SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Evaluate the relevant performance of a Fund/Portfolio Manager 
SAQA US ID UNIT STANDARD TITLE
242572  Evaluate the relevant performance of a Fund/Portfolio Manager 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for learners who evaluate Fund and/or Portfolio Managers including Multi-Managers, Collective Investment Managers and Intermediaries who select funds based on the strength of the Fund/Portfolio Manager.

The qualifying learner is capable of:
  • Conducting an attribution analysis to evaluate a manager against an industry benchmark.
  • Comparing the risk and return of different Fund/Portfolio Managers.
  • Consolidating information to create a profile of a Fund/Portfolio Manager.
  • Making a decision to place money with a specific Fund/Portfolio Manager. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication and Mathematical Literacy at NQF Level 4 and are working towards or have a Level 5 Financial Services Qualification or equivalent. 

    UNIT STANDARD RANGE 
    Fund/Portfolio Managers may manage individual funds/portfolios or may be multi-managers. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Conduct an attribution analysis to evaluate a manager against an industry benchmark. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Relevant information is gathered and collated in order to conduct an attribution analysis. 

    ASSESSMENT CRITERION 2 
    Appropriate formulae are used to determine the strength(s) of a Fund/Portfolio Manager. 

    ASSESSMENT CRITERION 3 
    A Fund/Portfolio Manager is categorised according to strengths over a set period. 

    SPECIFIC OUTCOME 2 
    Compare the risk and return of different Fund/Portfolio Managers. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Selected ratios are used to determine the risk in a fund or portfolio. 

    ASSESSMENT CRITERION 2 
    Different measures of risk are explained and an indication is given of when each is appropriate. 

    ASSESSMENT CRITERION 3 
    Risk and return ratios are interpreted in terms of what each indicates about the risk. 

    ASSESSMENT CRITERION 4 
    Risk and return ratios are used to compare the performance of at selected Fund/Portfolio Managers. 

    SPECIFIC OUTCOME 3 
    Consolidate information to create a profile of a Fund/Portfolio Manager. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Information from a attribution analysis and risk return comparison is used to determine how a Fund Manager adds value to a fund. 

    ASSESSMENT CRITERION 2 
    An assessment of a Fund Manager is drafted and substantiated by qualitative and quantitative data. 

    SPECIFIC OUTCOME 4 
    Make a decision to place money with a specific Fund/Portfolio Manager. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The best Fund/Portfolio Manager is selected for a specific investment. 

    ASSESSMENT CRITERION 2 
    Research findings are presented and substantiated to an investment committee. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems in which responses show that responsible decisions using critical and creative thinking have been made making a decision to place money with a selected Fund/Portfolio Manager. 

    UNIT STANDARD CCFO WORKING 
    The learner is able to work as a member of a team in that investment decisions at this level are seldom made alone. 

    UNIT STANDARD CCFO ORGANISING 
    The learner is able to organise and manage him/herself and his/her activities responsibly and effectively in evaluating a Fund/Portfolio Manager. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information in order conducting an attribution analysis and calculating risk return ratios to determine the risk in a fund or portfolio. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively using visual, mathematics and language skills in the modes of oral and/or written presentations in presenting and substantiating the choice of a Fund/Portfolio Manager for a selected investment. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to use science and technology effectively and critically in using electronic systems to access information and calculate the required ratios. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the world as a set of related systems by using qualitative and quantitative data to create a profile of a Fund/Portfolio Manager. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    Search words: investment portfolio, investment, asset classes, stock picking, multi manager, individual manager, fund manager, portfolio manager. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  66611   National Certificate: Wealth Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. AFRICAN UNION SKILLS DEVELOPMENT PTY LTD 
    2. ALCARI 233 CC T/A ALCARI (Eversdal)(TP) 
    3. Boland Public FET College - Central Office 
    4. CKP Development Agency (Pty) Ltd. 
    5. COLLEGE OF CAPE TOWN 
    6. College of Cape Town - Central Office 
    7. False Bay College 
    8. Intec College 
    9. Invuya Institute of Learning (Pty) Ltd 
    10. Masifunde Training Centre (Pty) Ltd 
    11. North Link College 
    12. Old Mutual Life Assurance Company South Africa 
    13. Ray Strodl Consulting (Pty) Ltd 
    14. Ripple Effect 4 (Pty) Ltd 
    15. Sanlam Life Insurance Ltd 
    16. Sanlam Life Insurance Ltd. 
    17. South Cape College 
    18. South Cape Public FET College - Central Office 
    19. The Institute of Health Risk Managers (Pty) Ltd 
    20. Umfolozi FET College - Central Office 
    21. Universal Healthcare Services (Pty) Ltd 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.