Stay abreast of COVID-19 information and developments here
Provided by the South African National Department of Health
This is a diversified local equity portfolio. The 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 high-quality companies that we feel are undervalued. This portfolio is suitable for investors who can withstand potential capital volatility in the shorter term
The portfolio offers a carefully selected, well diversified basket of shares from all sectors on the JSE. However, it may also provide exposure to unlisted shares. The investments in the portfolio are subject to rigorous, in-depth research and adhere to our pragmatic value investment philosophy
Sanlam Private Wealth Equity 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.
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.
31 Dec 2020
Risk Rating
Aggressive
Inception Date
April 2011
Minimum Investment
R1 Million
Benchmark
FTSE/JSE All
Share TR Index
Management Company
Sanlam Private Wealth
Portfolio Manager
Alwyn van der Merwe
Initial Fees
Nil
Annual Management
Fee Slider Scale (refer to mandate)
Naspers
17.11%
BHP Group Plc
10.42%
Anglo American Tobacco Plc
7.75%
British AmericanTobacco Plc
6.70%
Compagnie Financiere
5.35%
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
Going global:
navigating the complexities
Sanlam Trustees International
Classic cars:
are they a good investment?
Portfolio Manager
The great lockdown:
one year on
Head of Equities
IHG: focus on
quality pays off
Sanlam Active UK Fund
BUDGET 2021: THE RIGHT INTENT,
BUT RISKS ABOUND
Investment Economist at Sanlam Investments
INVESTING IN 2021:
WHAT TO EXPECT
Sanlam Private Wealth
MINING: IS THE
CYCLE TURNING?
Investment Analyst
BITCOIN: CUTTING
THROUGH THE HYPE
Head of Equities
South Africa
South Africa Home Sanlam Investments Sanlam Private Wealth Glacier by Sanlam Sanlam BlueStarRest of Africa
Sanlam Namibia Sanlam Mozambique Sanlam Tanzania Sanlam Uganda Sanlam Swaziland Sanlam Kenya Sanlam Zambia Sanlam Private Wealth MauritiusGlobal
Global Investment SolutionsCopyright 2019 | All Rights Reserved by Sanlam Private Wealth | Terms of Use | Privacy Policy | Financial Advisory and Intermediary Services Act (FAIS) | Principles and Practices of Financial Management (PPFM). | Promotion of Access to Information Act (PAIA) | Conflicts of Interest Policy | Privacy Statement
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’).
MANDATORY DISCLOSURE
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.
INVESTMENT PORTFOLIOS
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.
The management of portfolios may be outsourced to financial services providers authorised in terms of FAIS.
TREATING CUSTOMERS FAIRLY (TCF)
As a business, Sanlam Private Wealth is committed to the principles of TCF, practicing a specific business philosophy that is based on client-centricity and treating customers fairly. Clients can be confident that TCF is central to what Sanlam Private Wealth does and can be reassured that Sanlam Private Wealth has a holistic wealth management product offering that is tailored to clients’ needs, and service that is of a professional standard.
portfolio manager's comment
December saw a continuation of November’s strong equity market performance both in SA and internationally. SA equity prices increased by 4.2% for the month on a total return basis, as measured by the FTSE/JSE All Share Index. Globally, the picture was similar, with developed market share prices rising 4.3% in US dollar terms, as measured by the MSCI World Index, while emerging markets gained a healthy 7.4% in the month, as measured by the MSCI Emerging Market Index.
In a remarkable year on many fronts, the SA market delivered a total return of 7.0% over 2020, while developed markets rose 16.5% in US dollar terms and emerging markets were up 18.7% despite the global macro-economic woes in the wake of the COVID-19 pandemic.
The SA resources sector gained 9.2% in December, closely followed by financials (+8.3%), while industrials declined 1.1% in the month. Within resources, the performance came from platinum miners (+20.8%) and industrial metals (+18.2%). Losing sectors were travel and leisure (-5.2%) and telecommunication (-4.0%). For the full year, resources returned 21.1% and industrials 14.3%, but financials struggled, losing 19.5%.
The All Bond Index (ALBI) returned 2.4% in December and an equity-beating 8.7% for the year, almost all of which came in the second half. Cash returned 0.3% for the month and 5.4% for the year. SA listed property had a strong December, up 13.7%, but was still the worst-performing asset class for the year, losing 33.8%.
The portfolio recorded a return of 5.4% – net of fees – for the 12 months to the end of December, underperforming the benchmark return of 7.0%, but comfortably ahead of the median peer return of 2.4%. The portfolio’s underperformance relative to the static benchmark over the past year was driven by the overweight position in Sasol and the lack of exposure to gold mining companies, partially countered by the positive effects of a relatively high cash holding in February and March when the market sold off, and good timing in our Northam holding.
When compared to competing general equity unit trusts, the portfolio was in the top third of the peer group over the past 12 months and in the top quartile over five, seven and 10 years. The portfolio maintained its value bias by being overweight in SA banks, SA retailers and tobacco, and a zero holding in gold shares which are expensive based on our views on the shares.
Regards,
Alwyn Van Der Merwe
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 Equity Model 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
Alwyn van der Merwe
B.Com(Hons), MBA
Alwyn was appointed as Director of Investments for Sanlam Private Wealth in 2007. He has over 24 years' investment industry experience and managed institutional and unit trust portfolios successfully for 14 years. Alwyn leads and chairs Sanlam Private Wealth's formal investment committee.