0  /  0%

100.55

NAV on 2020/10/20
NAV on 2020/10/19 100.55
52 week high on 2020/09/30 100.57
52 week low on 2020/09/02 100.16
Total Expense Ratio on 2020/09/30 0.72
Total Expense Ratio (performance fee) on 2020/09/30 0
NAV
Incl Dividends
1 month change 0.13% 0.51%
3 month change 0% 0%
6 month change 0% 0%
1 year change 0% 0%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
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  • Sectoral allocations
  • Top five holdings
  • Performance against peers
  • Fund data  
Management company:
Anchor Capital (Pty) Ltd.
Formation date:
2020/08/03
ISIN code:
ZAE000288809
Short name:
U-ANCOINC
Risk:
Unknown
Sector:
South African--Interest Bearing--Short Term
Benchmark:
SteFI Composite Index
  • 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
No fund manager's comment available.
  • Fund focus and objective  
The Anchor BCI Core Income Fund aims to preserve capital whilst providing income returns more than that offered by traditional money market portfolios. However, the mandate is more flexible as the average portfolio duration will be longer than that of traditional money market portfolios. To provide relative capital stability, the weighted average modified duration of the underlying assets is limited to a maximum of two years. Investments to be acquired for the portfolio may include assets in liquid form, money market instruments, bonds, fixed deposits, floating rate instruments and other interest earning instruments.
The portfolio may also invest in participatory interests and other forms of participation in portfolios of collective investment schemes, registered in South Africa and other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa and which is consistent with the portfolio's primary objective.
The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio's investment objective. The manager may only include the following unlisted financial instruments for efficient portfolio management purposes: forward currency, interest rate and exchange rate swap transactions. The Trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out.
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