“With South African equities performing so poorly over the past five years, being flexible has been hugely beneficial. Local fund managers have had to find alternative sources of return for their portfolios.
For the five years to the end of May, the FTSE/JSE All Share Index (Alsi) was up just 2.5% per annum. The Centaur BCI Flexible fund, however, gained 4.8% per year over that same period.
Over the longer term, the fund’s relative performance is even more noteworthy. Against an annualised Alsi return of 9.7% over the past 10 years, the Centaur BCI Flexible fund showed an annualised gain of 14.0%.
This not only makes it the top-performing fund in the ASISA South Africa multi-asset flexible category over this decade, but also the best-performing South African-focused unit trust overall, bar one – the SIM Industrial fund, which has a 30% allocation to Naspers.”