Robert Cowen Investments was started in 1982 by Robert Cowen in order to manage private client assets, and is now positioned as a niche investment house, specializing in family wealth management. Robert Cowen Investments prides itself on being able to provide a comprehensive investment, administration and accounting service with a great deal of emphasis on personal service.
Our overseas portfolios are flying in both rand and dollar terms. Our unit trust which specialises in offshore shares, RCI BCI Worldwide Flexible Fund is up 4.32% for the month, 10.92% for the year and 23.8% over 12 months when measured in Rands.
RCI BCI Flexible Fund closed April at 369.56c, up 4.41% for the month and 11.05% for the year to date (including a distribution of 2.034c). It was 7th in April in its category (out of 76) so is comfortably in the top quartile which is what we strive for. We don’t worry about being number 1 over 6 months - we just want to make our clients a lot of money over 5 years.
RCI BCI Worldwide Flex closed April at 124.33c, up 4.19% for the month and 15.57% for the year to date. It was the 5th best performing unit trust in its category for April and 7th year-to-date (out of 75) so we are easily in the top quartile and it has risen 20.74% over the past 12 months
The primary areas for investment were equities, bonds and cash in the South African markets. Our focus was to invest in shares listed on the Johannesburg Stock Exchange unless clients had a need for income. Equities have been the only asset class to outperform inflation on a long-term basis.
Individuals have been allowed to send ever increasing capital sums offshore in the form of exchange control allowances, and portfolio managers have been able to send 30% of assets under management offshore in the form of asset swaps. This has enabled the South African investing public to participate not only in South African investments but also in investments of a global nature.
Depending on the individual’s circumstances, we recommend that an appropriate amount be transferred offshore and that the client keeps what is required locally to fund the individual’s chosen lifestyle, subject to exchange control regulations in force.