We manage portfolios for a range of clients:
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Institutional clients, including retirements fund, long term insurers, short term insurers, medical schemes; and
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Retail clients, including collective investment funds or unit trusts for individual investors.
Our investment platform caters for a wide range of products and capabilities. Our products and portfolios are packaged as follows:
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Segregated portfolios, structured to suit a client’s risk profile and preferences, which are suited to large institutional clients. The underlying assets are registered in the name of the client;
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A range of pooled portfolios suitable for small and medium retirement funds, which are underwritten using the Sanlam Life insurance license. The underlying assets are pooled together and unitised, and the each fund owns units in the pooled portfolio; and
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A wide selection of collective investment funds or unit trusts, which are available for individual as well as institutional investors.
Typical range of portfolios
The variety of portfolios managed can be broadly classified as below. Where appropriate, portfolios gain international exposure via the multi-manager capability offered by Sanlam Multi-Manager International(SMMI) and an alternative investment offering from Octane.
Balanced investment portfolios
Our balanced investment portfolios incorporate all investment classes, including international investments. Balanced portfolios are either fully discretionary with unrestricted asset class ranges and managed in a peer group environment, or managed in a risk-profiled fashion, which includes narrower asset class ranges such as:
- Conservative
- Moderate; and
Aggressive
Specialist investment portfolios
Specialist investment portfolio consists of single asset classes such as equities, bonds or cash.
Equities
We manage general equity and sector-specific portfolios (e.g. resources, FINDI, INDI). These can either be managed in a best-house-view manner, which is relatively unconstrained with high conviction, or in a risk-controlled fashion against a benchmark such as:
- Equity index tracker – zero tracking error;
- Enhanced equity - maximum tracking error of 1.5%;
- Moderate equity – benchmark cognisant, with a maximum tracking error of 4.5%; and
- Unconstrained equity – no tracking error limit, not benchmarked cognisant. Click here to download product detail.
In addition to the fundamental research based portfolios, we also manage portfolios on a quantitative basis using a multi-factor model:
- Enhanced index quants product – maximum tracking error of 2%; and
- 130/30 quants product – similar to a hedge fund with the ability to sell shares short.
Bonds
Bond portfolios can either be managed in a best-house-view manner, which is relatively unconstrained with high conviction, or in a risk-controlled fashion against a benchmark such as:
- Bond Index Tracking mandate – no tracking error;
- Conservative Modified Duration Bond mandate – maximum 0.35 modified duration;
- Moderate Modified Duration Bond mandate – maximum 0.75 modified duration;
- Aggressive Modified Duration Bond mandate – maximum 1.25 modified duration; and
- Specialised Aggressive Modified Duration Bond mandate – maximum 2.0 modified duration.
In addition, we can actively manage specialised bond portfolios consisting of:
- Inflation-linked bonds;
- Development bonds;
- Credit-enhanced bonds; and
- Infrastructure bonds.
Cash portfolios
Clients can invest in either the Low Risk or Enhanced Cash portfolios. Alternatively, we can structure an investment portfolio according to a client’s specific needs.
Absolute Return portfolios
Our absolute return portfolios aim to minimise the risk of achieving returns less than a specified benchmark, where the benchmark is defined in absolute terms. Most of these portfolios are managed using all available asset classes, although some utilise only interest-bearing instruments.
Our portfolios have a two-tiered investment return target:
- Over rolling three-year periods to achieve real returns of a pre-defined percent above inflation per annum before tax and costs, e.g. x% in excess of inflation as measured by the increase in the headline consumer price index; and
- To never earn a negative return in any consecutive twelve-month period.
We offer the following portfolios, each clearly differentiated from the other, depending on each client’s specific requirements and risk appetite:
- CPI + 3%;
- CPI + 4%;
- CPI + 5%; and
- CPI + 6%.
Hedge funds
We manage fixed interest and equity hedge funds using a variety of strategies.
International Investments
Where appropriate, portfolios gain international exposure via the multi-manager capability offered by
Sanlam Multi-Manager International (SMMI) and an alternative investment offering from
Octane Management Limited, based in Zurich, Luxembourg, Johannesburg and Cape Town.
Sanlam Multi-Manager International
Our clients receive overseas exposure via the Irish-registered funds of SMMI. These funds are in the form of an open-ended umbrella investment company with variable capital incorporated with limited liability under the laws of Ireland.
Octane
Our clients receive overseas exposure via the British Virgin Islands (BVI) registered funds of Octane. These funds are in the form of an open-ended investment company with limited liability under the provisions of the British Virgin Islands International Business Companies Act.
Pooled Portfolios
Investors who have less than R75 million to invest are advised to invest in the comprehensive range of pooled portfolios Sanlam Investment Management (SIM) manages on behalf of
Sanlam Employee Benefits using the Sanlam Life insurance license.
For the monthly performance data click on the links below.
Sanlam Absolute Return
Sanlam Cash
SIM SRI Bond Fund
Sanlam Diversified
Sanlam High Equity
SIM SRI Equity Fund
Sanlam Inflation +3%
Sanlam Moderate
Sanlam Plus
Sanlam (100+) Cash Portfolio (no new policy holders)
Sanlam Classic (no new policy holders)
To access the Quarterly Report click here.
Collective Investments
Sanlam Investment Management (SIM) is one of the leading role players in the collective investment industry in South Africa. Our business strategy and philosophy are to offer client-focused investment solutions based on a wide range of easy-to-understand products. The product range aims to satisfy the investment needs and requirements of clients, giving them a choice of single- and multi-manager solutions, local and offshore, across all identified risk profiles and asset classes.
Full details of each fund are available in fund fact sheets. You can download these by clicking on the name of the fund mentioned below.
If you’re interested in investing in our funds, please call the Sanlam Collective Investments (SCI) solutions line on 0860 238 423 or click here to visit the website for further information. If you're interested in investing in our funds, please print and complete our >
registration form.
Frequently Asked Questions on performance fees
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