Being an investment analyst and wine lover, I instinctively compare perceived quality or gratification with the price I pay for a wine. However, I can’t always uncover gems myself, for obvious reasons. Sometimes we need to rely on others to make this discovery for us.
During the recent Old Mutual Trophy Wine Show, the Buitenverwachting Meifort 2014 won the Riedel Trophy for the Best Bordeaux-style Red Blend. I’m always curious when a red wine retailing below R100 walks away with the laurels in a category where the competition would have included some of the best reds South Africa can offer. Tasting this wine, one should understand that the dominant cultivar in the blend is cabernet franc, which normally provides some ‘discipline’, being a bit more restrained. In addition, some of the primary flavours of cabernet franc feature strongly.
It’s no surprise then that the nose of the wine offers plum and red cherry aromas. It enters the palate full and juicy with the plum and red fruit flavours dominant, supported by tobacco and spicy undertones. The wine has enough grip, with a firm tannin structure and smooth acidity. It is elegant and lingers long enough to make you think again of this pleasant experience. Despite the general belief that 2014 was a sub-standard vintage, this wine over-delivers substantially in terms of value and certainly lives up to its promise. Although it drinks nicely now, it should in time prove a real gem for those who can afford to be patient.
Sanlam Private Wealth (Pty) Ltd, registration number 2000/023234/07, is a licensed Financial Services Provider (FSP 37473), a registered Credit Provider (NCRCP1867) and a member of the Johannesburg Stock Exchange (‘SPW’).
All reasonable steps have been taken to ensure that the information on this website is accurate. The information does not constitute financial advice as contemplated in terms of FAIS. Professional financial advice should always be sought before making an investment decision.
Participation in Sanlam Private Wealth Portfolios is a medium to long-term investment. The value of portfolios is subject to fluctuation and past performance is not a guide to future performance. Calculations are based on a lump sum investment with gross income reinvested on the ex-dividend date. The net of fee calculation assumes a 1.15% annual management charge and total trading costs of 1% (both inclusive of VAT) on the actual portfolio turnover. Actual investment performance will differ based on the fees applicable, the actual investment date and the date of reinvestment of income. A schedule of fees and maximum commissions is available upon request.
COLLECTIVE INVESTMENT SCHEMES
The Sanlam Group is a full member of the Association for Savings and Investment SA. Collective investment schemes are generally medium to long-term investments. Past performance is not a guide to future performance, and the value of investments / units / unit trusts may go down as well as up. A schedule of fees and charges and maximum commissions is available on request from the manager, Sanlam Collective Investments (RF) Pty Ltd, a registered and approved manager in collective investment schemes in securities (‘Manager’).
Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. The manager does not provide any guarantee either with respect to the capital or the return of a portfolio. Collective investments are calculated on a net asset value basis, which is the total market value of all assets in a portfolio including any income accruals and less any deductible expenses such as audit fees, brokerage and service fees. Actual investment performance of a portfolio and an investor will differ depending on the initial fees applicable, the actual investment date, date of reinvestment of income and dividend withholding tax. Forward pricing is used.
The performance of portfolios depend on the underlying assets and variable market factors. Performance is based on NAV to NAV calculations with income reinvestments done on the ex-dividend date. Portfolios may invest in other unit trusts which levy their own fees and may result is a higher fee structure for Sanlam Private Wealth’s portfolios.
All portfolio options presented are approved collective investment schemes in terms of Collective Investment Schemes Control Act, No. 45 of 2002. Funds may from time to time invest in foreign countries and may have risks regarding liquidity, the repatriation of funds, political and macroeconomic situations, foreign exchange, tax, settlement, and the availability of information. The manager may close any portfolio to new investors in order to ensure efficient management according to applicable mandates.
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