For over 30 years, the Thomson Reuters Lipper Fund Award has recognised funds and fund management firms across the globe for their dependably strong risk-adjusted three, five and ten-year performance relative to their peers.
The criteria for evaluating award winners is based on Lipper’s renowned proprietary performance-based methodology.
The Old Mutual Albaraka Equity Fund outperformed competitors in the five-year Global Islamic Fund category. This Shari’ah-compliant Fund provides investors with cost-effective access to a broad spectrum of local and international listed investments, including the opportunity to invest on the Johannesburg Securities Exchange (JSE).
Faried Boltman, Old Mutual Unit Trusts Public Officer and Head of Investment Operation says that the Fund seeks to provide medium- to long-term out performance of the FTSE/JSE Shari’ah Index.
The Old Mutual Albaraka Equity Fund is a top quartile performer over a two and 25-year period against the South African General Equity category.
“Winning this award is a true testament to the Fund’s consistent performance since its inception on 30 June 1992 and the collective value added by the various analysts’ and fund managers’ expertise over the years. Old Mutual Unit Trusts has great confidence in the current fund management team and looks forward to the Fund continuing to perform strongly going forward. Recognition should also go to our partner, Albaraka Bank, who ensures that, together with the Shari’ah Supervisory Board, the fund remains Shari’ah compliant,” concludes Boltman.