The Raging Bull Awards honour the leaders of the South African collective investment industry. The annual ceremony, which somewhat resembles the “Oscars” of our industry, celebrates the top performing actively managed funds and the best unit trust management companies to the end of the previous year. The winners are determined by ProfileData using its PlexCrown Ratings methodology.
Raging Bull trophies and certificates are awarded for straight performance over three years and for risk-adjusted performance over five years, the latter considering a fund’s consistency of performance and risk profile. The most coveted award is the South African Manager of the Year, based on the overall risk-adjusted performance of a manager’s qualifying funds.
We at Resolute Wealth Management (RWM) are once again delighted to see one of our independently selected fund managers performing at the very top of their class, we would like to offer our greatest congratulations to Fairtree Asset Management for being recognised for exceptional performance at the 28th Raging Bull awards, and winning the coveted title of ‘Manager of the Year’, hosted on the 11th of March at the magnificent Cape Town Convention Centre.
‘The event recognised outstanding performance by unit trust fund managers in selecting investments for their portfolios, taking into account consistency and aversion to risk, to the end of 2023.
Fairtree claiming this prestigious award once again proves the importance of RWM’s strategic partnership with our industry leading DFM, Morningstar. Morningstar have time and time again proven the importance of selecting funds based off of a best of breed process, ensuring RWM always have access to the funds that will perform the best within their sectors, ultimately benefitting the performance of our model portfolios and in the end, you as the client, achieving long term financial freedom.
Morningstar provide RWM with industry insights into the funds in each category and how they perform relative to other funds in the sector on a monthly basis. Our directors also hold strategic meetings with Morningstar South Africa on a regular basis to always ensure that RWM’s model portfolios are aligned with the needs of our ever-developing and expanding client base. We use the funds monthly figures as well as the overall performance of our portfolios, while also taking into account both fees and risk in collaboration with Morningstar to ensure our Model Portfolios are constructed in a way that always best suits the selected client to outperform industry peers as shown in the graph below.
As seen in the graph above, the Fairtree Equity Prescient fund, which is a key part of six of our RWM local portfolios, has maintained an annualised return of 12.14% over a five year period, which outperforms the average (7.60%) in its class by 4.54% and outperforms the worst fund in its class by 10.81% on a 5 year basis.
