Client Press Releases

GCI Rated 5-Stars by Morningside

South African unit trust fund GCI Balanced has been awarded a 5-star rating by investment research firm Morningstar, firmly placing GCI in the top 10% of all funds in the Unit Trust and Mutual funds universe.
The Morningstar system is a risk-adjusted rating that brings performance, return, and risk together into one evaluation.

This ranking is a result of GCI’s Stop Loss strategy, according to fund manager Alex Cook. He believes that the strong and steady investment growth over the past few years is not sustainable and more caution should prevail going forward.

“Warren Buffet once said, ‘The first rule (of investment) is not to lose. The second rule is not to forget the first rule’. That’s how we manage our fund – to preserve our client’s capital, to exit investments that are at risk, and to enter the markets at attractive price prices. We compete against a benchmark that beats inflation, not against other funds. If the market goes down by 35%, we’re not happy to tell our investors that although we’ve outperformed other funds we’ve still lost them money have not had a down year and we don’t intend to.”

GCI Balanced ranks 2nd out of 38 funds in the Prudential Variable Equity Sector with a return of 72% (15% per annum) from the GCI Balanced fund’s inception in September 2005 and 1st out of 48 funds with a return of 16% over the last 24 months.

About GCI

GCI is a South African based fund manager with approximately R440m under management. They manage two unique funds, the GCI Balanced Fund and the GCI Flexible Fund. Both have ranked in the 1st quartile since their inception in September and August 2005 respectively. GCI funds are offered through Sanlam Glacier, Old Mutual Galaxy, Momentum Wealth, Equinox and Metropolitan. More information can be found at www.gci.co.za