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2 February 2010
Stanlib wins seven Raging Bull Awards
Stanlib, a member of Standard Bank Group (SBG), won seven Raging Bull Awards, mostly for its fixed income and property funds.
The Raging Bull Awards recognize the stars of the collective investment or unit trust industry in terms of top outright performers, best risk-adjusted performers and the best unit trust management companies. The awards cover domestic (South African-domiciled) and offshore funds, which are funds not domiciled in South Africa but approved by the Financial Services Board for marketing to South African investors.
The winning funds are:
- Stanlib Industrial Fund in the category Best Domestic Equity Industrial Fund
- Stanlib Financials Fund for Best Domestic Equity Financial Fund
- Stanlib Cash Plus Fund, Best Domestic Fixed Interest Fund and Best Domestic Fixed Interest Income Fund
- Stanlib Property Income Fund. Best Domestic Real Estate Fund and Best Real Estate fund on a Risk-Adjusted Basis
- Stanlib Multi Manager as Offshore Management Company of the Year
Ansie van Rensburg, Manager of the Stanlib Cash Plus Fund, says: "Our investment plan is to consistently outperform the benchmark under all market conditions. Our aim is not necessarily to be number one but to maintain a consistent position in the top quartile."
The Stanlib Property Income Fund has also consistently beaten the benchmark by generating a 46% return during the past year, 57% on three years and 191% on five years.
Keillen Ndlovu and Evan Jankelowitz have co-managed the fund for the past three years. They look for defensive and dominant assets with long term quality earning. "This strategy proves to be effective even in erratic market conditions," says Evan Jankelowitz.
See www.stanlib.com for more about the funds.
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