The PSG Flexible Fund was recently the proud recipient of two Raging Bull Awards - the best Domestic Asset Allocation Flexible Fund (top performance for the three year period ending 31 December 2010) and the best Domestic Asset Allocation Flexible Fund (top performance on a risk-adjusted basis for the five year period ending 31 December 2010). From left is Jan Mouton, fund manager, Henno Vermaak and Paul Bosman, equity analysts.
Commenting on the awards, Jan Mouton said: “We aim to give our clients high returns, but at lower levels of risk. Over the past 5 years we have achieved this goal as the fund not only outperformed its benchmark, but also the FTSE/JSE All Share Index (the ALSI). Pleasingly, this performance was achieved at a level of risk significantly lower than that of the ALSI.”
The PSG Flexible Fund follows an unconstrained mandate and can invest in all asset classes. The core of the successful investment philosophy has been to buy shares in exceptional businesses at low valuations and allowing the value of these investments to be realised over time.
Asset allocation is done based on opportunity: If we can find many undervalued shares, we have higher equity exposure and lower cash exposure. However, if opportunities are scarce we patiently wait in cash. This strategy has proven to provide investors with the best of the upside, and protection on the downside. A winning strategy for long-term investors.
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