Who we are

Futuregrowth manages around 185 billion (+/- US$13 billion) of assets across the full range of interest bearing and developmental investments.

Keeping our promises to clients through fundamental analysis that supports strong investment views.

The Futuregrowth story:
Past and future

A vision unfolding

In the wake of South Africa’s democratic transition, Futuregrowth was founded in 1994 with a small suite of investment funds focused on social development and empowerment, and with the vision of creating a sustainable channel for pension funds to invest in disadvantaged communities and national development.

Fast forward more than 20 years: Today Futuregrowth manages around R185 billion (+/- US$13 billion) of clients’ assets, across the full range of fixed interest and development funds, and plays a leadership role in the asset management industry in South Africa. During this time we have not wavered from our purpose to protect and grow investors’ savings through skill and diligence, while being a force for good in the markets and environment in which we operate.

This sense of purpose is based on our belief that investors can make a positive difference in society while earning sound investment performance for pension fund members. That has inspired us to pioneer development funds in sectors such as infrastructure, rural and township retail property, agriculture and renewable energy, providing finance to innovative deals including low-income housing construction, a church in Soweto, urban regeneration projects, taxi finance, and alternative energy, to name a few.

As a responsible investor we engage with our industry and investee companies privately, and sometimes publicly, on sustainability issues. As examples: We have been working steadfastly to improve South Africa’s debt capital market standards. In 2013, we identified unfair, unsustainable and prejudicial practices within the consumer lending industry. We chose to stop lending to such businesses in our developmental funds and publicly called for industry reform. And in 2016, we announced that we could no longer in good conscience invest pension fund members’ assets in certain State Owned Enterprises (SOEs) until we had concluded detailed governance reviews.

The original concept of Futuregrowth is still alive and thriving in the Futuregrowth of today. Though the company has developed into a successful asset management business, the philosophical belief on which the business was founded in 1994 is still at the core of everything we do.

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Our promise to clients

At Futuregrowth we take our ethical responsibility towards our clients seriously. These nine statements make up our promise to you.

  1. Our clients’ interests always come first.
  2. We apply investment judgment based on informed, diligent, objective, and independent analysis.
  3. Our behaviour is honest, competent, ethical, and complies with applicable laws and regulations.
  4. We treat all clients fairly.
  5. We avoid conflicts of interest in the provision of our products and services, but where unavoidable make full disclosure to clients.
  6. Client confidentiality is upheld at all times.
  7. Our costs are fair, reasonable, and transparent and are clearly explained.
  8. We communicate clearly, accurately, and in a timely and effective manner.
  9. We keep appropriate and complete client records.

If your experience of Futuregrowth is not aligned with these statements please let us know at ourpromise@futuregrowth.co.za.

Note: This promise statement is adapted from the CFA Institute’s Statement of Investor Rights. Click here to view these Rights. 

Our History

The Futuregrowth story

Our Awards

Over the years, we have been nominated for and received numerous industry awards in various categories. Below are some of our achievements...

  • 2018

    Batseta Imbasa Yegolide Awards
    Bond Manager of the Year
    Alternative Asset Class Manager of the Year
    Responsible Investment Manager of the Year

    MSCI South Africa Real Estate Investment Award
    Best Performing Specialist fund over 3 years: Community Property Fund

  • 2017

    MSCI South Africa Real Estate Investment Award
    Best Performing Specialist fund over 3 years: Community Property Fund

     

     

     

  • 2016

    Batseta Imbasa Yegolide Awards
    Bond Manager of the Year

     

     

     

  • 2015

    Batseta Imbasa Yegolide Awards
    Responsible Investment Manager of the Year

  • 2014

    Raging Bull Awards
    South African Interest-bearing Variable-term: Community Growth Gilt Fund

     

  • 2013

    AfricaAM Performance Awards
    South Africa Fixed Income Fund - Long Term Performance: Futuregrowth Infrastructure & Development Bond Fund

    POA Imbasa Yegolide Awards
    Bond Manager of the Year

    POA Imbasa Yegolide Awards
    Responsible Investment Manager of the Year 

    Raging Bull Awards
    Best Domestic Fixed-interest Income Fund: Old Mutual Income Fund (R Class)

  • 2012

    Raging Bull Awards
    Best Domestic Fixed Interest Income Fund

  • 2011

    Africa Investor Agribusiness Investment Awards 
    Agribusiness Fund of the Year 

    POA Imbasa Yegolide Awards
    Socially Responsible Investor of the Year 

    Global Pensions Award
    Socially Responsible Investing

  • 2010

    The Mail & Guardian Investing in the Future Awards
    Enterprise Development

    Africa Investor Infrastructure Investment Awards
    Social Infrastructure Deal of the Year

  • 2009

    The Mail & Guardian Investing in the Future Awards
    Enterprise Development

  • 2008

    Africa Investor Infrastructure Investment Awards
    Infrastructure Fund of the Year

Our Group Structure

Old Mutual Investment Group is a shareholder of Futuregrowth Asset Management.

Read more about Old Mutual

Board Members

Mr PE Rackstraw

Managing Director

Futuregrowth

Mr AC Canter

Chief Investment Officer

Futuregrowth

Mr HW Beets

Independent Member

Mr H George

Director of Investments

Old Mutual Investment Group

Mr GL Gobodo

Managing Director

Old Mutual Investment Group

Ms DM Lerutla

Independent Member