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Medical Schemes Full Discretion

Foord's best investment view for discretionary SA Medical Schemes portfolios.

OVERVIEW

These mandates invest in a mix of local only asset classes and are managed to comply with the prudential requirements of Annexure B to Regulation 30 of the Medical Schemes Act. They are balanced portfolios reflecting Foord’s best investment view for discretionary medical schemes portfolios in terms of asset allocation and security selection.

STRATEGY

The investment objective is to achieve returns exceeding cash plus 2%, after all costs, over long-term cycles. Foord’s conservative, absolute return investment philosophy is naturally given to these kinds of low risk multi-asset class balanced funds. The chart below shows the long-term cumulative return of the Foord Medical Schemes composite relative to the cash plus 2% benchmark.

Long-term returns

Historic Investment Returns
Years Composite Return % Benchmark* Return %
1 Year 3.4 8.1
3 Years 3.7 8.3
5 Years 4.3 8.3
Since Inception 01 November 2002 11.5 8.8

* Benchmark: Call Daily + 2%

Performance history

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Performance Overview

Insights

08 May 2020

Stretched businesses unlikely to survive COVID-19 without government aid

The Asset spoke with Singapore-based Brian Arcese, portfolio manager at Foord Asset Management to get his outlook and insights into investing in global equities in the current climate.

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09 Apr 2020

THE PIN THAT POPPED THE BUBBLE

Global equity markets delivered the best calendar-year return of the decade in 2019. Many markets were at or near all-time highs. In this podcast, Nick Curtin talks to Foord Singapore portfolio manager Brian Arcese…

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