Winning at the Raging Bull Awards

Behind a house, the ability to earn an income – both pre-retirement and during retirement – is a major decision that one undertakes.

Placing trust in an investment company to look after your future income is no small feat; it therefore makes sense that clients will look for validation that asset managers are worth the fees that they are asking.

The Raging Bull awards aims to achieve this, rewarding hard work within the industry and providing the public with an indication on who the industry’s top companies are.

Top of the pile

Old Mutual was recognised for its top performing Global Equity Fund at the 2017 Awards.

For the fifth consecutive year, the Old Mutual Global Equity Fund was awarded top performance by a Domestic Collective Investment Scheme for the three-year period ending 31 December 2016 in the category Best (South African Domiciled) Global Equity General Fund. 

The Fund also took home the award for the best performance on the basis of risk-adjusted returns by a Domestic Collective Investment Scheme for the five-year period ended 31 December 2016 in the category (South African Domiciled) Global Equity General.

Denominated in Rands, the Global Equity Fund provides South African investors exposure to investment best practice ideas across global equity markets, and seeks to offer investors diversified exposure to quality assets across the globe. “With exposure to top quality international brands including Apple, Amazon, Pfizer, Verizon, Intel and Microsoft, the Fund is suited to those wanting to build their own solutions or add additional offshore exposure to their portfolios,” says Elize Botha, Managing Director of Old Mutual Unit Trusts.

Diversified achievement

Sanlam also performed well at the Awards. The winner of the Best South African Interest-bearing Short-term Fund was the Enhanced Yield Fund, the winner of the Best South African Equity Mid- and Small-cap Fund was the SIM Small Cap Fund and the winner of the Best Offshore Far East Equity General Fund was the SIIP India Opportunities Fund.

Melville du Plessis, who manages the SIM Enhanced Yield Fund, says that the track record of the Fund demonstrates its ability to outperform during increasing and decreasing interest rate cycles as well as in favourable and unfavourable credit market environments.

Its benchmark is the STeFI + 0.5%, but since its launch in May 2011 the SIM Enhanced Yield Fund has beaten the STeFI by 1.36% p.a., which is an unusually large outperformance for a fixed interest fund, limited to cash, government, corporate and inflation-linked bonds.

Boutiques also rewarded

The Raging Bull Awards are not exclusively for large investment companies. There has been an increased focus on boutique asset management companies with a few of them proving that they can run with the big boys.

Boutique equity and balanced fund managers Centaur Asset Management performed well at the Awards three awards in the face of stiff competition from larger companies in the market.

Their Awards included a Raging Bull Award for top performance by a Domestic Collective Investment Scheme on a Risk-adjusted Basis, for the five year period to end December 2016, in the category Best South African Multi-Asset Flexible Fund, for their Centaur BCI Flexible Fund.

They also received Raging Bull Awards for their Centaur BCI Flexible and Balanced Funds, for top performance by a Domestic Collective Investment Scheme, for the three year period to the end of December 2016, in the sub-categories South African Multi-Asset Flexible and South African Multi-Asset High Equity, respectively.

Measuring trust

While these awards are a good indication regarding which companies are the industry’s best performers, it is worthwhile noting that people measure trust in different ways.

This is why the diversified nature of the Raging Bull Awards becomes appealing. It gives a balanced indication when it comes to industry performance, and provides a variety of insight that appeals to the largest possible target market.

Editor’s Thoughts:
Measuring trust is also a dynamic exercise. It will be interesting to see what the future of the Awards holds and who gets recognised in the future. Please comment below, interact with us on Twitter at @fanews_online or email me your thoughts jonathan@fanews.co.za.

The 2017 Raging Bull Awards and Certificate Winners are as follows:

Top Outright Performers

Raging Bull Award for outright performance by a domestic equity general fund over 21 years
Investec Equity Fund

Best South African Equity Industrial Fund
Coronation Industrial Fund

Best South African Equity Financial Fund
Nedgroup Investments Financials Fund

Best South African Equity Resources Fund
Investec Commodity Fund

Best South African Equity Mid and Small Cap Fund
Sanlam Investment Management Small Cap Fund

Best South African Equity General Fund
Investec Value Fund

Best South African Multi-Asset Flexible Fund
Centaur BCI Flexible Fund

Best South African Multi-Asset Low-Equity Fund
Allan Gray Optimal Fund

Best South African Multi-Asset Medium-Equity Fund
Nedgroup Investments Opportunity Fund

Best South African Multi-Asset High-Equity Fund
Centaur BCI Balanced Fund

Best South African Interest-Bearing Variable-Term Fund
Coronation Bond Fund

Best South African Interest-Bearing Short-Term Fund
Sanlam Investment Management Enhanced Yield Fund

Best South African Multi-Asset Income Fund
Prescient Income Provider Fund

Best South African Interest-Bearing Fund
Prescient Income Provider Fund

Best South African Real Estate Fund
Absa Property Equity Fund

Best (SA-Domiciled) Global Multi-Asset Flexible Fund
MI-PLAN IP Global Macro Fund

