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New unit trusts defy bear market trend WE'RE in a bear market but that's not stopping the flood of new unit trust funds. Sanlam Unit Trusts At the launch of their four new funds this week, Fanie Lategan, managing director of Sanlam Unit Trusts, denied this was a bad time to introduce new funds. "I would rather launch at the bottom of a cycle than at its top." All four funds, he added, were targeting sectors with excellent growth potential and sound value. Sanlam Future Trends Fund: This fund invests mainly in companies and institutions likely to benefit from trends such as demutualisation, technology and black empowerment. It is a specialist fund and so carries a higher-than-average risk. Sanlam Value Fund: The fund's objective is to earn superior returns by investing in companies that are cheap relative to their earnings and growth. The portfolio will comprise a wide spread of shares in financially sound companies that offer exceptional value. Traditionally, value shares are those of companies with a high market capitalisation found in the JSE all-share top 40 index (blue chip shares). Sanlam Technology Fund: The fund will invest both locally and internationally in technology-related companies with above-average growth potential. This is a specialist fund and so carries a higher-than-average risk. Sanlam Europe Growth Fund: This is a local international fund (rand denominated) which invests in companies and securities on the European and UK markets. Once assets under management amount to R500-million, no new investment will be accepted. The minimum amounts for all funds is a R2 000 lump sum or R200 monthly. M3 Capital The financial services group has launched two new funds. Money Market Wrap Fund: The fund invests in the top yielding two or three local money market unit trust funds. International Fund of Funds: The fund is run on a multi-manager approach in conjunction with global player SEI. Top of page | Home Page | News | BT Money | Survey | Companies | People | Appointments | World | Markets | Trends | Columns | News Maker | Money Guides | Labour Guides | Calculators | Search | Archive | E-Mail us |