Rezco outperforms for the second year in a row

For the second year in a row Rezco Value Trend Fund has won a prestigious Raging Bull Award, outperforming all its competitors in the flexible asset allocation sector over five years.

Rezco’s strategy has enabled the fund to show a return of 19.6 percent a year over the five years to December 2009. The Raging Bull reflects a combination of risk adjusted returns, consistency, down-side risk and managerial skill.

Wally Gray, Rezco fund manager, says since its establishment five years ago, the fund has shown consistent positive performance well ahead of the overall market and quite uniquely, continued to deliver a positive performance during the substantial meltdown in the year to March 2009. “The international environment has changed fundamentally in recent years, necessitating a much more flexible approach to managing investment risk while taking hold of investment opportunities. Simply staying relatively fully invested in either equity funds or index options is now a higher risk strategy,” he says.

Gray says the need for a flexible approach is starkly illustrated by the sharply contrasting performance of various global markets. For example while the US Dow Jones index showed only an insignificant return for the first 10 years of this century, the JSE All Share index appreciated more than three fold over the decade. “The buy and hold philosophy spawned by a 25 year bull market is clearly no longer a secure strategy. The need for flexibility to invest where growth is best is vital,” he says.