The Fund invests primarily in the equities (e.g. shares) of mining, financial and industrial companies and in the equities of smaller companies with above average growth potential as well as established companies with sound recovery prospects
Other investments may include derivatives (financial contracts whose value is linked to the price of an underlying asset) and other eligible securities not listed a recognised stock exchange
Fund features
An equity-only portfolio offering exposure to small and medium-sized companies listed in South Africa
Provides diversification from a general equity fund
More volatile than a general equity fund
Andrew Joannou
Portfolio Manager
Andrew is a portfolio manager in Ninety One’s Value team and is part of the core...
Investment objective summary
The Fund aims to provide capital growth
The Fund invests primarily in the equities (e.g. shares) of mining, financial and industrial companies and in the equities of smaller companies with above average growth potential as well as established companies with sound recovery prospects
Other investments may include derivatives (financial contracts whose value is linked to the price of an underlying asset) and other eligible securities not listed a recognised stock exchange
Fund features
An equity-only portfolio offering exposure to small and medium-sized companies listed in South Africa
Provides diversification from a general equity fund
More volatile than a general equity fund
Andrew Joannou
Portfolio Manager
Andrew is a portfolio manager in Ninety One’s Value team and is part of the core investment team responsible for SA Value strategies. He is also the portfolio manager for the Emerging Companies Fund, which he initially managed between 2003 and 2005, before leaving NInety One to join Afena Capital.
Andrew was a founding member and chief investment officer at Afena Capital, also holding the position of head of resources and financials.
Andrew has a Bachelor of Business Science degree in Finance and Accounting (with Honours) and is a CFA® Charterholder.
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