Stephen Cranston Associate editor

The traditional unit trust investor would look for a one-stop broad equity fund, and diligently pay monthly by debit order. But that is a very small portion of the market today.

Equity funds are now primarily used as “building blocks” by multimanagers and the more sophisticated financial advisers. These investors often blend three or four equity funds together, preferring funds which represent the top picks of each fund manager.

This month we look at these concentrated general equity funds, or, as their managers prefer to call them, focused, high-conviction funds.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

**Promotion:  Standard Bank is giving new subscribers three months free* when they take up a BL Premium subscription.
*Read more (Ts & Cs apply) or click “Subscribe” below to continue.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.