Causes Of Market Volatility

Correlations between equity markets globally, as well as correlations between different asset classes like equities and bonds or commodities, have been high and rising in recent years. Such high correlations are not normal and have occurred despite significant deviations in the economic growth path of countries.

Foord's Position On PPC

Foord Asset Management is a long-term investor in PPC Limited. We are concerned that the recent conduct and decisions taken by the current PPC board of directors may prejudice the long-term interests of our investors.

Milestones

Foord Asset Management has been engaged in consistently growing retirement savings since 1981. The company offers a premium investment management service to long-term investors in retirement funds and unit trust portfolios. A multi-decade track record of successful investing evidences Foord’s ability to consistently deliver superior investment returns for a range of investment strategies.

Zero Exposure To African Bank

Foord Unit Trusts (RF) (Pty) Ltd confirms that none of the Foord Unit Trust portfolios has, nor has had, any exposure to securities issued by African Bank Investments Limited (ABIL) or African Bank Limited (ABL).

FGEF Feeder Launched

The Singapore-domiciled Foord Global Equity Fund (FGEF) was recently approved by the Financial Services Board for distribution in South Africa. The FSB concurrently approved a South African into FGEF, which is now available for investment.

A Fund For All Seasons

The Foord Flexible Fund of Funds is a top performer in the category of unit trusts that gives managers an unconstrained investment mandate. The lead fund manager of the three funds associated with the Foord Flexible Fund of Funds is Dave Foord, who tells Liz Still how he and his team sift through the clutter and avoid the obvious in search of the underlying promise in funds anywhere in the world.

Requiem For A Dream

For many, the Foord Compass variable rate debentures were the dream investment of the past decade. Sadly, owing to changes in the tax legislation, debenture holders recently voted to have the debentures redeemed. This took place on 31 March 2014 and the debentures were subsequently delisted from the JSE’s mainboard.

Morningstar Win 2014

Foord collected the coveted “Best Fund House” award for management companies with a smaller unit trust range at the Morningstar unit trust awards held in Cape Town on 19 February 2014. Morningstar annually recognises unit trusts that have delivered excellent risk-adjusted returns for investors. The Morningstar Awards are designed to help investors identify the country's most exceptional funds and fund managers.

Raging Bull Win

The Foord Flexible fund of Funds received the award for Best Worldwide Multi-Asset Flexible Fund (SA Domicile) at the 18th Annual Raging Bull Awards in Cape Town.

Foord Recognised

Dave Foord, global CIO of Foord Asset Management, has received recognition for the success by ANZ New Zealand Investments Limited in New Zeland’s recent Fund Manager of the Year awards. Mark Brown, Head of Equities at ANZ, attributed ANZ’s success to “doing things the Dave Foord way."