Our REZCO Prudential Fund, which is managed to comply with Regulation 28 of the Pension Funds Act 24 and thereby the investment limits governing retirement funds, has won its first prestigious Raging Bull award, at a ceremony held at the Old Mutual Conference Centre in Newlands, Cape Town last night (Wednesday 29th January). This is the fourth Raging Bull award for REZCO Asset Management, with our multiple-award winning Value Trend Fund having won previously in 2008, 2009 and 2012.
Our REZCO Prudential Fund won in the category, Best South African multi-asset high equity fund, over the three year period ending 31 December 2013.
The Raging Bull Awards recognise the top performers in the collective investment or unit trust industry in terms of top outright performers and also risk-adjusted performers. The awards cover domestic and offshore funds that are approved by the Financial Services Board and can therefore be marketed to South African investors.
Rob Spanjaard, Investment Director of REZCO Asset Management, comments, “We are very pleased to have won a fourth Raging Bull Award. This is testament to the investment expertise of our team, as well as underlining the value of our methodology. The fund, which has a moderate risk profile, invests in a combination of shares, bonds and cash. The fund may buy foreign assets up to a maximum of 25% of the fund, with the maximum allowable equity exposure of the fund being 75%, as per the investment guidelines laid out in Regulation 28 of the Pension Funds Act 24 of 1956.”
Spanjaard continues, “The REZCO Prudential Fund achieved a return of 27.65% net of retail fees for the 2013 year and achieved first place out of 99 funds in its sector. The benchmark for this fund is the average for the ASISA South African multi-asset high equity sector, the total return here being 17.86%. This is a most gratifying outperformance. The fund aims to obtain the highest return within the constraints governing retirement funds.”
“The award for best performance over the three years was achieved with good downside protection and is most gratifying as we have a company philosophy of ‘Preserving Capital and Creating Wealth,” Spanjaard concludes.