What We Do
Multi-management
Research shows that the most significant driver of investment outcomes is asset class allocation—not manager or style selection
Low Fees
Aligned with Regulation 37 policy objectives, these portfolios offer uncomplicated, low-fee solutions with sound performance exceeding the portfolio objective over the designated period. A big governance budget at a small fee.
Comprehensive governance and independence
Managed independently, Lebashe Investment Group holds no interest in any asset manager, ensuring unbiased portfolio choices. Portfolio construction is led by South Africa’s largest and most accomplished investment consultant, RisCura. Independent performance reporting and attribution analysis are provided by Morningstar and Salient Quants. Investment administration is handled by Momentum, with portfolio unit price reviews conducted by Solve Analytics.
Specialist asset managers
Building on the seminal work of Brinson, Hood, and Beebower (1986), and further confirmed by Scott et al. (2017), specialist asset managers are carefully selected and combined to create predictable portfolio outcomes
Cost plus asset management
The fees for all parties involved in managing these well-governed portfolios are fixed. This means that any reduction in asset manager fees due to scale are passed directly to investors and not retained by the multi-manager.
“The only free lunch in investing is diversification.”
Harry Markowitz
Nobel Prize winner for Modern
Portfolio Theory.
The Four Portfolios Explained
Coldstream Money Market Portfolio
A multi-manager portfolio using specialist money market asset managers. It aims for an annualised return of at least 1% after inflation, tax, fees, and costs over every one-year rolling period (CPI + 1%).
Coldstream Consolidator Portfolio
A balanced multi-manager portfolio employing specialist managers and a blend of passive and active components. It seeks an annualised return of at least 3% after inflation, tax, fees, and costs over every three-year rolling period (CPI + 3%).
Coldstream Growth Portfolio
A balanced multi-manager portfolio with specialist asset managers and a mix of passive and active components. It targets an annualised return of at least 5% after inflation, tax, fees, and costs over every five-year rolling period (CPI + 5%).
Coldstream Aggressive Portfolio
A balanced multi-manager portfolio using specialist asset managers for each asset class, blending passive and active building blocks. It aims for an annualised return of at least 6% after inflation, tax, fees, and costs over every ten-year rolling period (CPI + 6%).
The Coldstream Portfolio Factsheets
Click on the links below to view each of the Coldstream Financial Portfolio Factsheets
COLDSTREAM MONEY MARKET PORTFOLIO
COLDSTREAM CONSOLIDATOR PORTFOLIO
COLDSTREAM GROWTH PORTFOLIO
COLDSTREAM AGGRESSIVE PORTFOLIO
How Are Our Portfolios Built?
Diversified Foundations:
Each portfolio is built upon a highly diversified allocation across various asset classes, strategically designed to mitigate risk and capture opportunities across different market conditions.
Best-in-Class Management:
We rigorously select independent, best-of-breed professional managers for each distinct asset class, ensuring your investments are handled by experts in their respective fields.
Strategic Blend of Approaches:
Our investment strategy expertly blends active and passive strategies – some are low-cost index funds; others are specialist funds.
Transparent, Cost-Effective Growth:
All Coldstream Portfolios are designed for complete transparency, optimal cost-effectiveness, and to deliver robust, real (after-cost) growth directly to you, the investor.