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-0.15  /  -0.14%

110.94

NAV on 2020/01/24
NAV on 2020/01/23 111.09
52 week high on 2020/01/20 113.16
52 week low on 2019/10/11 99.2
Total Expense Ratio on 2019/09/30 1.68
Total Expense Ratio (performance fee) on 2019/09/30 0
NAV Incl Dividends
1 month change 3.65% 3.65%
3 month change 11.33% 11.33%
6 month change 10.78% 10.78%
1 year change 0% 0%
5 year change 0% 0%
10 year change 0% 0%
Price data is updated once a day.
  • Sectoral allocations
Consumer Services 0.25 0.19%
Liquid Assets 9.58 7.23%
Managed 2.31 1.74%
Spec Equity 0.50 0.38%
Technology 17.92 13.52%
Offshore 101.96 76.94%
  • Top five holdings
ALIBABA 11.09 8.37%
 PROSUS 9.87 7.45%
 NASPERS-N 8.05 6.08%
AMAZON.COM 6.81 5.14%
SPOTIFYTECH 6.31 4.76%
  • Performance against peers
  • Fund data  
Management company:
Anchor Capital (Pty) Ltd.
Formation date:
2019/06/06
ISIN code:
ZAE000267696
Short name:
U-ANLOTEC
Risk:
Unknown
Sector:
Global--Equity--General
Benchmark:
MSCI ACWI Information Technology Index
Contact details

Email
info@anchorcapital.co.za

Website
http://www.anchorcapital.co.za

Telephone
011-591-0677

  • Fund management  
David Gibb
David Gibb has a BSc (Med) degree from the University of Cape Town together with CA (SA) and CFA qualifications. Having joined the local investment industry in 1994, David has many years of experience in both equity research and fund management, including running the equity research team at Stanlib. His focus is global investments with a bias towards equities. David runs the Anchor BCI Worldwide Flexible Fund.
Anchor Capital


  • Fund manager's comment

Anchor BCI Global Technology Comment - Sep 19

2019/10/18 00:00:00
In 3Q19, the Anchor BCI Global Technology Fund experienced large inflows, which led to significant purchases of equities throughout the period. The investment in Naspers increased in anticipation of the listing of Prosus in Amsterdam, Holland in early September.
Prosus, our preferred investment in the Naspers Group of companies, accounted for 7.5% of the fund at quarter end - with Naspers at 6.1%. Alibaba remains the largest single investment at 8.4% of the fund as at end September 2019. New investments were, however, made in Amazon, Microsoft, Facebook, The Walt Disney Co., Apple and Chegg.
The fund’s equity content ended the quarter at 79.9%, up from 64.6% at the end of June 2019. The balance of 20.1% is largely invested in US dollars and euros.
  • Fund focus and objective  
The Anchor BCI Global Technology Fund aims to maximise the long-term total return for investors by way of a global equity portfolio investing in companies that create and benefit from advances in technology. The portfolio is suitable for investors with an aggressive risk profile. The portfolio‘s equity exposure will always exceed 80% of the portfolio's net asset value, and at least 80% of net asset value will be invested outside of South Africa, with no more than 80% exposure to assets of a specific geographical region.
The portfolio may invest in global and local equity securities, property shares, property related securities listed on exchanges and assets in liquid form, preference shares, debentures, debenture bonds, money market instruments and assets in liquid form. The portfolio may also invest in participatory interests and other forms of participation in portfolios of collective investment schemes or 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 include the following unlisted financial instruments: forward currency, interest rate and exchange rate swap transactions for efficient portfolio management
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