- The fund has outperformed its benchmark by 4.2%
- The outperfmance was done at a lower risk resulting in a risk-adjusted return (Sortino) of almost double the benchmark risk-adjusted return.
- This outperformance was achieved by capturing most of the upside and almost none of the downside.
- The tracking error of 6% is consistent with our active philosophy as we do not track any particular benchmark.
|Return||Std Dev||Excess Return||Down Capture Ratio||Up Capture Ratio||Sortino Ratio||Tracking Error|
|Rezco Equity A||16.7||5.8||4.2||13.3||97.7||0.9||6.0|
|FTSE/JSE All Share TR||12.5||6.8||0.0||100.0||100.0||0.5||0.0|
1 Year Period as at 31 March 2015, source: Morningstar