Our Prosperity Worldwide Flexible Fund of funds has produced a solid 10.4% (net of fees) return for the 12 months to December.
Please click here to see the Prosperity Worldwide Flexible Fund fact sheet.
At the end of January 2016 the size of the fund had increased to R201m with a 3.9% return for the month of January.
This equates to a latest 12 month return to 31st January 2016 of 12.7% p.a. versus a -1.2% decline in the JSE All Share Index (including dividends).
The investment strategy of the Prosperity fund is to preserve capital and to take opportunities of obvious mis-pricings in the market.
Our latest winning investment was a position in global and local gold shares in December and January which we exited in late January 2016.
Currently the Fund is 100% in cash (earning 7% p.a.) as we search for the next investment opportunity.
Our target for the 12 months to September 2016 is to produce a return in excess of 12% (net of fees) whilst taking minimal risk.
To talk to one of our advisers please click here.
