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0.63  /  0.53%

119.14

NAV on 2021/03/01
NAV on 2021/02/26 118.51
52 week high on 2021/01/11 121.29
52 week low on 2020/03/24 98.6
Total Expense Ratio on 2020/12/31 1.02
Total Expense Ratio (performance fee) on 2020/12/31 0.15
NAV
Incl Dividends
1 month change -0.06% -0.06%
3 month change 0.56% 1.5%
6 month change 1.14% 3.33%
1 year change 0.56% 4.7%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
Click and drag to zoom in on timeline.
  • Sectoral allocations
Liquid Assets 173.99 50.51%
Offshore 170.49 49.49%
  • Top five holdings
  • Performance against peers
  • Fund data  
Management company:
Anchor Capital (Pty) Ltd.
Formation date:
2016/03/08
ISIN code:
ZAE000212882
Short name:
U-ANCAFIF
Risk:
Unknown
Sector:
Regional--Multi Asset--Flexible
Benchmark:
SteFI Composite Index plus 2% p.a
  • Fund management  
Nolan Wapenaar
Nolan read for his MCom degree from the University of the Witwatersrand and is a CA(SA). He gained fixed income experience during his seven years at Rand Merchant Bank and six years at Deutsche Bank. After the great financial crises, he was appointed to head the Deutsche Bank European Structured Credit Finance trading desk with assets under management in excess of $3 billion. Following the orderly restructuring and exit of these problem assets, he was appointed to the New York offices where he provided risk reduction solutions to clients. He was successful in managing the fixed income portfolios at Efficient Select, with the fund being a regular feature of the top quartile of performers on most meaningful time periods.


  • Fund manager's comment

Anchor BCI Africa Flexible Income Fund - Dec 19

2020/02/14 00:00:00
Global events were very suppor..ve of risk assets over December, with the rand strengthening by 4.1% against the US dollar. Naturally this acted as a significant headwind to the por..olio, which holds predominantly US dollar-denominated assets. The increased por..olio yield (which is above 6% in US dollar terms) and the currency hedges that we hold were enough to largely insulate the por..olio from the impact of a stronger rand.
Looking ahead, we are quite excited about the prospect of this asset class with the yields looking fair and the likelihood of rand weakness in 2020.
  • Fund focus and objective  
The maximum effective equity exposure (including international equity) will be 10% and a maximum effective property exposure (including international property) of 25%. The portfolio's African exposure, excluding South Africa, will always exceed 80% of the portfolio's asset value. The portfolio may, from time to time, invest in listed and unlisted financial instruments. The manager may also include forward currency, interest rate and exchange-rate swap transactions for efficient portfolio management purposes.
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