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Cadiz Managed Flexible Fund Announced as the Best Domestic Asset Allocation Prudential Fund
26 January 2012
Press Release
The Cadiz Managed Flexible Fund is a prudentially managed (ie
complies with Regulation 28 of the Pension Funds Act) balanced unit
trust fund, which aims to provide investors with a balance between
capital growth and income over the medium to long term. The fund
offers medium risk, diversified exposure to equities, property and
fixed interest instruments and places an emphasis on active stock
selection, as well as sector and asset allocation. The fund
returned 15.07% per annum (source: Morningstar) for the three years
to end December 2011, being the consideration period for this
award.
Commenting on the outlook for the fund, portfolio manager and
chief investment officer, Francois van Wyk said; 'We believe that
growth expectations will bottom out and improve towards the second
half of 2012 and, while Developed Market inflation is still high,
policymakers are more concerned with economic growth. As a result
policy rates are likely to remain supportive and therefore any
normalisation in risk appetite will be good news for Emerging
Markets (including South Africa), equities and commodities, and as
a result we have positioned the fund more in undervalued cyclical
and risk assets. We would caution though that volatility is likely
to remain elevated'.
Paul Hutchinson, head of Cadiz Collective Investments said; 'We
recognise that sustained investment excellence is a key determinant
to the success of any unit trust Manager. We are therefore
extremely gratified to have received this further public validation
of the enormous effort being made by the investment team at Cadiz
Asset Management to deliver on each of our six unit trust funds'
investment mandates'.
In 2011 Cadiz Asset Management was recognised as the Best
Specialist Fund House by Morningstar. In addition, the Cadiz
Absolute Yield and Inflation Plus (also managed by Francois van
Wyk) received 2011 Morningstar Fund Awards in the Cautious
Allocation and Flexible Allocation categories respectively, and the
Cadiz Managed Flexible Fund was announced as the South African
Balanced Fund of the Year at the Africa Fund Manager Performance
Awards.
For further information, please contact Sonia Jamoulle on
021-657-8552, Communications and Investor Relations Manager at
Cadiz