Overview
Kagiso Asset Management has been managing investments on behalf of institutional clients since 2001. We offer a narrow range of funds across the risk spectrum, specifically specialist equity, bond, money market and absolute funds, as well as a domestic balanced fund that combines asset classes.
Our funds are generally available in segregated or pooled forms, with certain funds also available in collective investment scheme (CIS) form. Investments in similar mandates are variants of the same investment research process with different risk/reward objectives.
Should you have any questions or require assistance, kindly contact Michelle Ismay on mismay@kagisoam.com or +27 21 673 6300.
Institutional Mandates
We offer a narrow range of funds, which are focused only on areas where we believe we can excel for clients. These include:
1. Equity Funds
- Managed Equity Funds (performance-focused)
- Core Equity Funds (risk-controlled)
- Bond Fund
- Money Market Fund
- Balanced Fund
- Absolute Return Fund
The long-term performance track record of our various funds is proof of the ultimate effectiveness of our people and our process.
Overview
Our equity funds aim to be fully invested in South African equities on a consistent basis and are positioned in the best ideas from Kagiso Asset Management's bottom-up research process.
The following products are available:
Managed Equity Funds (performance-focused)
Our Managed Equity funds aim to maximise outperformance of their respective benchmarks consistently over the long term and do not have explicit risk constraints.
Core Equity Funds (risk-controlled)
Our Core Equity funds operate within specific risk constraints, which are normally expressed in terms of maximum permitted tracking error. Operating within these constraints the Core Equity funds aim to maximise outperformance of their benchmark.
The above two funds both draw on Kagiso Asset Management’s bottom-up research process but differ in respect of their portfolio construction and management.
Managed Equity Fund
Fund Objective
To significantly outperform its benchmark over time. The fund aims to be fully invested in South African equities on a consistent basis, and actively positioned in the best ideas from Kagiso Asset Management's bottom-up research process.
Fund Mandate
The fund invests in South African equities and does not have explicit risk constraints.
Benchmark
FTSE/JSE SWIX index*
*Segregated mandates may be available with alternative benchmarks.
Investment Vehicle
The fund is available in segregated or pooled form.
Fund Factsheet
For more information on this fund please read the fund factsheet.
Factsheet download links for 2013
Factsheet download links for 2010
Factsheet download links for 2009
Require more information?
Core Equity Fund
Fund Objective
To maximise performance within a reasonably tight tracking error constraint. The fund aims to be fully invested in South African equities on a consistent basis, and conservatively positioned in the best ideas from Kagiso Asset Management's bottom-up research process. Significant emphasis is placed on risk management relative to the benchmark.
Fund Mandate
The fund invests in South African equities within a reasonably tight tracking error and is more conservatively managed than the Managed Equity fund.
Benchmark
FTSE/JSE SWIX index
*Segregated mandates may be available with alternative benchmarks.
Investment Vehicle
The fund is available in segregated or pooled form.
Fund Factsheet
For more information on this fund please read the fund factsheet.
Factsheet download links for 2013
Factsheet download links for 2012
Factsheet download links for 2010
Factsheet download links for 2009
Require more information?
Overview
Our fixed income funds aim to be fully invested in South African fixed income securities on a consistent basis and are positioned in the best ideas from Kagiso Asset Management's bottom-up research process.
The following products are available:
Bond Fund
Fund Description
The fund aims to significantly outperform its benchmark over time. The fund offers exposure to the South African bond market and invests in a range of government, parastatal and corporate bonds. The fund is actively managed and performance is achieved by identifying investment opportunities across the interest rate spectrum.
The bulk of outperformance is expected to be achieved via duration management with credit management also contributing.
Fund Mandate
The fund invests in South African bonds and money market instruments.
Benchmark
BESA All Bond index
Investment Vehicle
The fund is available in segregated or pooled form.
Fund Factsheet
For more information on this fund please read the fund factsheet.
Factsheet download links for 2013
Factsheet download links for 2010
Factsheet download links for 2009
Require more information?
Money Market Fund
Fund Objective
To maximise interest yields subject to strictly defined credit and risk parameters. This is a low risk product with a strong focus on capital protection. The fund invests in money market instruments such as negotiable certificates of deposit, treasury bills, fixed deposits, short-term corporate paper and conduit paper. All investments have a maximum maturity of 12 months or less.
Fund Mandate
The fund invests in South African money market instruments with a maturity of 12 months or less and has a maximum duration limit of 120 days.
Benchmark
Alexander Forbes STeFI Composite index
Investment Vehicle
The fund is available in segregated or pooled form.
Fund Factsheet
For more information on this fund please read the fund factsheet.
Factsheet download links for 2013
Factsheet download links for 2010
Factsheet download links for 2009
Require more information?
Overview
Our asset allocation funds are positioned in the best ideas from Kagiso Asset Management's bottom-up equity research process and use asset allocation strategies to reduce volatility and risk and to optimise long-term performance.
The following products are available:
Balanced Fund
Fund Objective
To significantly outperform the median manager in the domestic retirement fund manager peer group. The fund has a balanced mandate and investments are diversified across equities, bonds and cash. The fund is actively managed and positioned in the best ideas from Kagiso Asset Management's bottom-up research process. The fund is structured to comply with Regulation 28 of the Pension Funds Act.
Fund Mandate
This fund is compliant with the prudential regulations for a domestic balanced fund.
Benchmark
Median return of Alexander Forbes SA Manager Watch: Best Investment View survey.
Investment Vehicle
The fund is available in segregated and pooled form.
Fund Factsheet
For more information on this fund please read the fund factsheet.
Factsheet download links for 2013
Factsheet download links for 2011
Factsheet download links for 2010
Factsheet download links for 2009
Require more information?
Absolute Return Fund
Fund Objective
To achieve reliable real rates of returns in the medium to long term, while significantly lowering the chance of rolling negative returns over a reasonably short time horizon, ie two years. It aims to do this with relatively low portfolio volatility and with low potential for severe downside movements. In order to achieve this objective, the fund uses a dynamic asset allocation strategy to reduce volatility and downside risk and is positioned in the best ideas from Kagiso Asset Management's bottom-up research process.
Fund Mandate
This fund is an absolute return fund.
Benchmark
Risk adjusted returns of an appropriate SA large cap index.
Performance Target
CPI + 5% p.a.
Investment Vehicle
The fund is available in segregated, pooled or Collective Investment Scheme (CIS) form.
Fund Factsheet
For more information on this fund please read the fund factsheet.
Factsheet download links for 2013
Factsheet download links for 2012
Factsheet download links for 2010
Factsheet download links for 2009
Require more information?
Performance Record
The long-term performance track record of our various funds is proof of the ultimate effectiveness of our people and process.
To view the current performance of our institutional funds, click here.
