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Fact Sheet Equity Fund

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19 views

Fact Sheet Equity Fund

Uploaded by

anthonyborerwe
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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EQUITY FUND

FACT SHEET
MARCH 2024
FACTSHEET
FACT |DECEMBER
SHEET|MARCH
|JANUARY 2023
2023
2024

FUND OVERVIEW
The Old Mutual Equity Fund Fund performance Summary
Bid price ZiG0.00870
The Old Mutual Equity Fund is a pooled unit trust fund
investing in a spread of shares listed on the Zimbabwe Offer Price ZiG0.00893
The Old Mutual USD Money Market Fund The Old Mutual USD Money Market Fund
Stock Exchange (ZSE), Victoria Falls Stock Exchange Year to date return 280.91%
(VFEX) and Financial Securities Exchange (FINSEC).
Year to date ZSE All Share 314.19%
Aims to provide capital growth over the medium to long (Benchmark)
term. The Fund’s benchmark is the ZSE All Share Index. Minimum initial deposit amount: ZiG150.00

The fund is suitable for investors seeking a steady growth Additional deposit: ZiG150.00
of capital and are comfortable with taking on moderate Sources: Old Mutual Investment Group
to high risk of market fluctuation and potential capital loss.

Fund Information Summary Performance Commentary – March 2024

Fund Manager: Old Mutual Investment Group The ZSE All Share Index firmed 66.16% to extend year-
The Old Mutual USD Money Market Fund to-date
The Oldgains
Mutualto USD
314.19%. The Market
Money VFEX AllFund
Share Index
Auditor: Deloitte, Zimbabwe gained 2.51%, improving the year-to-date return to
1.07%. The positive equity market performance is
Custodian and Stanbic Investor Services, largely due to the need to preserve value in response
Bankers: Zimbabwe to the devaluation of the local currency.
Launch date: January 1998
We maintain our bullish outlook on the stock market in
Currency: ZiG 2024 on the basis that the equity markets are
undervalued based on current market capitalizations
as compared to historical averages, and still present
Min Investment Period: 30 Days
buying opportunities for long-term investors.

Recommended +3 Years Going forward, a tight monetary policy framework will


Investment Term most likely persist, punctuated by periodic liquidity
Notice period for a Up to 14 working days injections in response to funding pressures on the
withdrawal: economy, thereby providing support to the equity
Once off Investment 2.5% markets. We urge investors to take a long-term view
Charge: with their investments despite some short-term
Management Fee: 4.00% p.a. (Excl VAT) fluctuations due to policy interventions meant to
Other charges: 0.50% per annum address market developments.

Fund Risks [Type] Fund Risks [Description]


Currency Risk: The loss of value arising from failure to liquidate the investment in the currency in
which the investment was made, due to changes in currency regulations. This risk is
more relevant to USD denominated investments.
Market Risk The risk of loss of value arising from adverse movements in the market value of
assets.
Interest Rate Risk: The risk of investment and income losses resulting from a change in interest rates.
Inflation Risk: The loss of purchasing power of the investment because of the general and
sustained increases in prices of goods and services in US dollar terms.
Liquidity Risk: Failure to quickly disinvest due to limited liquid assets in the fund
Historical Performance (%)

Compound Annual Growth rates (%) 1 year 3 years 5 years

Fund 1,642.16 409.75 397.45

ZSE All Share Index 2,164.19 479.43 490.47

VFEX All Share Index 10.14 N/A N/A

Fund Performance Since Mar-19 (5 Years)

Disclaimer
Unit Trusts are generally medium to long-term investments. Apart from the Money Market Funds, where the unit price is maintained constant
at 100 cents, the value of units may go down as well as up. Investment performance will depend on the growth in the un derlying assets of
the Fund, whose values may move up or down due to various factors including the financial market environment and exchange rat e
movements.

Past performance cannot be relied on as an indication of future performance. Old Mutual Investment Group (OMIG) does not provide any
guarantees regarding the capital invested in the Fund or the returns of the Fund. Significant withdrawals from the Fund may p lace the Fund
under liquidity pressure, however we are committed to processing all withdrawal instructions within the generally accepted 14 working days
period.

A schedule of fees and charges is available on request from the management company. Withholding tax on the sale of units is charged
where applicable. You can easily sell your units at the ruling price of the day (calculated at 16h00 on a forward pricing ba sis). All accounts
in our books are subject to OMIG’s terms and conditions which can be obtained during working hours at our offices or on our website.

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