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Portfolio Description and Investment Objective

This multi-asset class portfolio invests both locally and offshore. Local assets may include equities, bonds, money market instruments and property. Offshore exposure will be obtained through direct investment in listed instruments and/or investment in collective investment schemes. The mandate allows for an unconstrained view both from an asset allocation perspective as well as from a stock picking perspective. The management of the portfolio is likely to reflect high-conviction calls and high levels of trading activity. The conviction calls and trading activity will at times reflect tactical investment calls.

The asset classes and holding will be selected on the potential to generate nominal performance and not on a relative valuation perspective.

Your Personal Balanced Portfolio

Sanlam Private Wealth Flexible Model 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.


30 Sep 2019

Portfolio Information

Risk Rating

Moderate Aggressive

Inception Date

October 2010

Minimum Investment

R1 Million


CPI + 5% on a rolling 12 month period

Management Company

Sanlam Private Wealth

Portfolio Manager

Alwyn van der Merwe

Initial Fees


Annual Management

Fee Slider Scale (refer to mandate)

Top 5 Share Holdings



BHP Group Plc




British American Tobacco


Anglo American


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

In a highly volatile month for local equities, the asset class managed to keep head above water with a total return of 0.19% for the month as measured by the FTSE/JSE All Share Index (ALSI). The general trend in the market continued to be dictated by macro news flow and geopolitical events. The lacklustre performance in the month could not rescue the ALSI from a material decline of 4.6% for the quarter. Globally, shares followed a similar pattern. Emerging markets were down on average by 4.1% in the quarter, while developed markets managed to stay in the blue (+0.7%), largely driven by a strong performance by US and Japanese equities.

Some recently underperforming sectors bounced in the month and some previous winners retreated. Key sector leaders were pharmaceuticals (read Aspen), which appreciated by 7.5%, and tobacco, up by 5%. The biggest laggards were the gold miners – down 15%.

Listed property was up by 0.31% in the month but could not escape the negative sentiment over the quarter as it retreated by 4.4%.

Cash returned 0.59%. Bonds gained 0.51% in the month and 0.7% over the quarter


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 Flexible 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


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

Tyger Valley

Tel: 021 950 2300


Tel: 021 672 1888


Tel: 021 861 3700


Tel: 011 778 6600


Tel: 012 470 0622


Tel: 031 560 3600


Tel: 044 606 1100


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.

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