Products
Spencer Financial Services Products

The Spencer Financial Services product range consists of private client share portfolios, wrap funds, unit trusts and segregated portfolios - each designed to meet specific risk and return objectives. Spencer Financial Services only transacts in FSB approved and JSE listed investments and markets regulated funds only.

Private client share portfolios

For the more experienced investor, private client share portfolios offer a way to expand their portfolio and grow their wealth. This product is best suited to high net worth individuals who seeks further diversification opportunities, or who understands and actively seeks the higher returns that coincides with the relatively higher risks.

Our private client share portfolios are managed on the JSE administration platform and are insured by the JSE Guarantee Fund against theft, fraud, mala fide dishonesty and gross negligence. These products are administered by PSG Online Securities.

• Spencer Equity Portfolio

This portfolio aims to outperform CPI plus 7% over rolling three years. The risk profile is high and a typical investor should have an investment time horison of five plus years.

The ideal investor in the Spencer Equity Portfolio has an aggressive risk profile and his or her financial position should be able to withstand short term volatility in the stock market.

• Spencer Flexible Equity Portfolio

This portfolio aims to outperform CPI plus 6% over rolling three years. The risk profile is moderate to high and a typical investor should have an investment time horison of three to five years.

This portfolio’s target investor has a moderately aggressive risk profile, and should have a basic understanding of the functioning of stock markets.

• Spencer Property Income Portfolio

This portfolio aims to outperform CPI plus 6% over rolling three years. The risk profile is moderate to high and a typical investor should have an investment time horison of five plus years. 

This portfolio is suited to an investor seeking both income and capital growth, while also having the ability to withstand the equity-related risks this investment poses.

• Spencer Flexible Income Portfolio

This portfolio aims to outperform CPI plus 5% over rolling three years. The risk profile is moderate to high and a typical investor should have an investment time horison of five to seven years.

An investor seeking inflation-resistant returns with a moderately aggressive risk profile is best suited to the Spencer Flexible Income Portfolio.

WRAP funds

The term ‘WRAP’ is used to describe a single product offering consisting of a collective of unit trust funds that are compiled in a specific manner in order to simplify the client management process. Clients with the same risk profile and investment objectives are grouped together and invested in the same allocation of funds. The WRAP eases the management process whereby the clients are administered and has one fee for the collective.

Our WRAP funds strictly invest in approved collective investment schemes and give our clients flexibility in the fact that they are available on a variety of respected LISP platforms in the industry.

Spencer has a range of eight WRAP funds which range from conservative, to risky and also income biased. It is also possible to combine various WRAP funds in order to obtain the optimal underlying asset allocation.

Note that on the AIMS investment platform, the WRAP funds are labeled ‘Spencerfin’ and not ‘Spencer’.

• Spencer Cautious WRAP Fund

This fund aims to outperform inflation plus 3% over rolling three years. The risk profile is low to moderate and a typical investor should have an investment time horison of three to five years.

The ideal investor for this WRAP fund should have a cautious risk profile, but be open to the inflation-hedging properties that the supplementary equity exposure offers. A client can also draw a monthly income from this portfolio, but should be able to withstand low, short-term capital volatility.

• Spencer Income WRAP Fund

This fund aims to outperform the 1 to 3 Year All Bond Index over rolling three years. The risk profile is low and a typical investor should have an investment time horison of one to two years.

The ideal investor for this fund is the extremely risk averse investor who seeks a better return than the Money Market has to offer.

• Spencer Managed WRAP Fund

This fund aims to outperform inflation plus 5% over rolling three years. The risk profile is moderate and a typical investor should have an investment time horison of five to seven years.

This fund employs asset allocation and is actively managed to enhance returns, while yielding a moderate risk profile. The average investor who seeks capital growth is best suited to this fund.

• Spencer Aggressive WRAP Fund

This fund aims to outperform inflation plus 6% over rolling three years. The risk profile is moderate to high and a typical investor should have an investment time horison of five to ten years.

This WRAP is specifically suited to young aggressive investors, although any investor with an aggressive risk profile can consider investing in this fund. The Spencer Aggressive WRAP is Regulation 28 compliant.

• Spencer Property Income WRAP Fund

This fund aims to outperform inflation plus 6% over rolling three years and focuses on income generating assets. The risk profile is moderate to high and a typical investor should have an investment time horison of five to seven years.

Investors who seek both income and the potential for capital growth from their investment are suited to the Property Income WRAP. This might be a solution to those who have left it too late to save for retirement and require both an income and capital growth, while understanding the risks of capital fluctuations and delving into their capital at times.

• Spencer Equity WRAP Fund

This fund aims to outperform inflation plus 7% over rolling three years. The risk profile is high and a typical investor should have an investment time horison of five to ten years.

The Spencer Equity WRAP target investor is one who requires a managed equity solution with managed downside risk relative to mainstream equity investments within a regulated framework. Note that this product is however not Regulation 28 compliant.