The Prime NextGen Flexible fund’s model uses 17 variables to select JSE shares likely to outperform over three months.
Mazi Asset Management’s Prime NextGen Flexible fund has shifted its equity book from resource counters that helped performance at the start of the year to a current basket of leading locally-listed shares.
However, the shift was not made through a discretionary call by the investment team. Jaynesh Bhana, part of the business development team responsible for Mazi’s NextGen range, told Citywire South Africa the fund’s domestic equity exposure was selected by a machine-learning model that ranked shares according to their probability of outperforming over the next three months.
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