Old Mutual Investment Group gets 2017 Thomson Reuters Lipper Fund Award


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.


About Author

Thabo Mphahlele is the BizNis Africa Head of Sales and Marketing. Mphahlele was previously MultiChoice Production Support Analyst responsible for developing and monitoring applications. In addition, Mphahlele develops and automates batch scripts and is responsible for the daily infrastructure maintenance at MultiChoice. As a Production Support Analyst, he is responsible for incident analysis solving , developing and constructing business reports for SQL and Oracle and implement change controls for the business. Additional responsibility includes monitoring system performance via SOA, Kibaba (Elasticsearch), H.P BSM, HP Sitescope. Mphahlele is responsible for creating infrastructure performance reports through HP Ops Analytics, monitoring payments via Splunk and in-house built-in tool and disaster recovery simulation and testing. At Nashua Mobile, he was responsible for application development and enhancing the web sites At South West Gauteng College, he was the IT Technician and Network Administrator. During his tenure at Double Digit Media, he was he focused on application and web site development for new and existing clients Mphahlele contributes as a Content Manager for BizNis Africa.

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