GroWealth Unit Trust Report November 2024

Asset Manager Fund Name Inception Date Bid (cents) Offer (cents) Fund _Size (ZWG) Minimum Investment (ZIG) Minimum Investment Period (days) Nov-24 Oct-24 Jul-Sep 2024 Apr-Jun 2024 Jan-Mar 2024 Apr-Jun 2023 Jan-Mar 2023 Full Year 2023 ABC Stable Equity Fund Pre-Feb 2009 29.00 29.00 2,683,255.92 100.00 Flexible -9.38% 10.34% 107.14% 54.39% 339.62% 377.15% 66.73% 627.72% Datvest General Equity Fund Pre-Feb 2009 26.54 27.20 3,592,317.56 6,250.00 30 -5.53% 20.85% 96.97% 62.02% 291.58% 360.77% 57.24% 678.15% Fidelity Blue Chip Fund Pre-Feb 2009 0.08 - 1,829,414.97 10,000.00 180 0.00% 17.14% 100.57% 49.94% 96.05% 361.79% 90.87% 966.11% Fidelity Growth Fund Pre-Feb 2009 - - - 10,000.00 180 0.00% 0.00% 0.00% 0.00% 126.83% 289.80% 159.76% 927.69% First Mutual Wealth General Equity Fund 10-Jun-16 1,453.00 1,453.00 2,703,454.56 10,000.00 365 -15.52% 16.37% 74.50% 52.53% 319.41% 327.24% 100.91% 689.00% Old Mutual Equity Fund Pre-Feb 2009 2.53 2.59 51,233,336.76 500.00 30 -7.99% 20.56% 91.12% 37.03% 280.91% 385.39% 58.02% 622.75% Platinum Blue Chip Fund Pre-Feb 2009 141.14 148.57 822,553.25 5,000.00 90 -15.03% 15.88% 164.96% -4.95% 327.80% 338.91% 70.82% 650.83% Smartvest Wealth Fund Pre-Feb 2009 282.32 285.57 1,770,873.28 8,000.00 180 -12.07% 13.17% 70.54% 36.34% 348.33% 417.69% 54.75% 289.14% Zimnat General Equity Fund Pre-Feb 2009 205.40 205.40 2,962,542.51 1,000.00 90 -4.46% 22.95% 66.12% 36.87% 246.16% 309.84% 97.99% 839.62% Zimnat Blue Chip Fund Pre-Feb 2009 481.21 481.21 3,537,222.33 1,000.00 90 -11.09% 10.55% 77.51% 33.59% 311.51% 301.01% 115.44% 779.48% Oct-24 Experience:
Datvest Specialist Equity Fund Pre-Feb 2009 34.08 34.93 4,131,931.42 6,250.00 30 -9.95% 14.26% 85.61% 52.83% 321.90% 342.01% 75.32% 675.18% Fidelity Executive Fund Pre-Feb 2009 - - - 10,000.00 180 0.00% 0.00% 0.00% 0.00% -80.13% 404.28% 2.79% 402.63% Qualifications:
First Mutual Wealth Growth Fund 31-Dec-20 31.00 31.00 2,786,731.65 50,000.00 360 -11.43% 12.90% 63.16% 52.53% 333.98% 326.44% 81.11% 696.60% Platinum Special Equity Fund Pre-Feb 2009 155.82 164.02 169,648.41 5,000.00 90 -11.86% 13.89% 166.99% -1.73% 315.99% 335.08% 68.44% 618.87% Asset Manager Bid (cents) Inception Date Bid (cents) Offer (cents) Fund _Size (ZWG) Minimum Investment (ZIG) Minimum Investment Period (days) Nov-24 Oct-24 Jul-Sep 2024 Apr-Jun 2024 Jan-Mar 2024 Apr-Jun 2023 Jan-Mar 2023 Full Year 2023 Fidelity Hybrid Pre-Feb 2009 - - - 10,000.00 180 0% - - 0.00% 369.01% 273.12% 130.26% 867.44% Platinum Balanced Fund Pre-Feb 2009 39.09 41.15 