SIM Global Best Ideas used to qualify as the most bizarre and idiosyncratic global equity fund on the market. It was run by financial fund manager Kokkie Kooyman and often had a clear bias to emerging-market mid-caps. But over the past three years it has started to look like a more conventional global equity fund. Kooyman’s co-manager, Douw Steenekamp, has brought more discipline into the portfolio. It has, unfortunately, made the fund somewhat duller. The largest share — once Great Wall Motors of China — is now Microsoft. Steenekamp likes old-line IT companies that are no longer considered glamorous, such as the house that Bill Gates built, Cisco and Oracle. He says every one of the top 200 US companies is an Oracle client. Of the newer-generation tech businesses, only Apple appears in the top 10.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.