The Old Mutual Real Income Fund won the Raging Bull Award for best Domestic Asset Allocation Prudential Fund (which encompasses the low, high, medium and variable equity categories) and a certificate award for best Domestic Asset Allocation Prudential Low Equity fund on a risk-adjusted basis for the period ending 31 December 2011.
The Raging Bull Awards recognizes 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.
Old Mutual Real Income Fund focuses on the importance of yield and offers investors exposure to a winning mix of capital growth and dividend income - through a maximum combined exposure to equity and property of 35%, while income and volatility protection are achieved through expertly selected exposure to fixed-income assets.
With its performance target of CPI +3% p.a., the Old Mutual Real Income Fund aims to provide an income that grows in line with inflation, while sustaining the level of capital over time and minimising any losses over a 12-month period. It is particularly suited to investors that require an income stream from their investment while maintaining scope for inflation-beating growth on their capital. The fund has also delivered on its objective of preserving capital over rolling 12-month periods with a 98.3% success rate, while offering moderate, market-related growth via an actively managed portfolio of cash, bonds, property and equity.
For more information on this fund, please refer to the fund fact sheet.