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Investment Review – March 2018

A large part of our fund research work focuses on trying to understand how a fund manager thinks. While most businesses want you to believe that it’s all about ‘philosophy’ or ‘process’, in reality it is people who manage funds and people who make investment decisions, not processes.

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The Investec Managed Fund aims to provide investors with stable growth of capital over the long term. The objective is to achieve returns well in excess of the fund’s peer group average, measured over three to five year periods.