Dear Client
25 March 2014
Here you can find a
report from Money Mate International, according to which Kanaan Balanced
Fund of Fund, in which you are invested, has done very well over the 6
month period, since the 1st of August 2013 (when we decided to
invest more in growth funds and to switch at least 20% to regulated offshore
funds, which is the maximum we are allowed to switch). You will notice
that the fund ranked 34th over the 6 month period, compared to 148
funds in the category Multi Assets High Equity and came 4th
compared to other fund of funds. Of course you want to be in a fund
of fund so that you are much better diversified. You will notice that the
fund returned 9.8% over the 6 month period. If we can maintain this
growth rate, you may see 18% for the 12 month period. (See attached page 1 –
3).
Kanaan Flexible Fund of Fund is
managed similarly to Kanaan Balanced, but without the restriction of the Pension
Fund Act, where we are required to hold 25% in the Money Market. Kanaan
Flexible came 21st over the 6 month period in the flexible category,
and 4th amongst Fund of Funds in the Flexible Category, with
11.17% growth over the 6 month period. (page 3 – 5).
Friendly Greetings
Andre Delport
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