169,648.41 5,000.00 90 -12% 14.48% 81.27% 44.79% 327.99% 338.05% 74.62% 639.29% Smartvest Growth and Stability Pre-Feb 2009 182.80 184.90 360,081.20 8,000.00 90 -12% 12.32% 167.81% 26.87% 371.31% 450.93% 110.76% 868.48% Zimnat Prosperity Fund Pre-Feb 2009 1,046.00 1,046.00 1,693,566.88 1,000.00 90 -3% 19.38% 65.92% 32.80% 303.29% 264.04% 117.96% 729.89% Asset Manager Bid (cents) Inception Date Bid (cents) Offer (cents) Fund _Size (ZWG) Minimum Investment (ZIG) Minimum Investment Period (days) Nov-24 Oct-24 Jul-Sep 2024 Apr-Jun 2024 Jan-Mar 2024 Apr-Jun 2023 Jan-Mar 2023 Full Year 2023 Platinum Child Care Fund Pre-Feb 2009 1,685.19 1,600.93 39,486.33 5,000.00 90 -4.05% -2.07% 141.40% -3.30% 377.09% 328.53% 87.53% 598.91% Asset Manager Fund Name Inception Date Bid (cents) Offer (cents) Fund _Size (ZWG) Minimum Investment (ZIG) Minimum Investment Period (days) Nov-24 Oct-24 Jul-Sep 2024 Apr-Jun 2024 Jan-Mar 2024 Apr-Jun 2023 Jan-Mar 2023 Full Year 2023 Bard Santner Gold Fund - 611.27 612.4948 154,567.29 1,000 180 -14.72% 18.67% 96.80% 49.39% 268.05% 4.42 - - Old Mutual Gold Fund - 673.53216 683.63515 3,163,451.09 500 180 -15.30% 19.11% 98.20% 45.41% 247.61% 5.12 - - Asset Manager Fund Name Inception Date Bid (cents) Offer (cents) Fund Size (ZIG) Minimum Investment (ZIG) Minimum Investment Period (days) Nov-24 Oct-24 Jul-Sep 2024 Apr-Jun 2024 Jan-Mar 2024 Apr-Jun 2023 Jan-Mar 2023 Full Year 2023 Zimnat Property Fund Pre-Feb 2009 546.33 546.33 91231752.64 1,000 90 -8.72% 15.10% 81.73% 0.87% 263.54% 441.76% 3.00% 632.99% Old Mutual Property Fund - 896.74 915.04 3308500.32 500 180 0.00% 0.00% 80.68% 74.87% 111.87% 512.48% 23.07% 657.83% Return (%) The price at which investors buy units Asset Manager Fund Name Inception Date Bid /Offer (cents) Fund Size (ZIG) Minimum Investment Period (days) Current Yield p.a The price at which investors sell their units Datvest High Income Fund Pre-Feb 2009 1 1539.761023 30 4.73% The date on which the fund was launched. First Mutual Wealth Money Market Fund 11-Jun-16 1 150875.804 30 0.00% Old Mutual Money Market Fund Pre-Feb 2009 1 6231789.55 30 9.97% Old Mutual Money Market Fund (USD) 01-Nov-21 1 8823312.18 30 13.34% The total market value of the units held by the Fund Smartvest Gross Income Fund Pre-Feb 2009 1 0 90 0.00% Smartvest High Interest Fund Pre-Feb 2009 1 2544.02
90 18.00% Zimnat Bond Umbrella Fund (USD) Pre-Feb 2009 1 2674448.87 90 11.69% Zimnat Gross Income Umbrella FundPre-Feb 2009 1 321017.18 90 18.98% Supported by:
The interest rate earned per annum on bonds or money market.
