Dear
Client
I
am glad that you have been patient with the underperformance of our Balanced FoF
during 2016 as it is busy making a comeback, already at more than 11% YTD. It
has already wiped out the -8.69% loss of 2016 and the CAR (Cumulative average
return since inception), nett of all fees has moved up to 12.08%, moving back to
its long term average CAR of 14%.
One
of the main contributors of the good growth this year has been our 25% exposure
to two fantastic offshore funds, namely Old Mutual Global (10%) and Sanlam India
15%. The Indian fund’s YTD is already at 43.33%! We expect good growth in
India for at least the next 12 Months.
You
may find the latest news on India Interesting (click here to read the article).
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