Newsletter:

Subject:	Equinox launches Managed Portfolios, Property Funds demystified...
Date:	10 Feb 03

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It's been a very positive start to the year for us in SA, what with the rand's prospects still looking good, inflation finally easing, trade figures looking excellent and some (phew, just in time!) rain for the farmers. This despite the tragicomedy of Zimbabwe, the global war worries, and our own continuing problems of AIDS and unemployment.

At Equinox, we're extremely pleased to announce the launch of our EQUINOX Managed Portfolios - making sound investing even easier. These are risk- profiled portfolios of unit trusts that we select and manage on your behalf as a stress-free and low-cost alternative to relying on your own judgement and timing.

Our Managed Portfolios are based on our successful Recommended Portfolios, with a 3 year track history of consistent performance. They are managed by Oryx Hedge Fund Advisors, headed up by our chairman, Heiko van Wyngaarden.

To invest in a Managed Portfolio, or view more details, click here: http://equinox.co.za/default.asp?portfolios

Recent feature articles below include changes at Investec and African Harvest, Allan Gray's new Optimal Fund, plus Jeremy Gardner's always entertaining take on current issues.

Best Regards
The EQUINOX.co.za Team

Financial Advisors - become an Equinox Accredited Advisor and we will refer clients that require financial advice. We offer immediate commissions, flexible management of your clients, and our low fees save you and your clients money. Call us for more details on 0860 - 378 466.

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Long overdue unit trust changes proposed by African Harvest
African Harvest Management Company has announced plans to make changes to seven of their funds. The proposed changes should result in greater retail support for African Harvest as a unit trust company, due to the increased focus of the unit trust funds.

More at http://www.equinox.co.za/article_418.html

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Where do Absolute Return Funds belong?
Allan Gray, through their international investment arm, Orbis, have two "Offshore" funds registered with the Financial Services Board. These include the "Long only" Orbis Global Equity Fund, and the "Derivative based" Orbis Optimal US$ Fund. The Optimal fund is an absolute return fund and was registered for marketing in South Africa this month.

More at http://www.equinox.co.za/article_417.html

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Arrivals and departures at Investec
Piet Viljoen, best known for his astute management of the Investec Opportunity Fund, has announced plans to leave the company after working at Investec for eight years.

More at http://www.equinox.co.za/article_414.html

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Bush - Between Iraq and a hard place?
Read this entertaining and succinct analysis on America's current political situation, and the current state of the US markets.

More at http://www.equinox.co.za/article_416.html

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FTNIB Review: Prime Select does not live up to its name
This annual review, written by chief investent officer of FTNIB, Reuben Beelders, examines FTNIB's investment year. We are particularly concerned to note the poor performance of the FTNIB Prime Select Fund due to high offshore exposure.

More at http://www.equinox.co.za/article_415.html

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Best Regards
The Equinox Team

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