6 December, 2010, Dibanisa Fund Managers, the index tracking specialist in Old Mutual Investment Group SA (OMIGSA), has recently expanded its global tracking capabilities to include the popular MSCI Emerging Markets Index.
According to Dibanisa MD Craig Chambers, the boutique has been managing global tracker funds for over a year. "Now, in recognition of this track record, we have added the MSCI Emerging Markets Index to our wide range of tracking options, and are pleased to have already attracted initial investments of US$70 million (R500 million) from investors."
From a skills capacity perspective, Dibanisa's global tracking capability is now well established, added Chambers. The group has been managing local tracker funds since 2001, in the process building up a long and successful track record for low tracking error. This experience has helped significantly in its global pursuits.
"We have an excellent investment team in place, and I am confident that we will continue to establish a great three-year track record outside South Africa, while ensuring that tight tracking errors are maintained on all our domestic funds," he noted. "To put this into perspective, in aggregation, we now track more than 4,000 stocks within numerous indices, spread across 47 countries - with this kind of complexity you need excellent technology and experienced tracker managers. We have both, and are looking forward to more inflows in 2011, as we expect both low-cost tracking funds and emerging markets investments to remain attractive for investors next year."
About Dibanisa Fund Managers
Launched early 2001, Dibanisa Fund Managers, previously Umbono Fund Managers, is a focused investment house that specialises in equity and bond tracker solutions. It is one of the largest index tracker investment houses in Africa, with approximately R35 billion in assets under management (as of 30 November 2010).
For more information, please contact Craig Chambers at (011) 562-6039 or cchambers@dibanisafundmanagers.co.za or alternatively, Lynn Bolin, OMIGSA head of media and communications, at (021) 509-5667 or (083) 443-0105.
The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with Old Mutual Global Index Trackers and any related funds.