Local Funds
Renaissance has partnered with Boutique Collective Investments to establish the following South African registered and regulated funds:
The Renaissance BCI Cautious Fund
The primary objective of the Fund is to provide investors with a high level of income and stable capital growth.
The portfolio is managed in compliance with prudential investment guidelines for retirement funds. Investments may comprise a combination of assets in liquid form, money market instruments, interest bearing instruments, bonds, debentures, corporate debt, equity securities, property securities, preference shares, convertible equities and non-equity securities.
The manager may invest in participatory interests or any other form of participation in portfolios of collective investment schemes. The portfolio may invest in financial instruments. The manager may also include forward currency, interest rate and exchange rate swap transactions. Equity exposure may be as high as 40%. The manager shall reserve the right to close the portfolio to new investors. This will be done in order to manage the portfolio in accordance with its mandate. This fund complies with Regulation 28.
The Renaissance BCI Managed Fund
The primary objective of the Fund is to offer investors a moderate to high long term total return.
The portfolio is managed in compliance with prudential investment guidelines for retirement funds in South Africa to the extent allowed for by the Act. In order to achieve its objective, the investments normally to be included in the portfolio may comprise a combination of assets in liquid form, money market instruments, interest bearing securities, bonds, debentures, corporate debt, equity securities, property securities, preference shares, convertible equities and non-equity securities.
The manager may invest in participatory interests or any other form of participation in portfolios of collective investment schemes or other similar collective investment schemes as the Act may allow from time to time, and which are consistent with the portfolio’s investment policy. This fund complies with Regulation 28.
The Renaissance BCI Global Best Ideas Feeder Fund
The objective of the Fund is to generate long term capital growth and offer investors offshore diversification and exposure to global markets.
The portfolio will apart from assets in liquid form, invest solely in the participatory interests of the Renaissance Global Best Ideas Fund IC Ltd established under the Momentum Mutual Fund ICC Limited (Guernsey) scheme.
The underlying portfolio invests mainly in equity, other securities and interest-bearing instruments as well as participatory interests of underlying portfolios of collective investment schemes or other similar schemes that provide exposure to equity investments and other growth asset classes across all market sectors.
International Funds
Renaissance, in partnership with Momentum Mutual Fund ICC Limited, have launched the Renaissance Global Best Ideas Fund IC Limited and Renaissance Global Flexible Fund IC Limited. Both funds are registered in and regulated in Guernsey. The Renaissance Global Best Ideas Fund IC Limited is also approved and regulated by the Financial Services Board in South Africa.
For more information on the structure of these Funds, please see the Momentum Mutual Fund ICC Limited Prospectus.
Renaissance Global Best Ideas Fund IC Limited
The Renaissance Global Best Ideas Fund IC Limited is a multi-asset fund that aims to provide investors with capital growth over the medium to long term (3 to 5 years) through investments in a diverse range of global asset classes and currencies. The Fund aims for a return in excess of a composite benchmark, made up of 60% MSCI World Index and 40% JP Morgan Global Government Bond Index.
The Fund aims to achieve its investment objective by investing globally, primarily via other collective investment schemes in a wide range of asset classes including cash, fixed income, equities, property, commodities and asset allocation portfolios. The Fund may also invest in transferable securities which are classes of investments that are negotiable on a capital market such as (but not limited to) shares in companies or bond investments.
The Base Currency of the Fund is US Dollars, however, the investments of the Fund may be denominated in various currencies other than US Dollars and the GBP Shares are priced and valued in Pounds Sterling.
Accordingly, the Fund has multiple currency exposures and such exposures may be hedged, although the Sub-Investment Manager is under no obligation to do so.