The Prosperity IP Worldwide Flexible Fund of Funds (Prosperity), (co-managed by Investonline director, Nick Brummer) was ranked first in its category of Multi-Asset Worldwide flexible funds over three years in the Morningstar rankings, beating 41 funds to claim top spot. This outperformance is 5.5% per annum higher than the average fund in this category.
Since inception (19 September 2014) the Prosperity fund has produced an annualised 8.1% return to 13 April 2018 (source: Profile Data). This has mainly been achieved by taking measured risk in irrationally priced global asset classes.
Investor Profile
The fund is best suited to investors with a moderate risk profile who require a balanced local and global investment exposure with a conservative bias and capital preservation.
Fund Objective
The fund diversifies across geographical regions, asset classes and fund managers. Its objective is to provide investors with real, medium to long-term capital growth from a portfolio that maintains a moderate risk profile.
Fund Investment Strategy
The fund is managed conservatively with an emphasis on capital preservation. The strategy is to blend the asset allocation with our macro views while taking advantage of irrational pricing across all markets and to select the best funds to enhance our views.
Fund Manager Outlook
Global equity market valuations remain generally stretched. Pockets of value exist in certain emerging markets including South Africa. A shift towards value sectors is likely as global interest rates continue to rise. The outlook for the Rand remains positive, which should be driven by continued constructive political changes and supported by firm commodity prices as global synchronised economic growth continues.