SBM Mauritius Asset Managers Ltd (“SBM MAM”), licensed and regulated by the Financial Services Commission, provides corporate investors, pension funds, mutual funds and high net worth individuals with the opportunity to explore diverse investment avenues, through its investment expertise encompassing asset management, investment analysis and financial advisory and distribution.

In line with its commitment to bring forward simple investment solutions for the public at large, SBM MAM has established a family of SBM local unit trusts, each with a particular focus on local equity, fixed income instruments or overseas investments, thus catering for the diverse risk appetite of its clients.  SBM MAM has also partnered with international investment houses and international banks to provide access to multiple foreign investment solutions. The company’s suite of foreign investment products includes Equity, Money Market, Bond, Asset Allocation, Hedge and Capital Secured Funds as well as tailor-made structured investment solutions for the more sophisticated clients.

In 2008, most of the funds under management performed well, supported by the strong performance of local listed stocks. SBM Universal Fund posted a risk-adjusted return of 19.8% and was the star performer among the local diversified unit trusts.

With assets under management of Rs 3Bn, SBM MAM recorded a profit after tax of Rs17.3m for the financial year (2007: Rs15.0m).  In the short term, with the slowdown of the global economies and the imminent dissolution of First Republic Fund Ltd, assets under management is expected to be under pressure.  However, existing and new relationships continue to be nurtured with medium to long term growth potential.