Best (SA-Domiciled) Global Multi-Asset Low Equity Fund
Nedgroup Investments Global Cautious Feeder Fund

Best (SA-Domiciled) Global Multi-Asset High Equity Fund
Allan Gray-Orbis Global Fund of Funds

Best (SA-Domiciled) Global Real Estate Fund
Grindrod Global Property Income Feeder Fund

Best (SA-Domiciled) Worldwide Multi-Asset Flexible Fund
Flagship IP Worldwide Flexible Fund of Funds

Best (SA-Domiciled) Global Equity General Fund
Old Mutual Global Equity Fund

OFFSHORE FUND AWARDS

Best (FSB-Approved) Offshore Europe Equity General Fund
Templeton Euroland Fund

Best (FSB-Approved) Offshore USA Equity General Fund
STANLIB Offshore America Fund

Best (FSB-Approved) Offshore Far East Equity General Fund
SIIP India Opportunities Fund

Best (FSB-Approved) Offshore Global Real Estate General Fund
Grindrod Global Property Income Fund

Best (FSB-Approved) Offshore Global Fixed-Interest Bond Fund
M&G Global Government Bond Fund

Best (FSB-Approved) Offshore Global Asset Allocation Fund
Nedgroup Investments Global Flexible Fund

Best (FSB-Approved) Offshore Global Equity Fund
Contrarius Global Equity Fund (Ireland)

TOP RISK-ADJUSTED PERFORMERS

Raging Bull Award for risk-adjusted performance by a domestic asset
allocation fund over 21 years
Investec Managed Fund (R/A)

Best South African General Equity Fund on a Risk-Adjusted Basis
NGI Private Wealth Equity Fund A

Best South African Multi-Asset Low-Equity Fund
NFB Ci Cautious Fund of Funds A

Best South African Multi-Asset Medium-Equity Fund
Nedgroup Investments Opportunity Fund A

Best South African Multi-Asset High-Equity Fund
PSG Balanced Fund A

Best South African Multi-Asset Equity Fund on a Risk-Adjusted Basis
NFB Ci Cautious Fund of Funds A

Best South African Multi-Asset Flexible Fund on a Risk-Adjusted Basis
Centaur BCI Flexible Fund A

Best South African Interest-Bearing Variable Term Fund on a Risk-Adjusted Basis
Coronation Bond Fund R

Best South African Interest-Bearing Short-Term Fund on a Risk-Adjusted Basis
Coronation Jibar Plus Fund A

Best South African Multi-Asset Income Fund on a Risk-Adjusted Basis
Prescient Income Provider Fund A1

Best South African Real Estate Fund on a Risk-Adjusted Basis
Absa Property Equity Fund A

Best (SA-Domiciled) Global Equity General Fund on a Risk-Adjusted Basis
Old Mutual Global Equity Fund A

Best (SA-Domiciled) Global Multi-Asset Low-Equity Fund on a Risk-Adjusted Basis
Coronation Global Capital Plus [ZAR] Feeder Fund A

Best (SA-Domiciled) Global Multi-Asset High-Equity Fund on a Risk-Adjusted Basis
Allan Gray-Orbis Global Fund of Funds A

Best (SA-Domiciled) Global Real Estate Fund on a Risk-Adjusted Basis
Catalyst Global Real Estate Prescient Feeder Fund A

Best (SA-Domiciled) Global Multi-Asset Flexible Fund
Nedgroup Investments Global Flexible Feeder Fund A

Best (SA-Domiciled) Worldwide Multi-Asset Flexible Fund
Platinum MET Worldwide Flexible Fund A

OFFSHORE RISK-ADJUSTED FUND AWARDS

Best (FSB-Approved) Offshore Europe Equity General Fund on a Risk-Adjusted Basis
Templeton Euroland Fund

Best (FSB-Approved) Offshore USA Equity General Fund on a Risk-Adjusted Basis
STANLIB Offshore America Fund

Best (FSB-Approved) Offshore Far East Equity General Fund on a Risk-Adjusted Basis
Ashburton Chindia Equity Fund

Best (FSB-Approved) Offshore Global Real Estate General Fund on a Risk Adjusted Basis
Catalyst Global Real Estate UCITS Fund A

Best (FSB-Approved) Offshore Global Fixed-Interest Bond Fund on a Risk-Adjusted Basis
M&G Global Government Bond Fund

Best (FSB-Approved) Offshore Global Equity General Fund on a Risk-Adjusted Basis
Contrarius Global Equity Fund (Ireland)

Best (FSB-Approved) Offshore Global Asset Allocation Fund on a Risk-Adjusted Basis
Nedgroup Investments Global Flexible Fund

TOP MANAGEMENT COMPANIES OF THE YEAR

Offshore Management Company of the Year
Nedgroup Investments

South African Management Company of the Year – Third Place
Nedgroup Investments

South African Management Company of the Year – Second Place
PSG

South African Management Company of the Year
Allan Gray