Senior Portfolio Manager- Trading and
Business Development
Msc Banking and Finance (NUST), Bcom
Banking (Hons). Analyst Career Path with Data
Camp
Current Yield:
Gold Funds: Fund data
Jan-Mar
2023
A pooled fund that invests in real estate, which may be a diversified property portfolio consisting of office parks, shopping malls, industrial buildings and offices. Are funds investing in assets that earn interest Funds investing in both listed equities and fixed income instruments An equity fund investing in shares, in particular the largest and most liquid equities. The profitability (gain or loss) of an investment as a percentage of the cost Balanced Funds Specialist Funds Asset Manager Bid (cents) Inception Date Bid (cents) Apr-Jun 2024 A pooled fund that invests to target a specific objective, with its own unique risk-return objectives and time horizon N/A: Data not available at the time of publishing Note: For all Funds that commenced operations before dollarisation, the default inception date is February 2009 A specialist fund that seeks short term return opportunities Interest Bearing Funds:
Specialist Fund:
Unit Trust Report: November 2024
MEET THE FUND MANAGER
Position:
Name:
Firm:
Jul-Sep
2024
CBZ Asset Management t/a Datvest
Hamandishe M Nhiwatiwa
Returns %
Returns %
Nov-24 Jan-Mar
2024
Apr-Jun
2023
10+ Years Experience Portfolio Management,
Research and Trading
General Equities Funds
Returns %
The minum period that the manager require to make an investment before investors start withdrawals Interest Bearing Funds Minimum Investment (ZIG) Offer (cents) Fund _Size (ZWG) Minimum Investment Period (days) Returns % Returns % Full Year 2023 Aggressive Equities Fund Property Funds Returns % Offer Price:
Bid Price:
Inception Date:
Minimum Investment Period:
Fund Size:
Return:
Property Fund:
General Equity Fund:
Aggressive Equity Fund:
Balanced Fund:
ABOUT THE GROWEALTH SURVEY
The report seeks to inform members of the public about the various investment options available through different unit trust products registered under the Collective Investments Schemes Act [Chapter 24:19] and offered by different investment management firms in Zimbabwe. The report is compiled by Intellego Investment Consultants (Pvt) Ltd on behalf of the Association of Investment Managers of Zimbabwe (AIMZ) with support from the Securities and Exchange Commission of Zimbabwe in collaboration with Investor Protection Fund (IPF). Unit trusts are investment schemes that pool funds from different investors and invest according to pre-defined objectives set out in the Prospectus of the Fund. The underlying investments can be in fixed income instruments, listed equities, properties or any other investment assets/introduced. The pooling allows small investors to access these markets as well as benefit from expert investment skills from the respective Fund Managers. When investing, investors buy units in a unit trust fund at the quoted Offer Price for the day and when disinvesting, do so at the quoted Bid Price, the spread between the two being upfront fee. On any day, the investor can easily calculate the value of their investments by simply multiplying the number of units by the Bid Price. As with the underlying investments, unit prices can go up or down, although usually perform positively in the long-term. MARKET COMMENTARY:NOVEMBER 2024 The ZWG strengthened by 10% during the month of November from around 28 to 25 as to USD, implying that any performances above -10% in nominal terms was positive in real terms. Listed equities dropped during the month of November with the Zimbabwe Stock Exchange (ZSE) All Share Index dropping by 8.31% to close at 265.10 points mainly attributable to loses from top ten cap counters which dropped by12.19% to 265.95 points. The Largest company on the Zimbabwe Stock Exchange (ZSE) by market capitalisation, Delta lost 9% during the month under review to close at ZIG18.90 from ZIG20.03 in the prior month. On the fixed income space, interest rates ranged between 20% p.a. and 35% p.a. during the month depending on the investment period. Inflation went down to 11.7% during the period under review from 37.2%. In Partnership with:
Q: Which Funds Do You Manage?
General Equity Fund, Datvest Specialist Equity Fund and Datvest High Income Fund. Q: Who Do You Target as Investors? Equity based funds cater for investors that are looking at growing their wealth taking advantage of the potential offered by companies listed on the Zimbabwe stock Exchange. These tend to be ideal for investors with a minimum investment horizon of 3 years. Investors looking to benefit from interest income find the High income fund suitable. The funds are open to individual and institutional investors. Q: What Makes your Funds Attractive to Investors? Consistently good performance over the long term horizon. In addition, we have simplified the investment process in a way that allows quick understanding and execution. Having various options to choose from and the option to switch across funds gives valuable flexibility in line with changing market conditions and investor circumstances. We do take time to nurture the relationships with a clear aim of long term sustainable success. This investor centric approach has encouraged wider participation across the spectrum. Q: How do you select assets to invest in? The focus is mainly on good fundamentals. Detailed analysis of securities always informs our call to build portfolios in line with each fund ‘s risk and return objectives. Intrinsic valuations are core to all our investment themes. This is complemented by our team ‘s experience in the market for optimal entry and exit levels. Q: What Distinguishes Your Funds from Others in the Market? Our investment philosophy backed by fundamentals has been key. With that simple model and approach in the market, investors do recognise our uniqueness. Despite the huge market swings associated with financial markets, our funds have demonstrated the discipline of value investing over time.