Amplify Investment Partners has announced the addition of two new co-fund managers to the well-regarded Amplify SCI Strategic Income Fund, one of its flagship income solutions. The new appointees are Carmen Nel, Head of Multi-Asset at Terebinth Capital, and Kanyane Matlou, Deputy Chief Investment Officer.
Terebinth Capital serves as the investment manager for the Amplify SCI Strategic Income Fund. Nel and Matlou will collaborate with Terebinth’s current portfolio managers, including Chief Investment Officer Erik Nel and Managing Director Nomathibana Okello, thereby enhancing an already robust management team.
Wade Witbooi, Managing Director of Amplify, stated that the new appointments bring valuable skills to a fund known for its consistent outperformance through active investment in liquid and high-quality fixed interest assets.
The aim of these appointments is to further strengthen the fund’s track record of delivering strong returns for investors. Witbooi highlighted that Carmen brings extensive expertise in macroeconomics, fixed income, modelling, and investment idea generation. Kanyane is recognised as a seasoned macro specialist who has significantly contributed to managing the fund’s listed property exposure and will also apply his strategic marketing skills to support the fund’s growth.
Launched in September 2014, the Amplify SCI Strategic Income Fund has attracted R18.3 billion in assets under management. It is actively managed and conservatively positioned, benchmarked against SteFI +1%.
In terms of performance, the fund has delivered annualised returns of 8.80% over ten years, outperforming its benchmark of 7.76% and the ASISA SA Multi-Asset Income peer group average of 7.81%. Over five years, the fund achieved 9.62%, compared to the benchmark’s 7.38% and the peer group’s 8.13%. In the past year, the fund returned 11.06%, exceeding both the benchmark of 8.85% and the peer group average of 9.20%.
Erik Nel remarked that the collective expertise in macroeconomics and active management strategies helps to maximise investment opportunities for clients. Witbooi concluded by expressing enthusiasm about working closely with Carmen and Kanyane to create greater value for their clients.