Managed Fund Anniversary 2015: From left to right: Fouché Brand (Executive Officer: Private Clients, Tertius Liebenberg (Managing Director), Tarina Biewenga (Portfolio Advisor: Private Clients), Relf Lumley (Portfolio Manager), Shaun Namaseb (Portfolio Manager), Elna Brink (Portfolio Manager: Fiduciary Services), Wim Boshoff (Portfolio Manager: Private Clients)
On Thursday, 3 December 2015, the Bank Windhoek Managed Fund reached yet another significant milestone in its already acclaimed existence by celebrating its third birthday.
Since its inception back in 2012, the fund has grown quite remarkably and produced market-leading returns for the numerous investors within the fund.
“In just three short years up to the end of November this year, the fund has amassed a total of N$675 million in assets under management of which the vast majority has taken place over the past 12 months,” said Tertius Liebenberg, Managing Director at Capricorn Asset Management, who manages the fund.
“Much of the Bank Windhoek Managed Fund’s popularity has to do with the extraordinary returns which the fund has delivered over the past three years. Investors in the fund have witnessed growth of 16.4% per annum, gross of fees, since its inception which represents a return above inflation of 11.5% per annum,” Liebenberg continued.
The target return of the fund has always been to beat inflation by 6% per annum over the long term and the fund has managed to achieve this demanding feat with some room to spare.
Another noteworthy accolade for the fund during the 2014 calendar year, was when the fund was ranked 1st out of eight funds in its class in Namibia and 6th out of a total of 150 similar type funds in Namibia and South Africa.
Liebenberg emphasised that even though returns are of much importance for any investor, the true value of the fund lies in the active management style of the fund. The fund manager has the mandate to maneuver the underlying asset classes within the fund to minimize risk within the fund on the one hand whilst having the ability to grab opportunities to enhance returns on the other hand. This is achieved whilst maintaining an excellent diversification between the various asset classes.
“Over the past three years the fund has made a significant contribution to the financial wellbeing of the unit holders.” Liebenberg explained. “We are pleased to announce that all the investors from the 1st day on the Bank Windhoek Managed Fund are still invested in the fund today and are witness to the remarkable value that the fund has added to their investment portfolios,” says Liebenberg.
The typical investor in the Bank Windhoek Managed Fund is a medium- to longer-term investor who seeks a cost-effective and convenient way to obtain exposure to a well-diversified, actively managed investment portfolio geared towards beating inflation over the longer term.
The investor must be willing to be exposed to a medium to high level of market volatility and hopes to achieve a return of inflation plus 6% or more over the longer term. Typically, the client will have an investment time horizon of 5 years and longer.
“As a team we are proud in our achievements and we look forward to a prosperous future with our clients,” Liebenberg said.