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0.11  /  0.07%

156.1

NAV on 2019/06/13
NAV on 2019/06/12 155.99
52 week high on 2018/09/05 162.91
52 week low on 2018/12/28 125.4
Total Expense Ratio on 2018/09/30 2.1
Total Expense Ratio (performance fee) on 2018/09/30 0
NAV Incl Dividends
1 month change 3.76% 3.76%
3 month change 7.12% 7.12%
6 month change 16.15% 16.15%
1 year change 12.13% 12.13%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Liquid Assets 1.85 0.92%
Offshore 199.27 99.08%
  • Top five holdings
AUTGLBEQ 199.27 99.08%
  • Performance against peers
  • Fund data  
Management company:
Prime Collective Investment Schemes
Formation date:
2015/03/17
ISIN code:
ZAE000199162
Short name:
U-AUGLEQU
Risk:
Unknown
Sector:
Global--Equity--General
Benchmark:
MSCI World Index
Contact details

Email
info@primeinvestments.co.za

Website
www.PRIMEinvestments.co.za

Telephone
010-594-2100

  • Fund management  
Christo Malan
Christo has more than 29 years experience in the financial industry including positions at the Reserve Bank, The Development Bank of Southern Africa, The University of Stellenbosch and Sanlam Asset Management. Christo serves on the board of 4i Group and 4i Asset Management.
Niël Hougaard
Dawie Conradie


  • Fund manager's comment

Autus Prime Global Equity Feeder comment - Mar 19

2019/05/28 00:00:00
Macroeconomic overview
The Autus Investment Team customarily begins the year with a strategic investment workshop to consider the economic and investment factors likely to influence the markets in coming year. This year the mood was less sanguine because members identified several risks to keep an eye on in the coming months. Internationally, global growth is beginning to slow. Interest rate hikes in the US are looking less likely this year as consumer spending weakens. Talks of a US recession are beginning to emerge. Interest rates in China were lowered during the quarter to support flagging growth there. The lack of consensus in the UK on an acceptable Brexit and the concomitant uncertainty is harming new investment and the prospect of growth in the UK. European economies are forecast to remain stable in 2019. The Brent crude oil price has risen by 27% to end the quarter at US$69.00. The global inflationary impact of these higher prices, if sustained, will be closely monitored. These factors combined with the ongoing trade negotiations between China and the US have fuelled investor jitters. We expect more of this jostling to occur in the markets until these major issues are resolved.
Portfolio commentary
The Autus Prime Global Equity Feeder fund delivered 13.1% return during the quarter against the benchmark return of 12.6%. A deliberate switch to lower-beta stocks as well as a slightly higher level of cash holdings contributed to the outperformance. The portfolio is expected to continue along this line of positioning as valuations tighten as corporate profit growth trends lower. Boeing was sold out of the portfolio as uncertainty surrounds the company following two fatal airplane crashes in less than five months. Health Insurance Innovations was also sold out as a result of a possible class action lawsuit against the company. General Motors, Netflix, and Encana was sold due to lower expected growth in the future, while Coca Cola was the only new share to be added during the quarter.
  • Fund focus and objective  
The Fund's objective is to provide capital growth over the long term from investable opportunities in global equity markets. The portfolio will, apart from assets in liquid form, invest solely in participatory interest of the Autus Global Equity Fund.
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