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South African Bond Portfolios

Composite Characteristics

These mandates invest in fixed and variable rate interest bearing instruments listed on the JSE Limited and Bond Exchange of South Africa as well as unlisted money market instruments.

Investment objectives

To exceed the All Bond Index return by 5% per annum over rolling three-year periods, but also to outperform cash.

Specific Restrictions

Interest bearing instruments only; no duration restrictions apply.

Differentiating Features

Foord’s investment focus is on absolute value investing in all mandates – that is, aiming to avoid losses in any rolling 12-month period. This is more challenging in volatile, single asset class mandates such as bond portfolios. However, risk of loss can be reduced substantially by removing any duration restrictions and allowing the fund manager full discretion regarding the weighted average maturity of the instruments in the portfolio. The graph below reflects the rolling three-year actual returns achieved for clients since inception on 1 January 2005 compared to the returns achieved by the BESA All Bond Index (ALBI) and cash returns as represented by the Alexander Forbes cash index per annum.

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.

* BESA All Bond Index

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