Unit Trusts
/ Overview
At Cadiz Collective Investments we continue to build a specialist unit trust company, with the unit trust funds that we offer reflecting Cadiz Asset Management's unique strengths in quantitative methods and risk management, and its fundamental value investment philosophy.
The following is a brief summary of our current unit trust fund offering. The funds are ranked by risk profile from lowest risk to highest:
- The Cadiz Money Market Fund unit trust is the top performing money market unit trust fund over almost all measurement periods since its inception (source: Morningstar), and has the lowest annual management fee (0.25% excluding VAT) in the industry. It is ideally suited for investors seeking a 'parking bay' or a phasing-in vehicle, as it aims to provide investors with a higher return than bank savings accounts and term deposits;
- The Cadiz Absolute Yield Fund unit trust, which can invest across the range of fixed interest instruments, including cash, corporate and government bonds, derivatives, property and preference shares, and is therefore suitable for investors who require a lower risk exposure to the fixed interest market, is among the top performing varied specialist fixed interest unit trust funds (source: Morningstar);
- The Cadiz Managed Flexible Fund unit trust (previously Cadiz Balanced Fund) is a 'one-stop' investment solution that effectively reflects the house view of Cadiz Asset Management (CAM). CAM manages in excess of R 55 billion (30 September 2009) and has one of the longest standing investment teams in South Africa. The Cadiz Managed Flexible Fund (previously Cadiz Balanced Fund) is, therefore, ideally suited for those investors who would prefer to rely on our specialist skills in deciding on the appropriate asset allocation mix;
- The Cadiz Inflation Plus Fund unit trust is suitable for investors seeking consistent inflation-beating returns (CPIX + 5%) over rolling 36-month periods, while targeting capital protection over rolling 12-months. In the period since the fund's inception, it is well on its way to achieving this objective;
- The Cadiz Equity Ladder Fund unit trust is a 'protected equity' investment that is aimed at investors who require unlimited exposure to positive equity market growth, but with protection in the event that the equity market tracks down. This unit trust fund benefits from a level of Cadiz's unique derivatives track record - Cadiz has been the top rated derivatives house for the past 13 years (source: Financial Mail) - and Cadiz Asset Management's equity stock-picking skills, and is currently among the top performers when compared to equity mandated unit trust funds. It is in periods of increased market volatility such as we are experiencing currently that we expect the benefits of this fund to come to the fore; and
- The Cadiz Mastermind Fund unit trust is a value investing biased unit trust fund and is suited to investors requiring strong capital growth and who can tolerate higher levels of volatility.
