In July 2021, the average prudential balanced portfolio returned 1.9% (June 2021: 0.4%%). Top performer is NAM Coronation Balanced Plus Fund with 2.6%, while Allan Gray Balanced Fund with 1.3% takes the bottom spot. For the 3-months Momentum Namibia Growth Fund takes the top spot, outperforming the ‘average’ by roughly 1.2%. On the other end of the scale, NinetyOne Managed Fund underperformed the ‘average’ by 1.2%. Note that these returns are before (gross of) asset management feess.
The Monthly Review of Portfolio Performance to 31 July 2021 provides a full review of portfolio performances and other interesting analyses.
Understanding Benchmark Retirement Fund Investments
In the last and the next few issues of our monthly Performance Review, I will provide background and guidance on investments to assist Benchmark Retirement Fund members taking charge of their fund investments.
- Parties to fund and their roles and responsibilities
- Investment choice and return objectives
- Investment range and portfolio composition
- Performance characteristics of asset classes and portfolios
- The default portfolio
- The default portfolio vs the smooth growth portfolio
- Income replacement ratio and contribution rates
- Selection of investment managers
- Combining investment portfolios and when to switch
- Investment manager risks and manager diversification
- Performance measurement
In the previous three newsletters, I covered the first six topics. In this newsletter, I cover the topics “Income replacement ratio and contribution rates” and “Selection of investment managers”..
Read part 6 of the Monthly Review of Portfolio Performance to 31 July 2021 to find out what our investment views are.