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Portfolio Description and Investment Objective

This portfolio aims to outperform the JSE All Share Index on a total return basis, over an investment horizon of three years or more, by investing in local companies.

The shares are selected based on trends of price performance relative to the JSE All Share Index. The 200d moving average is the primary input used when defining trends. This indicator along with others is used in portfolio positioning selection.

Your Personal Equity Portfolio

Sanlam Private Wealth Aggressive Technical Momentum Portfolio is constructed by the Investment Team based on an intensive and rigorous investment process. The model portfolio acts as a guide to your portfolio manager in customising your personal portfolio to suite your individual requirements. It is important to note that the performance on this fact sheet is based on the model portfolio and the performance of your portfolio may vary depending on the level of deviation from the model portfolio and the fees charged.

Why Select a Personal Portfolio

A personal portfolio is suitable to more discerning investors who might have unique factors to consider during the investment process. With a personal portfolio, your investment can be tailored to your unique requirements. You will have the benefit of more direct access to your portfolio manager Your portfolio will not be affected by the cash investment and withdrawals of other investors.

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30 Nov 2019

Portfolio Information

Risk Rating

Aggressive


Inception Date

August 2003


Minimum Investment

R1 Million


Benchmark

JSE All Share TR Index


Management Company

Sanlam Private Wealth


Portfolio Manager

Neale Campbell


Initial Fees

Nil


Annual Management

Fee Slider Scale (refer to mandate)


Top 5 Share Holdings

Standard Bank Group Ltd

8.79%


BHP Group Plc

8.31 %


Anglo American Plc

7.66%


Mr Price Group Ltd

6.31%


PSG

4.58%


Please note:
Your portfolio might vary from this

1. The net of fee calculation assumes a 1.15% Annual Management Charge and a Total Trading Costs of 1% (both inclusive of vat) on the value of actual portfolio turnover

Percentage Returns


portfolio manager's comment

South African equities continued to trade in a wide band between 58 000 and 54 000 points. However, continued poor macro-economic news flow had a negative impact on local share prices as the FTSE/JSE All Share Index (ALSI) declined by 1.8% in the month. This asset class has returned 8.5% since January. On average emerging market equity indexes also traded lower in the month but developed markets bucked the trend as the MSCI World Equity Index advanced by 2.8% in dollar terms during November.

The wide range of performances recorded by the various sectors appears to be entrenched on the local equity market. In November gold shares declined by 13% while fixed-line telecommunications fell 31%. Platinum miners remained on the winning podium as the sector advanced by 7.2% and tobacco recovered well, gaining 8.9%.

Despite the dire fiscal outlook, the All Bond Index managed to remain in positive territory as it gained 0.22% in November, although bonds with a duration of 12-years plus were down by 0.25%. Cash returned 0.55% and listed property advanced by 0.81%. Since January cash has returned 6.7% marginally lagging the 8.3% return of the All Bond Index.

The Technical Momentum portfolio had another good month during November, outperforming its benchmark – the JSE All Share Index (ALSI) – by 1.62%. The outperformance was largely driven by a high cash weighting that softened a 1.80% decline in the benchmark, as well as the portfolio’s positioning in various South African-focused companies that recovered well, including Dis-Chem and Mr Price.

Regards,

Neale Campbell

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About Sanlam Private Wealth

Sanlam Private Wealth is a holistic, integrated wealth management business that provides advice and manages assets for high net worth private individuals, cultural organizations, charitable institutions and similar entities with investable assets of more than R1 million

Mandatory Disclosure

Participation in the Sanlam Private Wealth’s Aggressive Technical Momentum Equity Portfolio is a medium to long-term investment. The value of this portfolio is subject to fluctuation and past performance is not necessarily a guide as to its future performance. Calculations are based on a lump sum investment with gross income reinvested on the ex-dividend date. All performance figures exclude costs. 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 from the manager. Sanlam Private Wealth (Pty) Ltd, registration number 2000/023234/07, is a member of the Johannesburg Stock Exchange, a licensed Financial Services Provide (FSP 37473) and a Registered Credit Provide (NCRCP1867)

Treating Customers Fairly (TCF)

As a business we are committed to the principles of TCF, practicing a specific business philosophy that is based on client-centricity and treating customers fairly. Our clients can be confident they are dealing with a company where TCF is central to what we do and be reassured that we have a holistic wealth management product offering that is tailored to their needs, and a service that is of a high standard.

Contact Us

Tel: 021 950 2770

Email: clientcare@privatewealth.sanlam.co.za

Farm 1, Vineyards Office Estate, 99 Jip de Jager Dr, Welgemoed 7530

Tyger Valley

Tel: 021 950 2300

Claremont

Tel: 021 672 1888

Stellenbosch

Tel: 021 861 3700

Johannesburg

Tel: 011 778 6600

Pretoria

Tel: 012 470 0622

Durban

Tel: 031 560 3600

Knysna

Tel: 044 606 1100

George

Tel: 044 805 5900


About the
portfolio manager

portfolio_manager

Neale Campbell

BCom, CMT

Neale is primarily responsible for the managed trading accounts at Sanlam Private Wealth, having joined the firm in 2009. In addition to this he is also responsible for the Technical Momentum portfolio and technical research at Sanlam Private Wealth. He manages the investments accounts for many high net worth clients and families. Prior to joining Sanlam Private Wealth, Neale gained experience in the City of London. Neale was awarded Charted Market Technician designation in 2015

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