Listed Investments

Listed Investments unit is responsible for the formulation and administration of strategies relating to all investments made through registered stock exchanges.

The Listed Investments unit is responsible for the formulation and administration of strategies relating to all investments made through registered stock exchanges. We deal directly with the asset managers based on strategies derived from our ALM (Asset Liability Management). Investments are made at the discretion of the Asset Manager, who in turn has a mandate with the client, namely GIPF. The Investment Guidelines incorporated in the mandate stipulates what the asset manager may or may not invest in. No Unlisted Investments are allowed in these mandates, unless there is a specific reason, such as a share being delisted and therefore still be kept in the portfolio to recoup dividends. The mandates differ on regional focus and can vary from Local Mandates to Global Mandates. The mandates also make provision into different asset classes such as Equities, Bonds, Cash or Properties.

Global Equity – there are several managers with these mandates that have a non-Africa focus. They mostly invest in Developed markets such as the USA, Europe (inclusive of UK) and some key Asian markets. The following managers have these mandates:

  1. Hosking Partners (UK-based)
  2. Sands Capital (USA-based)
  3. Sanders Capital (USA-based)
  4. Investec Asset Management (UK-based)
  5. Cohen and Steers (Global Listed Infrastructure Mandate) UK-based

 

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