Old Mutual SA Quoted Property Portfolio
Fundamentals in some property sectors may have stabilised contingent on economic stabilisation. Consequently, there remains long-term value in the sector, which requires domestic growth to unlock.
Our South African Quoted Property Portfolio remains conservatively positioned for economic and consumer stress, avoiding high gearing, financing and operational risk. The portfolio holds meaningful positions in a diversified selection of property shares we believe offer the most long-term value, with consideration of the relative outlook, risk and changing environment.
- The fund’s assets are fully invested
- It has a consistent long-term track record of adding value relative to the FTSE/JSE All Property Index (ALPI) benchmark
- It is conservatively positioned with an emphasis on fair value relative to risk
- It invests in JSE listed companies
- factors are incorporated into the investment process
The objective of this portfolio is to outperform the ALPI and achieve top-quartile total returns relative to competitor funds over the medium and long term. It has outperformed since inception, which highlights our ability to consistently deliver results for our clients in the long term.
Our philosophy is rooted in securing the most reliable future dividends at the lowest cost, recognising the influence of macro and company factors on capital values. We advocate for balanced, diversified risk-aware portfolios. Our approach involves maintaining conviction portfolios with considered position sizes, ensuring strategic stewardship to safeguard long-term interests. This philosophy is underpinned by meticulous data gathering, rigorous research, and consultations with specialists to enhance the effectiveness of our property strategy.
Our process is guided by a consistent long-term valuation methodology, systematically incorporating thematic considerations. The construction of this portfolio involves balancing numerous elements within the property universe, resulting in a differentiated portfolio. We emphasise governance and strategic engagement as integral components of our approach.
In a broad universe, we narrow our focus to deliver sustainable returns by excluding shares that do not meet our liquidity criteria, ESG framework and governance standards, as they are then considered uninvestable.
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Old Mutual Investment Group (Pty) Ltd (Reg No 1993/003023/07) (FSP 604) and Old Mutual Customised Solutions (Pty) Ltd (Reg No 2000/028675/07) (FSP721), jointly referred to as the Investment Manager, are licensed financial services providers, approved by the Financial Sector Conduct Authority (www.fsca.co.za) to provide advisory and/or intermediary services in terms of the Financial Advisory and Intermediary Services Act 37, 2002. The above entities are wholly owned subsidiaries of Old Mutual Investments (Pty) Ltd. Past performance is not necessarily a guide to future investment performance. Old Mutual Unit Trust Managers (RF) (Pty) Ltd is a registered manager in terms of the Collective Investment Schemes Control Act 45 of 2002. The fund fees and costs that we charge for managing your investment are set out in the relevant fund’s Minimum Disclosure Document (MDD) or table of fees and charges, both available on our public website, or from our contact centre. Old Mutual is a member of the Association for Savings and Investment South Africa (ASISA).