Annual Investor Communication 2016

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2016 marked two milestones, being the 12-year track record for the Rezco Value Trend Fund, and 6 years for the Rezco Managed Plus Fund. We have retained our focus on the same number of Rezco Funds as in 2015, giving our investors clearly positioned unit trusts. A sincere thanks to investors in all our Funds. […]

FA News: The importance of low correlations in investments: The benefits of diversification

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Investors cannot afford to miss out on any opportunity that exists to strengthen their investment portfolios. Capitalising on the knowledge of correlation allows investors to strengthen their portfolios by harnessing the benefits of diversification. Read more here: FA News: The importance of low correlations in investments: The benefits of diversification

Annual Investor Communication 2015

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It is with pleasure that Rezco can report another year of excellent progress, growth and solid returns. Assets under management grew substantially and we sincerely thank all our investors for entrusting the care of their capital to us. The investment returns for the 12 months ending 31 August 2015 were solid. The good performance has […]

Morningstar Investment’s Award Winning Fund

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Victoria Reuvers, Director, Morningstar Investment Management SA joins CNBC Africa’s Lindsay Williams for more on our Rezco Value Trend A fund. “It is a multiple award winning fund and has achieved returns complemented with substantially lower volatility. Its benchmark is the FTSE/JSE All Share Index.” source: CNBC Africa

Fund Manager Report

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It is the 10 year anniversary for the Value Trend fund so it is a good opportunity to thank everyone for their support. The report clearly lays out our thinking on the current market turmoil and our fund positioning.

ARE THE BRICS FALLING OUT OF FASHION?

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While BRICS have been dominating the headlines lately, investment returns have not been too impressive over the last year or so. There might be a sector switch out of BRICS into developed markets. In South Africa’s case this could be prompted by an unsustainable current account deficit. One of our portfolio managers, Rob Spanjaard, joins […]

Our Rosebank Offices

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Here are a few images of our new Rosebank offices, 80 meters from the Rosebank Gautrain station 🙂 These offices were designed in-house with help from designer and craftsman David Krynauw. The intention behind the design was to create an environment that facilitates clear and innovative thinking in a relaxed but high performance environment.

REZCO VALUE TREND FUND WINS THIRD RAGING BULL AWARD

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Our REZCO Value Trend Fund, one of South Africa’s top performing unit trusts, has received its third prestigious Raging Bull award during a ceremony held at The Wanderers in Johannesburg last night. Our REZCO Value Trend Fund won in the category Domestic Asset Allocation Flexible Fund on a . This is the third Raging Bull award […]

Annual Investor Communication 2012

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The past year was characterized by times of intense volatility in investment markets. The financial year started with severe investor concern regarding the prospects for Europe and the Euro with many pundits even forecasting a possible dissolution of the Euro zone and ensuing financial chaos. The year continued with the USA economy and employment numbers […]

Balanced Funds: A Safer Approach to Investing In Volatile Markets

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The current volatile global economy and onset of a stricter regulatory environment in the financial services industry by the Financial Services Board (FSB) has resulted in a large number of financial advisors opting to outsource asset allocation to balanced funds. This essentially entails the financial advisor allocating a larger portion of their client’s portfolio to multi-asset balanced funds from traditional asset […]

Beautiful Boutiques

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Although the word boutique arouses feelings of exclusivity accompanied by exorbitant fees, this is no longer the case. In the last decade there has been a large number of boutique asset managers entering the fray and justifiably so. Boutique asset managers have been able to considerably out perform their larger institutional rivals for a number […]

Why gold is no good

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Investors who are looking towards the recent slump in commodity prices – which has seen many resource stocks plunge on the Johannesburg Stock Exchange (JSE) – as a good buying opportunity, are likely to be severely disappointed. Featured on justmoney.co.za, 03 July, 2012 Read the full article here…

Discovering REZCO with Wally Gray

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Preserving Capital – Creating Wealth In recent years, the majority of new entrants to the unit trust industry have opted to establish what were commonly known as “white label” funds. This essentially enabled them to asset manage and market funds by piggybacking on the licence of a registered unit trust management company. Few aspirant unit […]

Consolidate Now For Long Term Growth

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The end of 2011 was characterized by a market mood of despair in international markets. The consensus was that the European crisis could only end badly. For this reason many markets participants ended the year and went into the New Year very underexposed to risk assets in general and equities in particular. We expressed a […]

Rezco Appoints New Director

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We are delighted to advise you that financial services stalwart, Bernie Nackan, has been appointed to the board of Rezco Collective Investments, manager of the Rezco unit trusts. Bernie has most recently acted in a consulting capacity to Rezco. He joins Rob Spanjaard, Peter Du Toit Ron Cape and I, on the Board as a […]

Key Investment Themes for 2012

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After completing a strong year in 2011, the fund has started 2012 on a very buoyant note. Current Fund Structure The Rezco Value Trend fund is classified in the Domestic Asset Allocation Flexible sector. As at 27 January 2012 the fund was near its maximum allowable exposure to foreign equities and foreign cash holdings which […]

Europe Going Forward

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We believe that the Joint ECB, FED action of last week was extremely significant. It amounted to stealth Quantitative Easing for Europe. This should continue to drive the market higher but expect volatility. The market result is the probability that the end of this year and the first quarter of 2012 will look similar to […]

Update on the Euro Crisis

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Summary In this note we recap the background to this crisis. We go on to make the point that the European Central Bank (ECB) can solve the problem and we believe will do so. The ECB however needs to keep the sense of crisis to motivate the politicians to make well needed reforms and adjustments. […]

Unpacking the European Crisis

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The September quarter was very trying on investors’ nerves. This commentary will seek to unpack what has happened since the end of the last quarter when the outlook for stocks and the world economy was decidedly rosy. In our last report we warned that icebergs were lurking in the form of sovereign debt issues in […]

Who has been swimming naked?

