Important Note ZAR

In calculating the current value of your investment, we have applied the long-term equity carve-out returns of Foord Asset Management's Global Balanced composite from 1 January 1990 to 31 August 2002. These returns are gross of fees and taxes. Performance from 1 September 2002 onwards is that of the Foord Equity Fund and is net of investment management fees but gross of any taxes. Past performance is no guarantee of future performance. Foord Asset Management and Foord Unit Trusts Limited disclaims any liability for any loss, liability, or damages (whether direct or consequential) of any nature whatsoever that may be suffered as a result of, or which may be attributable, directly or indirectly, to the use of or reliance upon the information provided.

Important Note USD

In calculating the current value of your investment, we have applied the long-term returns of the Foord International Trust. These returns are calculated from net of fees. Past performance is no guarantee of future performance. Foord Asset Management (Guernsey) Limited disclaims any liability for any loss, liability, or damages (whether direct or consequential) of any nature whatsoever that may be suffered as a result of, or which may be attributable, directly or indirectly, to the use of or reliance upon the information provided.

Global Macro Multi-Strategy Portfolios

Composite Characteristics

These mandates take both long and short exposures to securities in all available asset classes both in South Africa and abroad. Protection of capital is emphasised while targeting low volatility, inflation-beating returns over rolling three-year periods.

Investment objectives

To exceed CPI + 8% per annum over rolling three-year periods, while never sustaining a monthly loss in excess of 5% and maintaining volatility below a target level (being two-thirds of the volatility of the SA share market).

Specific Restrictions

The portfolios are currently restricted to 20% offshore exposure, while gross derivative exposure may not exceed 40% of portfolio.

Differentiating Features

Within these mandates, clients have prioritised the requirement for a low volatility return profile and maximum monthly loss of 5%. The graph below reflects the success in restricting monthly losses to below the maximum 5% limit – even during periods of severe market stress. The requirement to maintain a low volatility return profile has been achieved, with the standard deviation of rolling one-year returns well below the target level of two-thirds of the volatility experienced by the FTSE/JSE All Share Index.

Availability

Minimum segregated account size: Negotiable from R250 million

Historic Investment Returns

The investment return information reflected below is in respect of a composite of institutional mandates managed on a segregated basis.

* SA CPI + 8% per annum

Contact us

For more information on Foord’s capabilities or to enquire about Foord’s product range please contact:

William Fraser
021 532 6935
william.fraser@foord.co.za

Mike Soekoe
021 532 6906
mike.soekoe@foord.co.za

Paul Cluer
021 532 6925
paul.cluer@foord.co.za

Investment Returns

Overview