio for their clients in a tax-efficient manner.
"All Stars is a simple and efficient solution that consolidates the star equity unit trust managers into one fund and in the process relieves stress from advisers who would otherwise have to continuously monitor the underlying managers and make the changes on behalf of the client."
A key aspect of the funds success is its full exposure to equity growth during the JSEs recent strong run.
Florbela Yates added: "All Stars is a pure equity fund, which means that since the launch date its supporters have enjoyed solid growth. Equities exhibit high volatility, but historically deliver the best long-term returns, making a pure equity product such as this a key element in a well diversified portfolio."