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A time of market turmoil is always a great opportunity to assess a fund’s true performance. What investors want to know is how much return was generated per unit of risk. The essence of the wisdom contained in the above quote is that in a rising market all things ride with the tide, it is […]

SA Unit Trusts – The Best Is Still To Come

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Globally, unit trusts (mutual funds) have become an important part of the financial system over the past 20 years. This is also true of South Africa however, despite considerably more rapid growth of the local industry over this period than in the US – the world’s biggest unit trust market – penetration of the investor […]

How does one find stable protection in a volatile world?

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“How do investors find sustainable protection as well as sutainable growth within a world that lurches from crisis to crisis” Rezco is strongly committed to enhancing its track record of delivering a secure balance between risk and growth for investors entrusting the care of their capital to us. Rezco’s main focus is to deliver good […]

Rezco Launches Rezco Prudential Fund

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Rezco, well known for the performance of its Value Trend Fund, will be expanding with the launch on 2 August of its second fund, the Rezco Prudential Fund. The new fund, which will be classified in the Domestic Allocation – Prudential Variable Equity Fund category, will target both the institutional pension fund sector as well […]

Finding True Value

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Consistency in volatility Rezco’s decision to maintain cash at the high level of 60% turned out to be correct. The All Share index shed another 8.2% over July with the fund also realizing a dip in performance. Declines in the resource sector and a strong Rand which adversely affected our offshore exposure combined to bring […]

MorningStar Award for Rezco

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Rezco Value Trend, one of South Africa’s top performing unit trusts, has received a second prestigious industry award. Rezco has been selected by the international rating agency, Morningstar, as the top performer in the Flexible Asset Allocation sector for the three years to 31 December 2008. The Morningstar Awards were restricted to the elite 15 […]

Climbing Walls of Worry – MR

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Is this the bottom (Paying to Lend Money)? An interesting thing happened in the first week of December, the retail 3-month USA treasury rate dropped into negative. In other words you pay the USA government to keep your money. This is clearly not a long term solution to life’s investment questions. Especially considering that the […]

Rezco Growls Back at the Bear

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The past month has seen some really significant falls in world equity markets. The All Equity Index of South African Unit Trusts is down in the order of 27% for the year thus far. Fortunately the Rezco fund is still showing a positive return for the year. The 3 year period to October 2008 presents […]

The Tale of Two Markets

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Prudent Performer Despite our more prudent approach which results in us being on average 75% invested in equities the Value Trend fund is remains top of its class over both one and three years to June 08. Over three years it is in the top 3.5% of all 427 Unit Trusts. Equally important to us […]

Growing out of Extinction

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Despite our more prudent approach which results in us being on average 75% invested in equities was are currently the number one fund on the Domestic Flexible Allocation Section and number thirteen out of all funds rendering a 32.4% annualised return over a 3 year period (University of Pretoria Unit Trust Survey). The share selection […]

Sifting for Gems whilst avoiding the Value Mirage

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Despite our more prudent approach which results in us being on average 75% invested in equities was are currently the number one fund on the Domestic Flexible Allocation Section and number thirteen out of all funds rendering a 32.4% annualised return over a 3 year period (University of Pretoria Unit Trust Survey). The share selection […]

Managing Risk in Times of Turbulence

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A feature of world financial markets over the past 5 years has been to reward excessive risk taking. Risk premiums between classes of assets and within classes of assets declined to unrealistic levels. Strongly increasing asset prices made many strategies look good. To mix some metaphors and throw in some Buffet: “A rising tide lifts […]

How did the Sub Prime Crisis affect Rezco?

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Rezco Value Trend Goes 5 Star Rezco Value Trend fund recently celebrated its 3-year anniversary in style by receiving a 5-star rating from Morningstar/Standard &Poor’s. This is an exceptional milestone and one that is not easily achieved. As an investor you may ask, “What exactly does this mean to me?” The Star Rating was devised […]

Will Increasing Interest Rates Kill the Party?

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The world economy continues to surge ahead, firing on all cylinders. The American market remains resilient, Europe is strong, Japan has woken up out of its Coma and India, Russia, Brazil and China have dumped their various forms of socialism. A lot of lesser economies are also following this new trend. The dramatic conversion from […]

Rezco Quarterly Report

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The following is an extract from The Rezco Unit Trust information brochure. “Our intention is to preserve capital during times of market weakness and to outperform the overall index during periods that are positive for equities. We do not offer a capital guarantee but it is fundamental to our approach that capital needs to be […]