Rezco Equity Fund Delivers Alpha On Its First Birthday

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Our local equity fund, REZCO Equity Fund was launched a year ago and as per the table below:

  • 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

This performance is consistent with the local equity carve-out performance of our balanced funds, REZCO Value Trend and REZCO Prudential.