Afrifocus is a level two BEE contributor with a procurement level of 125.0% and is a registered JSE member. The actively managed Wealth Equities Portfolio invests in undervalued JSE-listed shares and international exchange-traded products, is tailored to each investor, and has a minimum investment of R500,000 over a recommended 3+ year term with high risk. A 1% annual management fee is charged quarterly with no other fees, and an Afrifocus investment team makes decisions and asset allocations while advising clients to consult their own tax advisors.
1. Afrifocus is a level two contributor with a BEE procurement level of 125.0%, and a registered member of JSE
PERSONAL WEALTH
Portfolio mandate The portfolio invests in undervalued shares with positive prospects. International
diversification is done JSE-listed exchange-traded products.
The full-discretionary, actively managed portfolio is in the investor’s name and is not in a
pooled portfolio or unit trust.
Benchmark FTSE/JSE All Share Total Return Index
Risk Profile High risk
Investment Universe JSE-listed equities, exchange traded products and cash
Minimum investment R500 000
Investment horizon The recommended term for the portfolio is greater than 3 years.
Tax liability Afrifocus is not a tax advisor, and we would recommend that the investor consults with
his or her tax advisor on potential tax implications arising from an investment in the
product.
Investment strategy The Wealth Equities Portfolio is actively managed, investing in JSE-listed instruments.
The portfolio is suitable for investors with a high tolerance for risk.
The portfolio aims to outperform the benchmark over the investment horizon, with
controlled risk. The stock allocation strategy tends to marry a top-down macro view with
bottom-up stock selection. The portfolio is not managed to any particular investment-
style.
International diversification is achieved with listed exchange-traded products, where we
prefer countries with above average growth prospects.
Risk management Equity risk is reduced by investing in all the economic sectors of the JSE ALSI, and the
stock selection is complemented with international diversification via exchange-traded
products. Stock specific risk is managed by avoiding overvalued and low momentum
counters in the portfolio.
An asset allocation review occurs twice a year.
Management fee 1% p.a. (excl VAT), charged quarterly in arrears. No other administration or performance
fees are charged.
Investment team An Afrifocus team makes the investment decisions and asset allocation.
The disclaimer is available at the end of this document, and on our website: http://www.afrifocus.co.za
WEALTH Equities Portfolio Information Sheet
2. Afrifocus is a level two contributor with a BEE procurement level of 125.0%, and a registered member of JSE
PERSONAL WEALTH
Johannesburg Cape Town Durban
Afrifocus House,
31B Impala Rd
Chislehurston,
Sandton 2196
Tel: +27 11 290-7800
Fax: +27 11 290-7878
10 Waterford Mews,
Century City Blvd,
Century City,
Cape Town 7441
Tel: +27 21 528-9900
Fax: +27 21 551-4541
Suite 119, 1st Floor, II
Palazzo
5 Zenith Dr,
Umhlanga Rocks 4320
Tel: +27 31 584-6491
Fax: +27 31 584-6847
Disclaimer
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The disclaimer is available at the end of this document, and on our website: http://www.afrifocus.co.za