London and Cape Town, 8th April 2024, Ranmore Fund Management, the UK-based global equity Value manager, saw the Ranmore Global Equity Fund surpass $200 million AUM for the first time in March 2024. Ranmore Global Equity Fund plc’s USD Investor class has been rated 5 Crowns by FE fundinfo and 5 Stars by Morningstar, assigned to the top 10% of funds.
Meanwhile, the BCI Ranmore Global Value Equity Feeder Fund has reached R656 million thanks to the partnership with the Cape Town-based Collective Investment Schemes (CIS) manager Boutique Collective Investments (BCI).
Management of Ranmore’s South African feeder fund moved across to the BCI platform in March 2023.
Sean Peche, Portfolio Manager at Ranmore, commented,
“We are delighted that our Global Equity Fund has crossed the $200 million AUM mark as we continue to attract new UK and SA wealth manager clients. Importantly, our largest wealth manager client represents less than 10% of our total assets, ensuring minimal client concentration risk, while the growth in assets continues to reduce our run rate TER / OCF.”
“Additionally, the success and substantial growth in assets of the R656m BCI feeder fund makes it a very important component of the R4.2bn Ranmore Global Equity Fund. BCI have been fabulous partners, as we have seen a 48x increase in feeder fund assets invested in Ranmore Global Equity Fund since BCI took over. We’re fortunate to work with such an effective and efficient organisation to make global equity investing so accessible for South Africans. Having partners like BCI provides us with the freedom to remain focused on our only objective – attempting to generate excellent real returns for our clients.”, said Peche.
Robert Walton, Chief Executive Officer at Boutique Collective Investments, commented,
"We are thrilled to have helped Ranmore to reach this milestone. We look forward to continued success and growth in our collaboration.”
ENDS
Notes to Editors
About Ranmore Fund Management
Ranmore Fund Management (“Ranmore”) is an independent investment manager specialising in active investing in Value global equities.
The Ranmore Global Equity Fund launched in October 2008, reaching AUM of $220 million (as of 28th March 2024). For more information, please visit: https://ranmorefunds.com
About BCI
BCI is a local independent Collective Investment Scheme (CIS) service provider in South Africa.
As an independent Collective Investment Schemes (CIS) manager, Boutique Collective Investments (BCI) provides own-brand and co-branded CIS portfolios to wealth managers and our boutique partners. The business is managed by a team of very experienced individuals, all of them being CIS specialists.
BCI’s core business is to support its boutique partners in growing their assets under management by providing high-quality products, administration and distribution services.
Total BCI unit trust assets under administration is +/-R330 billion spread over more than 450 CIS portfolios. For more information, please visit: https://www.bcis.co.za/boutique-collective-investments/
Compliance Notes
All data is accurate as of 8th April 2024.
This is a marketing communication. Please refer to the prospectus of Ranmore Global Equity Fund plc and MDD before making any final investment decisions.
Ranmore Global Equity Fund plc is approved in terms of section 65 of the Collective Investment Schemes Control Act (2002) for marketing and distribution in South Africa. Collective Investment Schemes (CIS) are generally medium to long-term investments. The value of shares in the Fund may go down as well as up, and past performance is not necessarily an indication of future performance or returns. Neither Ranmore Fund Management Ltd nor Ranmore Global Equity Fund plc provides any guarantee with respect to capital protection of the Fund’s returns. Collective Investment Schemes trade at ruling prices and can engage in borrowing.
Past performance is not necessarily an indication of future performance or returns. Capital is at risk. Ranmore Fund Management Ltd has taken all reasonable care to ensure that the information contained in this promotion is accurate at the time of publication, no representation or warranty, express or implied, is made as to the accuracy, reliability or completeness of such information. This promotion is approved for issue in the United Kingdom by Ranmore Fund Management Limited, Coveham House, Downside Bridge Road, Cobham, KT11 3EP, a firm authorised and regulated by the Financial Conduct Authority. Ranmore Global Equity Fund Plc has been authorised by the Central Bank of Ireland as an open-ended investment company, registered by way of continuation in Ireland pursuant to the UCITS Regulations 2011. The Fund is a global long-only equity fund.
FE fundinfo Crown Fund Ratings do not constitute investment advice offered by FE fundinfo and should not be used as the sole basis for making any investment decision. All rights reserved.
Copyright © 2024 Morningstar UK Limited. All Rights Reserved. The Morningstar Rating is an assessment of a fund’s past performance – based on both return and risk – which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk- Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, lo ads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics.
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