AH Rainmaker still doing well - General Market Analysis26 Oct 2001
The African Harvest Rainmaker Fund had a rough September, as the international component of the fund was heavily weighted towards the tourism sector through US hotel-based property trusts in the fund manager's drive to build up a defensive offshore holding. The domestic component of the portfolio is still driven by the search for low-p:e companies with visible strong earnings and cash flows and rand hedge qualities.
(Source: Financial Mail 26 October 2001)
AH Rainmaker breaking the trend - Media Comment27 Jul 2001
Tim Assop follows a different strategy that the average of the general equity sector. At the end of June 2001, the top 20 holdings of the general equity sector only comprised 9% of the the Rainmaker fund. The fund has a strong value bias, althought 15% of the fund is exposed to IT.
(Source: Financial Mail, July 27, 2001)