Sanlam's Industrial Fund wins award

"The fund has demonstrated Sanlam Investment Management's strong research capability - performing best in its category over the short, medium and long term," says Andrew Kingston, portfolio manager of the SIM Industrial Fund. "In addition, given the relative strength of industrial shares over the past ten years, the fund is also the top performing equity fund overall - having posted a compound return of over 25% per annum over this period."

Domestic and offshore

The Raging Bull Awards acknowledge the stars of the collective investment industry in terms of top outright performers, best risk-adjusted performers and the best unit trust management companies. They cover domestic and offshore funds - funds which are not domiciled in South Africa but are approved by the Financial Services Board (FSB) and can therefore be marketed to South African investors.

Awards for asset-specific categories of funds, such as equity or fixed-interest categories, are based mainly on straight performance calculated by ProfileData over a three-year period. Awards for asset allocation funds are mainly made on the basis of their PlexCrown ratings over periods of up to five years, because risk management is a major factor in determining the fund's success.

Aim of fund

Awards based on PlexCrown ratings are also made in the major unit trust categories, such as the domestic general equity, the foreign general equity and the fixed-interest bond sub-categories.

The SIM Industrial Fund is a pure equity, sector specific fund which aims to outperform the FTSE/JSE Industrial Index by investing in selected shares in the industrial sector. The fund is suitable for clients requiring larger exposure to industrial shares, with the associated capital growth this sector is able to offer. The fund may invest a maximum of 20% of its assets offshore.