Amplify Investment Partner’s Amplify SCI* Wealth Protector Fund won the best multi asset equity fund on a risk adjusted basis over five years at the Raging Bull Investment Awards.
“This is the third year in a row that the fund has won a Raging Bull award. The consistency with which the fund has been managed in trying markets is testament to the skill within the Truffle Asset Management investment team. The fund has delivered consistently on its benchmark of CPI + 3%, delivering on client expectations”, says Marthinus van der Nest, Head of Amplify.
The Raging Bull Investment Awards are the premier awards recognising the best performance in the collective investment schemes industry in South Africa.
As at the end of December 2022, the fund had an annualised return of 11.76% against a benchmark of 7.85% and a category average of 6.7% (125 funds) over five years. Over three years it delivered 11.47% against a benchmark of 8.25% and category average of 7.57% (145 funds). Over one year it delivered 12.95% against a benchmark of 9.89% and category average 6.52%. Since inception (15 August 2016) it returned 9.82% against a benchmark of 7.73% and category average of 6.52%.
The fund’s highest annual return was 19.02% (benchmark 10.88%) and lowest annual return 1.26% (benchmark 5.05%) since inception.
According to Morningstar data, the fund is one of only nine or 0.8% of the 1,136 South African unit trusts with five or more years’ track records that have beaten inflation every year since 2018. It is also the only multi-asset low equity portfolio on the list, delivering at least CPI +3.8% while none of its peers achieved CPI.
Power said he and his team were proud of their consistent performance and ability to beat the benchmark and peers. Power attributes the success of the fund to the unwavering drive to protect capital, evidenced by the fact that the fund has never experienced a negative one year rolling return. The aim of the fund is to provide consistent inflation-beating returns in a fund category where consistency is of utmost importance to investors.
Van der Nest said the performance of the winning funds, and the strong performance of other funds in Amplify’s suite of unit trusts and hedge funds, have resulted in significant inflows over the past few years. “The performance across our suite of funds reinforces Amplify’s belief in its unique ability to hand-pick agile, independent fund managers that have proved their ability to perform during volatile and uncertain markets,” he said.*Sanlam Collective Investments